8815 Cynthia Street

West Hollywood, CA 90069

$15,425,000
Price
40
Beds
40
Baths
23,675 Sq. Ft.
$652 / Sq. Ft.
23,675
Sq. Ft.
$652
per Sq. Ft.

Description

Huge price reduction! 8815 Cynthia Street is a prestigious opportunity to acquire a property in one of the best rental locations in prime West Hollywood. Built in 1989, the property isNOT subject to the city of West Hollywood's rent control (AB 1482 does apply). 4 of the units are subject to lower income covenants. The beautiful courtyard property boasts an ideal unit mix consisting of all 19 two-bedroom two bath units and 2 one-bedroom one bath units. Each of the units is extremely spacious, has...Huge price reduction! 8815 Cynthia Street is a prestigious opportunity to acquire a property in one of the best rental locations in prime West Hollywood. Built in 1989, the property isNOT subject to the city of West Hollywood's rent control (AB 1482 does apply). 4 of the units are subject to lower income covenants. The beautiful courtyard property boasts an ideal unit mix consisting of all 19 two-bedroom two bath units and 2 one-bedroom one bath units. Each of the units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. Units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, vinyl or laminate flooring, spacious kitchens/bedrooms/bathrooms, large balconies/patios, individual water heaters, and central heat and air conditioning. Other property features include secureentry, copper plumbing, 18 camera video system, and gated subterranean parking (an incredible 47 parking spaces for 21 units). 8815 Cynthia Street is regarded as a "Walker's Paradise" as it features an incredible Walk Score of 92. With such an abundance of parking and an ideal unit mix, the property is well positioned for an investor looking for a condominium conversion project. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier asset in one of the best rental locations in all of Los Angeles.
  1. Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 8815 Cynthia Street

Zoning
LCR4*
Parcel Number
4339013028
Total Units
21.0
Living Area
23675
Source Living Area
Other
Area
West Hollywood Vicinity (C10)
Vacancy Rate
3%
Lot Size Area
17763
LISTING UPDATED: 12/04/2024 02:26 PM

Property Details for 8815 Cynthia Street

StatusActive
MLS #24-424451
Days on Market176
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
Lot Size0.41 AC / 17,763 SF
CountyLos Angeles County

Building Information for 8815 Cynthia Street

Stories3Residences-Year Built1989Building Size-Lot Size0.41 AC / 17,763 SF

Property Information for 8815 Cynthia Street

Community / Development
Community / Development
  • Number Of Units: 21
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: 2s,1s
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $785,691
  • Net Operating Income: $472,105.00
  • Gross Income: $780,531
  • Gross Rent Multiplier: $17.57
  • Total Annual Expense: 290170
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.4078
  • Lot Size Square Feet: 17763
Parking Details
Parking Details
  • Parking Garage: Subterranean
  • Total Parking: 47
  • Parking Features: Subterranean
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-06-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,552.00
  • Unit Actual Rent: $53,275.00
  • Unit Projected Rent: $59,925.00
  • Like Units: 15
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,495.00
  • Unit Actual Rent: $2,991.00
  • Unit Projected Rent: $3,168.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,275.00
  • Unit Actual Rent: $1,275.00
  • Unit Projected Rent: $1,389.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,163.00
  • Unit Actual Rent: $1,163.00
  • Unit Projected Rent: $1,267.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,170.00
  • Unit Actual Rent: $6,340.00
  • Unit Projected Rent: $6,990.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $4,374,584.00
  • Assessed Improvement Percent: 28.57
  • Assessed Land Value: $10,936,460.00
  • Assessed Land Percent: 71.43
  • Assessed Total Value: $15,311,044.00

Property History for 8815 Cynthia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8815 Cynthia Street

Taxable ValueLand$11,155,189Additions$4,464,575Total$15,619,764
Tax Record2024$191,447 ($15,954 / month)
Home Facts
Total Finished SqFt24,883 SqFtAbove Grade Finished SqFt24,883 SqFtLot Size17,758 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLCR4*CountyLOS ANGELESAPN4339-013-028

Schools near 8815 Cynthia Street

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
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.

Similar Homes

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8815 Cynthia Street is a multi-family home for sale in West Hollywood, CA 90069. This property was listed for sale on August 6, 2024 by Remax Commercial and Investment Realty, it's currently listed at $15,425,000. It has been on the market for a total of 176 days and was last sold on February 5, 2018. 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. 8815 Cynthia Street is a 40-bed, 40-bath, 23,675 sqft multi-family home built in 1989.

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 Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

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.