929 North Stanley Avenue

West Hollywood, CA 90046

$2,425,000
Price
12
Beds
8
Baths
6,334 Sq. Ft.
$383 / Sq. Ft.
6,334
Sq. Ft.
$383
per Sq. Ft.

Description

4.5% Cash on Cash Day 1 With Upside! (With Assumable Financing). Assumable Financing Available at 3.94%! 929 N Stanley Avenue is an 8 Unit Apartment Building built in 1963. The property is located in an A+ West Hollywood Location just north of Melrose and East of Fairfax Avenue. The property offers an excellent unit mix comped of 4 - 1 Bedroom / 1 Bathroom units and 4 - 2 Bedroom / 1 Bathroom Units. Garage offers 8 Parking Spaces. Assumable Financing Available at approx. $1,200,0000 & 3.94%.4.5% Cash on Cash Day 1 With Upside! (With Assumable Financing). Assumable Financing Available at 3.94%! 929 N Stanley Avenue is an 8 Unit Apartment Building built in 1963. The property is located in an A+ West Hollywood Location just north of Melrose and East of Fairfax Avenue. The property offers an excellent unit mix comped of 4 - 1 Bedroom / 1 Bathroom units and 4 - 2 Bedroom / 1 Bathroom Units. Garage offers 8 Parking Spaces. Assumable Financing Available at approx. $1,200,0000 & 3.94%.
  1. Listed by Jordan Asheghian • DRE #01886605 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 929 North Stanley Avenue

Zoning
WDR3C*
Parcel Number
5530023017
Total Units
8.0
Living Area
6334
Source Living Area
Assessor
Area
West Hollywood Vicinity (C10)
Vacancy Rate
2%
Lot Size Area
5769
LISTING UPDATED: 11/01/2024 10:40 AM

Property Details for 929 North Stanley Avenue

StatusActive
MLS #24-443373
Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.13 AC / 5,769 SF
CountyLos Angeles County

Building Information for 929 North Stanley Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.13 AC / 5,769 SF

Property Information for 929 North Stanley Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
  • Security Features: Gated
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $198,712
  • Net Operating Income: $123,310.00
  • Gross Income: $197,812
  • Cap Rate: 5.08%
  • Gross Rent Multiplier: $12.26
  • Total Annual Expense: 71446
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1325
  • Lot Size Square Feet: 5769
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 8
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,294.00
  • Unit Actual Rent: $9,176.00
  • Unit Projected Rent: $13,200.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,827.00
  • Unit Actual Rent: $7,308.00
  • Unit Projected Rent: $9,200.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $411,707.00
  • Assessed Improvement Percent: 49.36
  • Assessed Land Value: $422,458.00
  • Assessed Land Percent: 50.64
  • Assessed Total Value: $834,165.00

Property History for 929 North Stanley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 929 North Stanley Avenue

Taxable ValueLand$430,907Additions$419,941Total$850,848
Tax Record2024$12,425 ($1,035 / month)
Home Facts
Total Finished SqFt6,334 SqFtAbove Grade Finished SqFt6,334 SqFtLot Size5,769 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningWDR3C*CountyLOS ANGELESAPN5530-023-017

Schools near 929 North Stanley Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

Whitman Continuation School
Public9 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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929 North Stanley Avenue is a multi-family home for sale in West Hollywood, CA 90046. This property was listed for sale on September 22, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,425,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and West Hollywood Opportunity School. 929 North Stanley Avenue is a 12-bed, 8-bath, 6,334 sqft multi-family home built in 1963.

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 Lyon Stahl Investment Real Estate, Inc., Jordan Asheghian, DRE #01886605

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.