929 Stanley AveWest Hollywood, CA 90046

Property Details for 929 Stanley Ave

Year built

1963

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

6,334 SF

Zone code

WDR3C*

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

5530-023-017

APU

5530023017

Description

This exceptional 8-unit apartment building, located at 929 N. Stanley Ave in West Hollywood, CA 90046, presents a compelling investment opportunity. The property boasts 6,334 square feet on a 5,769 square foot lot, featuring a mix of four one-bedroom and four two-bedroom units, each averaging approximately 790 square feet. Built in 1963, this two-story building sits on a fee simple lot and offers gated parking for eight vehicles and on-site laundry facilities for tenant convenience. The current occupancy is 100%, with six of the eight tenants having moved in since 2019. The property features a private front yard and select units include private balconies. Utilities are separately metered for gas and electricity

• CAP approach

  CAP return

  Valuation

  6%

  $2,275,663

  6.5%

  $2,100,612

  7%

  $1,950,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,866,934

  Geo Method

  $1,866,934

• Alternative Use

  Use

  Valuation

  Residential

  $2,100,612

  Hospitality

  $1,924,149

  Educational

  $1,600,870

  Medical

  $1,655,926

  Retail

  $2,490,242

Location Insight

City

West Hollywood

County

Los Angeles

State

California

Latitude

34.0881

Longitude

-118.357

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].