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8985 Keith Avenue, West Hollywood, CA 90069$2,400,000

3
beds
2
baths
2288
ft2
· 5370
ft2 lot
$1,049 / ft2

Listing provided courtesy of James Campbell, Keller Williams Realty Encino-
Source CRMLS;
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Stabilized and well-maintained 4-unit property in prime West Hollywood Norma Triangle! Irreplaceable location just steps from West Hollywood Pavillions and a 5-minute walk to Santa Monica Blvd. Two duplexes on a lot. The Front Duplex 8985 + 8987 is side by side with a grassy yard surrounded by a privacy hedge and has a large front patio. 8985 was recently updated with a new kitchen and bathroom. It has in-unit laundry and wall ACs. The Back Duplex is Up and Down. The lower unit has a new Tankless water heater and in-unit laundry. 3 uncovered Parking spaces on the lot. Unit Mix: (3) 1 Bedroom units and (1) 2 Bedroom Unit. Some Upside in the current rents. Separately metered for Electricity and Gas. The owner just replaced the sewer line. Safe investment, and a great long term holding.

HOA

No HOA

On market

2 months

Year built

1930

Property type

Multi-Family

Parking

MLS

22185409

Price / Sq.Ft.

$1,049 / ft2

Status

Active

Buyer’s Brokerage Commission

2%

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Home details for 8985 Keith Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Washer Included, Dryer Included
•   
Appliances: Dishwasher, Disposal, Refrigerator
•   
Has Appliances
•   
Laundry: 1
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 2288.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway
Property Features
•   
View: Park/Greenbelt
Building Info
•   
Zoning: WDR2*
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Lot Info
•   
Lot Size Acres: 0.1233
•   
Lot Size Area: 5370.0000
•   
Lot Size Units: Square Feet
Property Type
•   
Architectural Style: Spanish
Exterior Features
•   
Direction Faces: South
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 113016.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 25000.00
•   
Gross Multiplier: 21.23
Tax/Assessment Info
•   
Gross Income: 113016.00
•   
Tax Year: 2021
•   
Taxes: 21416.06
Lease Info
•   
Net Operating Income: 88016.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 2340.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 3
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 2340.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2396.00
•   
Unit 1 Total Rent: 2396.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: One Street north of Santa Monica Blvd right behind West Hollywood Pavillions on Keith
Other
Calculation
•   
Dom: 8

Neighborhood snapshot

113
Properties for sale
18.5
Median days on market
$869.00
Median sold price/sqft
99.50%
Sold/List %
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Property History for 8985 Keith Avenue

08/08/2022
08/08/2022
CRMLS #22185409
active
CRMLS #22185409
$2,400,000

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