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345 Huntley Drive

345 Huntley Drive, West Hollywood, CA, USA

For Sale

$1,925,000

Property Description

Marcus and Millichap is pleased to present a four (4) unit apartment building located at 345 Huntley Drive in West Hollywood, California. The subject property is situated in a prime West Hollywood location, north of Beverly Boulevard and east of N San Vicente Boulevard.

West Hollywood is a trendy area known for its high-energy nightlife and eclectic restaurants. The fabled Sunset Strip features the Chateau Marmont, a swanky celebrity hideaway, plus comedy clubs and live music venues like the legendary Whiskey a Go Go. Santa Monica Boulevard, awash in rainbow flags, is home to a number of gay bars, dance clubs and shops. WeHo also offers some of the city’s most buzzworthy restaurants. The subject property is situated near the gateway from West Hollywood to Los Angeles. The area has recently been getting more attention thanks to numerous developments that continue to fuel demand in the area. Recently, LaTerra is finalizing construction for a mixed-use, 71-unit structure at 7617 Santa Monica Boulevard. Other proposed starts include 10-units at 7760-7798 Romaine Street, 17-units at 1032-1036 N Ogden Drive, and an astounding 95-unit hotel and housing mix at 7811 Santa Monica Boulevard.

Built in 1923, this property contains an easy unit mix spread across two (2) detached buildings consisting of two (2) studio / one-bathroom units in one building and two (2) one-bedroom / one-bathroom units in the other. The property will be delivered with two (2) vacant units, allowing for the option to execute on existing plans to add a two-bedroom / two and a half-bathroom ADU unit to one of the garage parking spaces on the first story of the back building. The plans also detail a renovation to the second story one-bedroom units, adding living space and covered patios while maintaining covered parking on the right side of the building. Tenants will love living in a quiet residential corridor only one block away from Beverly Center. Being down the street from Cedars-Sinai affords the property a consistent young professional renter demographic.

Situated in a prime West Hollywood location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire a character asset with an option to add an ADU and remodel existing one-bedroom units in one of the most coveted markets of Los Angeles.

Contact Agent

Jason Tuvia | Nick Mejerski

818.212.2728

Unit Mix

Two (2) Studio / 1-Bathroom & Two (2) 1-Bedroom / 1-Bathroom

Property Type

Multifamily

Submarket

Price

Size

1,997 SF

Total Units

Year Built

1923

Property Location

345 Huntley Drive, West Hollywood, CA, USA

Property Description

Marcus and Millichap is pleased to present a four (4) unit apartment building located at 345 Huntley Drive in West Hollywood, California. The subject property is situated in a prime West Hollywood location, north of Beverly Boulevard and east of N San Vicente Boulevard.

West Hollywood is a trendy area known for its high-energy nightlife and eclectic restaurants. The fabled Sunset Strip features the Chateau Marmont, a swanky celebrity hideaway, plus comedy clubs and live music venues like the legendary Whiskey a Go Go. Santa Monica Boulevard, awash in rainbow flags, is home to a number of gay bars, dance clubs and shops. WeHo also offers some of the city’s most buzzworthy restaurants. The subject property is situated near the gateway from West Hollywood to Los Angeles. The area has recently been getting more attention thanks to numerous developments that continue to fuel demand in the area. Recently, LaTerra is finalizing construction for a mixed-use, 71-unit structure at 7617 Santa Monica Boulevard. Other proposed starts include 10-units at 7760-7798 Romaine Street, 17-units at 1032-1036 N Ogden Drive, and an astounding 95-unit hotel and housing mix at 7811 Santa Monica Boulevard.

Built in 1923, this property contains an easy unit mix spread across two (2) detached buildings consisting of two (2) studio / one-bathroom units in one building and two (2) one-bedroom / one-bathroom units in the other. The property will be delivered with two (2) vacant units, allowing for the option to execute on existing plans to add a two-bedroom / two and a half-bathroom ADU unit to one of the garage parking spaces on the first story of the back building. The plans also detail a renovation to the second story one-bedroom units, adding living space and covered patios while maintaining covered parking on the right side of the building. Tenants will love living in a quiet residential corridor only one block away from Beverly Center. Being down the street from Cedars-Sinai affords the property a consistent young professional renter demographic.

Situated in a prime West Hollywood location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire a character asset with an option to add an ADU and remodel existing one-bedroom units in one of the most coveted markets of Los Angeles.

Contact Agent

Jason Tuvia | Nick Mejerski

818.212.2728

(818) 448-4415

CalBRE #01772495

Unit Mix

Two (2) Studio / 1-Bathroom & Two (2) 1-Bedroom / 1-Bathroom

Property Details

Property Type

Multifamily

Submarket

West Hollywood

Price

$1,925,000

Price per Unit

$481,250

Price per SF

$963.95

Status

For Sale

Size

1,997 SF

Total Units

4

Year Built

1923

Property Location

345 Huntley Drive, West Hollywood, CA, USA

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