Property listed by Berkshire Hathaway HomeServices California Properties, Cristie St. James 310-777-7800
$650,000
PRIME INVESTMENT OPPORTUNITY TENANT IN PLACE 5.9% GROSS YIELD. Rare south-facing condo with unobstructed views of the city and sparkling night lights, located in the prestigious Park Wellington in the heart of West Hollywood. This bright and stylish 1BD/1.5BA residence (~741 sqft). with modern kitchen,… Read More stainless steel appliances, remodeled baths, dark wood floors, and a large private balcony framing panoramic skyline vistas. Immediate cash flow: long-term tenant paying $3,190/month ($38,280 annually) under rent stabilization, with nearby comparable units renting $3,650 - $3,950/month. Resort-style amenities include a 24-hour concierge/doorman, saltwater pool with cabanas, pergola covered spa, sauna, state-of-the-art gym, tennis court, dog run, and secure parking. Residents also enjoy the rare perk of room service from the adjacent Sunset Marquis Hotel. Ideally positioned on coveted Alta Loma Road, just steps from Sunset Strip dining, boutiques, and nightlife, and minutes to Beverly Hills, Cedars-Sinai, and Hollywood. Priced at $650,000, this offering represents exceptional value in West Hollywood's premier full-service community. Property is being sold with a stable, long-term Tenant, offering immediate rental income in one of LA's most sought-after lifestyle communities. Tenant-occupied; 24-hour notice required for showings. Read Less
Listing Snapshot
Days Online
18
Last Updated
Property Type
Condominium
Beds
1
Full Baths
1
Partial Baths
1
Square Ft.
741
Lot Size
2.3 Acres
Year Built
1972
MLS Number
25582955
30 Days Snapshot Of 90069
$1.94M
-61%
(avg) sold price
21
-19%
homes sold
71
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Microwave, Refrigerator
Building
Built in 1972, Building area total: 741, Levels: One, Living area: 741, 1 story, Architectural style: Contemporary, Attached, Common walls: OneCommonWall
Community
Gated, Pool
Cooling
CentralAir
Fireplaces
None
Floors
Tile, Wood
Garage
1 space
Heating
Central
Home Owner's Association
Association fee: $687, Association amenities: ControlledAccess, Pool, Sauna, SpaHotTub, Security, TennisCourts
Laundry
CommonArea
Lot
2.2992 acres, 100,154 square feet, Size: 100,154
Parking
1 total parking, Assigned, Garage, GarageDoorOpener, Gated, CommunityStructure
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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