About 8997 Keith Ave
We are pleased to present a four (4) unit apartment building located at 8997 Keith Avenue in West Hollywood, California. The subject property is situated in a prime West Hollywood location, north of Santa Monica Boulevard and east of N Doheny Drive. Built in 1918, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units and two (2) two-bedroom / two-bathroom units. One (1) one-bedroom unit and one (1) two-bedroom unit have spacious rooftop patios. The units are well-maintained with each unit having in-unit washers and dryers or a dedicated washer and dryer in the laundry room for that specific unit. Equipped with a long gated driveway this complex also offers full on-site parking and a small dedicated laundry room. Tenants will love living just down the street from the Sunset Strip to the north, and Beverly Hills to the west. This pocket allows immediate access to incredible local amenities including the Troubador Theater, Sur Restaurant and Lounge, Soho House, Rocco's, and Insomnia Cookies. Situated in a prime West Hollywood location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing and a seller who is willing to carry a new first loan to acquire a character, Spanish style asset with strong rental upside potential.
Features of 8997 Keith Ave
| MLS® # | 24-381389 |
|---|---|
| Price | $2,100,000 |
| Units | 4 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Square Footage | 2,554 |
| Acres | 0.15 |
| Year Built | 1918 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Style | Spanish |
| Status | Active |
Community Information
| Address | 8997 Keith Ave |
|---|---|
| Area | West Hollywood Vicinity |
| City | WEST HOLLYWOOD |
| County | Los Angeles |
| State | CA |
| Zip Code | 90069 |
Amenities
| Amenities | None |
|---|---|
| Features | Balcony |
| Parking Spaces | 4 |
| Garages | Controlled Entrance, Driveway |
| View | City |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Wood |
|---|---|
| Heating | Wall |
| Cooling | Air Conditioning |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Lot Description | Lot Shape-Rectangular, Single Lot, Landscaped |
|---|
Additional Information
| Date Listed | April 17th, 2024 |
|---|---|
| Days on Market | 30 |
| Zoning | WDR2* |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 4.10 |
| Gross Operating Income | $120,568 |
| Net Operating Income | $86,038 |
Unit 1 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,972 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $2,403 |
Unit 3 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $3,450 |
Unit 4 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $2,533 |
Listing Details
| Agent | Jason Tuvia (01772495) |
|---|---|
| Office | Marcus & Millichap |