8815 Cynthia St, West Hollywood, CA 90069 – 24-424451

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$15,425,000

Est. payment - /mo

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40 BD

40 BA

23,675 SqFt

Price Dropped by $1.5M

8815 Cynthia St West Hollywood, CA 90069

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/04/2024 09:26 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,675 sqft

Price per Sqft $651

MLS Listing ID 24-424451

Bedrooms 40

Year Built 1989

Lot Size 0.408 Acres

Acres 0.4078

Property Description

Huge price reduction!!! 8815 Cynthia Street is a prestigious opportunity to acquire a property in one of the best rental locations in prime West Hollywood. Built in 1989, the property isNOT subject to the city of West Hollywood's rent control (AB 1482 does apply). 4 of the units are subject to lower income covenants. The beautiful courtyard property boasts an ideal unit mix consisting of all 19 two-bedroom two bath units and 2 one-bedroom one bath units. Each of the units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. Units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, vinyl or laminate flooring, spacious kitchens/bedrooms/bathrooms, large balconies/patios, individual water heaters, and central heat and air conditioning. Other property features include secureentry, copper plumbing, 18 camera video system, and gated subterranean parking (an incredible 47 parking spaces for 21 units). 8815 Cynthia Street is regarded as a "Walker's Paradise" as it features an incredible Walk Score of 92. With such an abundance of parking and an ideal unit mix, the property is well positioned for an investor looking for a condominium conversion project. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier asset in one of the best rental locations in all of Los Angeles.

Location

State CA

County Los Angeles

Area West Hollywood Vicinity

Zoning LCR4*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment None

Exterior

Parking Features Subterranean

Garage Spaces 47.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty