1216 North La Cienega Boulevard

West Hollywood, CA 90069

$10,995,000
Price
13
Beds
14
Baths
17,282 Sq. Ft.
$636 / Sq. Ft.
17,282
Sq. Ft.
$636
per Sq. Ft.
a view of entryway and a building
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a living room with furniture and a window
a living room with furniture and a large window
a living room with furniture window and wooden floor
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a kitchen with stainless steel appliances granite countertop a stove and a sink
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
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a bedroom with a bed and a flat screen tv
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a view of a yard with plants and large trees
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a backyard of a house with lots of green space
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a front view of a house with a porch
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a living room with furniture large window and a flat screen tv
a living room with furniture and a potted plant
a living room with furniture and a potted plant
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Description

Introducing an exceptional investment opportunity: Empire Residences, a testament to vintage architectural splendor situated in the heart of West Hollywood's prestigious Courtyard Thematic District. Built in 1928 by renowned architect William Hauptman, this historic property boasts 14 units spread across two floors, offering one Executive Studio, 9 one-bedroom and 4 one-bedroom plus den floor plans ranging from 1,000 to 1,300 square feet. Steeped in rich history, Empire Residences embodies Hauptman's...Introducing an exceptional investment opportunity: Empire Residences, a testament to vintage architectural splendor situated in the heart of West Hollywood's prestigious Courtyard Thematic District. Built in 1928 by renowned architect William Hauptman, this historic property boasts 14 units spread across two floors, offering one Executive Studio, 9 one-bedroom and 4 one-bedroom plus den floor plans ranging from 1,000 to 1,300 square feet. Steeped in rich history, Empire Residences embodies Hauptman's homage to Japanese-style architecture, paying tribute to the Emperor of Japan with its highly stylized pagoda-like structure. Original design elements such as decorative banding, corbels, and metal cresting adorn the exterior, while peaked and undulating gables, wood window grilles, and wood-frame large picture windows with arched headers capture the essence of a bygone era. Wood balconies, panel doors with hammered doorknobs, hand-finished plaster walls, antique lanterns, and decorative Japanese metal relief insets further enhance the property's allure. Nestled amidst lush greenery, Empire Residences offers a tranquil retreat from the hustle and bustle of Los Angeles, yet remains conveniently located just moments away from the vibrant segment of the Sunset Strip. The interiors seamlessly blend historic charm with modern convenience, with many units fully updated to include their own washer/dryer, beautiful new hardwood floors, high ceilings, stainless steel appliances, and a comprehensive security system. Moreover, seize the opportunity to maximize income potential with three units currently paying significantly below market value. With secured underground parking adding to the property's appeal, investors will appreciate the potential for increased revenue streams. Notably, Empire Residences benefit from its designation as a Historical Property, qualifying for the Mills Act and offering a substantial reduction in property taxes. No ULA as well. Don't miss out on the chance to own this magnificent income property in prime West Hollywood. Embrace the prestige and profitability of Empire Residences, where timeless charm meets lucrative investment potential.
  1. Listed by Cory Weiss • DRE #01309146 • Brokerage DRE #01883938 • Douglas Elliman

Property Details for 1216 North La Cienega Boulevard

Zoning
WDR4*
Style
Architectural
Parcel Number
5555002013
Total Units
14.0
Living Area
17282
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
0
LISTING UPDATED: 07/26/2024 12:01 AM

Property Details for 1216 North La Cienega Boulevard

StatusActive
MLS #24-404213
Days on Market105
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.35 AC / 15,107 SF
CountyLos Angeles County

Building Information for 1216 North La Cienega Boulevard

Stories3Residences-Year Built1928Building Size-Lot Size0.35 AC / 15,107 SF

Property Information for 1216 North La Cienega Boulevard

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: APTS
  • Security Features: Card/Code Access, Automatic Gate
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $581,516
  • Net Operating Income: $462,545.00
  • Gross Income: $581,516
  • Cap Rate: 4.21%
  • Gross Rent Multiplier: $18.91
  • Total Annual Expense: 118971
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3468
  • Lot Size Square Feet: 15107
Parking Details
Parking Details
  • Parking Garage: Auto Driveway Gate, Parking for Guests, Private
  • Total Parking: 17
  • Parking Features: Auto Driveway Gate, Guest, Private
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dryer, Dishwasher, Cable, Freezer, Range/Oven, Refrigerator, Washer, Built-Ins
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-19-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,226.00
  • Unit Actual Rent: $1,226.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,782.00
  • Unit Actual Rent: $49,172.00
  • Unit Projected Rent: $55,572.00
  • Like Units: 13
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 1216 North La Cienega Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1216 North La Cienega Boulevard

Taxable ValueLand$1,534,000Additions$2,301,000Total$3,835,000
Tax Record2024$49,891 ($4,158 / month)
Home Facts
Total Finished SqFt17,282 SqFtAbove Grade Finished SqFt17,282 SqFtLot Size15,102 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningWDR4*CountyLOS ANGELESAPN5555-002-013

Schools near 1216 North La Cienega Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
West Hollywood Elementary School
Public - K to 5
Hubert Howe Bancroft Middle School
Public - 6 to 8
Fairfax Senior High School
Public - 9 to 12
West Hollywood Opportunity School
Public - 7 to 12
Rating
School
Distance
West Hollywood Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1216 North La Cienega Boulevard, West Hollywood, CA 90069

1216 North La Cienega Boulevard is a multi-family home for sale in West Hollywood, CA 90069. This property was listed for sale on July 18, 2024 by Douglas Elliman, it's currently listed at $10,995,000. It has been on the market for a total of 105 days and was last sold on August 7, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include West Hollywood Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 1216 North La Cienega Boulevard is a 13-bed, 14-bath, 17,282 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman, Cory Weiss, DRE #01309146

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.