8815 Cynthia St, WEST HOLLYWOOD, CA

$16,925,000

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40

Beds

40

Baths

23,675

Square feet

0.41

Acres

About 8815 Cynthia St

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.

Features of 8815 Cynthia St

MLS® # 24-424451
Price $16,925,000
Units 21
Bedrooms 40
Bathrooms 40.00
Square Footage 23,675
Acres 0.41
Year Built 1989
Type Residential Income
Sub-Type Apartment Building
Status Active

Community Information

Address 8815 Cynthia St
Area West Hollywood Vicinity
City WEST HOLLYWOOD
County Los Angeles
State CA
Zip Code 90069

Amenities

Parking Spaces 47
Garages Subterranean
Is Waterfront No
Has Pool No

Interior

Heating Central
Cooling Central
Fireplace No
# of Stories 3
Has Basement No

Additional Information

Date Listed August 6th, 2024
Days on Market 61
Zoning LCR4*
Foreclosure No
RE / Bank Owned No
Gross Operating Income $768,460
Net Operating Income $418,814

Unit 1 Details

Beds 2
Baths 2.00
Rent $51,775

Unit 2 Details

Beds 2
Baths 2.00
Rent $2,991

Unit 3 Details

Beds 2
Baths 2.00
Rent $1,275

Unit 4 Details

Beds 2
Baths 2.00
Rent $1,163

Unit 5 Details

Beds 1
Baths 1.00
Rent $6,290

Listing Details

AgentJonathan Taksa (01366169)
OfficeRemax Commercial and Investment Realty

Listing Map

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