875 Westbourne Drive

West Hollywood, CA 90069

$2,200,000
Price
—
Beds
4
Baths
1,612 Sq. Ft.
$1,365 / Sq. Ft.
1,612
Sq. Ft.
$1,365
per Sq. Ft.

Description

Excellent commercial Investment opportunity located in the heart of West Hollywood, just south of Santa Monica Boulevard. 873 - 875 Westbourne Drive boasts four upgraded commercial units, each spanning 400 square feet, along with a 125-square-foot shed. All units have been fully modernized with new glass windows, 8-foot glass storefront doors, mini-split air conditioners, updated bathrooms, contemporary lighting, and new flooring. Additionally, the building features a Title 24 cool-roof coating,...Excellent commercial Investment opportunity located in the heart of West Hollywood, just south of Santa Monica Boulevard. 873 - 875 Westbourne Drive boasts four upgraded commercial units, each spanning 400 square feet, along with a 125-square-foot shed. All units have been fully modernized with new glass windows, 8-foot glass storefront doors, mini-split air conditioners, updated bathrooms, contemporary lighting, and new flooring. Additionally, the building features a Title 24 cool-roof coating, a newly repaved parking lot, fresh exterior paint, and newly enhanced landscaping. This property also presents prime potential for repurposing or redevelopment for an owner user subject to City of West Hollywood regulations. Contact listing agent for full brochure. Please refrain from disrupting tenants. The information contained herein is not warranted or guaranteed. All interested parties are to conduct and rely solely on their own investigation and inspection. Seller and Listing Broker do not guaranty the accuracy of the square footage, bedroom/bathroom count, lot size, or any other information concerning the features of the Property. All information provided was sourced from the seller and from public records. Buyer and Selling broker are advised to verify the accuracy of the information, and to independently determine whether the Property is suitable for Buyer's proposed use.
  1. Listed by Steven Kay • DRE #00871704 • Brokerage DRE #01022898 • Nelson Shelton & Associates
  2. Listed by Hector Chaidez • DRE #02123590 • Brokerage DRE #01022898 • Nelson Shelton & Associates

Property Details for 875 Westbourne Drive

Water Front
None
Zoning
WDC1A*
Style
Contemporary
Cross Streets
Santa Monica Blvd / Westbourne Drive
Parcel Number
4337013015
Total Units
4.0
Living Area
1612
Source Living Area
Vendor Enhanced
LISTING UPDATED: 10/24/2024 09:48 AM

Property Details for 875 Westbourne Drive

StatusActive
MLS #24-432881
Days on Market114
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.09 AC / 4,109 SF
CountyLos Angeles County

Building Information for 875 Westbourne Drive

Stories1Residences-Year Built1972Building Size-Lot Size0.09 AC / 4,109 SF

Property Information for 875 Westbourne Drive

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Store
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: North
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Electric
Contract Info
Contract Info
  • Disclosures: As Is, Property Report
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $101,536
  • Net Operating Income: $85,265.00
  • Gross Income: $101,536
  • Cap Rate: 3.90%
  • Gross Rent Multiplier: $21.67
  • Actual Annual Gross Rent: $101,536.00
  • Actual Gross Annual Income: $101,536
  • Actual Rent Total: $101,536.00
  • Financial Info as Of: 08/01/2024
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 16271
  • Water Expense: $2,041.00
  • Tax Expense: $9,478
  • Insurance Expense: $2,755
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.0943
  • Lot Size Square Feet: 4109
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 9
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Air Conditioning
  • Heating: Electric
  • Heating Type: Electric
  • Flooring: Laminate
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Flat, Other
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Slab
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 08-30-2024
  • Tenant Pays: Air Cond/Heat Maint, Electricity, Roof, Taxes, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,703.00
  • Unit Actual Rent: $1,703.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $400.00
  • Unit Actual Rent: $400.00
  • Unit Projected Rent: $400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $123,137.00
  • Assessed Improvement Percent: 16.67
  • Assessed Land Value: $615,709.00
  • Assessed Land Percent: 83.33
  • Assessed Total Value: $738,846.00

Property History for 875 Westbourne Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 875 Westbourne Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Rosewood Avenue 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

875 Westbourne Drive is a multi-family home for sale in West Hollywood, CA 90069. This property was listed for sale on August 29, 2024 by Nelson Shelton & Associates, it's currently listed at $2,200,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Rosewood Avenue Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 875 Westbourne Drive is a 0-bed, 4-bath, 1,612 sqft multi-family home built in 1972.

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 Nelson Shelton & Associates, Steven Kay, DRE #00871704; Nelson Shelton & Associates, Hector Chaidez, DRE #02123590

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.