945 Hilldale Avenue
West Hollywood, CA 90069
$1,925,000
Price
3
Beds
5
Baths
3,486 Sq. Ft.
$552 / Sq. Ft.
3,486
Sq. Ft.
$552
per Sq. Ft.
Description
We are pleased to present a five (5) unit apartment building located at 945 Hilldale Avenue in West Hollywood, California. The subject property is situated in a prime Norma Triangle location, south of Sunset Boulevard and west of Santa Monica 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...We are pleased to present a five (5) unit apartment building located at 945 Hilldale Avenue in West Hollywood, California. The subject property is situated in a prime Norma Triangle location, south of Sunset Boulevard and west of Santa Monica 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 in Tri-West, a relatively small neighborhood comprised of single-family homes and apartment buildings. Tri-West is the area north of Melrose Ave and south of Santa Monica Blvd, between the Pacific Design Center and La Cienega Blvd. The Pacific Design Center is located less than a ten (10) minute's walk west of the subject property and is adjacent to West Hollywood Park and West Hollywood Library. The nearby West Hollywood Park includes grassy grounds, a playground, and a community pool. Tri-West provides residents with a plethora of amenities proximate to well-known commercial corridors. This safe little community provides small-town charm in the heart of the big city. The Norma Triangle is a residential neighborhood in WeHo, represented by the Norma Triangle Neighborhood Watch with the main goals of creating a tight knit community, ensuring residents feel safe & secure, and voicing neighborhood concerns with the City Council members of West Hollywood. The neighborhood is walkable and upscale with cafes and restaurants, shopping, nightclubs, parks, and bars in close proximity. The Norma Triangle includes a small portion of the Sunset Strip with ample employment centers attracting a significant young professional tenant base. It is also home to the Ticket -master corporate headquarters, the largest employer in West Hollywood, as well as a number of IAC/InterActiveCorp subsidiaries, including Tinder and CityGrid Media. Built in 1923, this property contains a great unit mix of one(1) studio / one bathroom unit, one (1) studio / one-bathroom ADU (newly converted), two (2) one bedroom / one bathroom units, and one (1) two bedroom / one bathroom house. Two(2) units will be delivered vacant. Lush landscaping lines the front of the craftsman-style building at the property, creating a sense of privacy from the highly amenitized world of WeHo. Though there is on-site parking available, residents will enjoy being within short distance to trendy entertainment, retail, and restaurants all located within blocks of the subject property in all directions. Some of the closest include amazing stops along the world-famous Sunset Strip: The Whisky A GoGo, The Roxy Theatre, The Viper Room, Rainbow Bar & Grill, Boxwood, Night + Market Weho, Book Soup, Shamrock SocialClub, Tradesrogue, and many more. The West Hollywood Elementary School is adjacent to the site, and boasts some of the highest test scores across low- and middle-income students throughout California. Less than half a mile south, tenants will find outdoor recreation at the West Hollywood Park as well as other trendy destinations such as Revolver Video Bar,Hi Tops Bard, Insomnia Cookies, Salt & Straw, Bottega LouieWEHO, WHO WHAT WEAR, and others. Situated in a prime West Hollywood location, this offering presents an excellent opportunity for any investor to capitalize on rental upside potential in a rare residential pocket of West Hollywood.
- Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 945 Hilldale Avenue
Water Front
None
ZoningWDR2
StyleSpanish
Cross StreetsHilldale Ave & Cynthia St
Parcel Number4340005008
Total Units5.0
Living Area3486
Source Living AreaVendor Enhanced
LISTING UPDATED: 11/21/2024 04:57 PM
Property Details for 945 Hilldale Avenue
| Status | Active |
|---|---|
| MLS # | 24-442219 |
| Days on Market | 64 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1923 |
| Lot Size | 0.14 AC / 6,221 SF |
| County | Los Angeles County |
Building Information for 945 Hilldale Avenue
Stories2Residences-Year Built1923Building Size-Lot Size0.14 AC / 6,221 SF
Property Information for 945 Hilldale Avenue
Community / Development
Community / Development
- Tax Mello Roos: No
- Number Of Units: 5
- Senior Community: No
Structure Info
Structure Info
- Year Built Source: Assessor
- Number Of Stories: 2
- Number Of Buildings: 2
- Type Of Units: Market
- View: Yes
- View Description: City
- View: City Lights
- Security Features: Fire and Smoke Detection System, Smoke Detector
Contract Info
Contract Info
- Probate: No
- Financing: Submit
- Disclosures: As Is
- Listing Type: Exclusive Agency
- Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
- Scheduled Actual: Actual
- Gross Operating Income: $139,435
- Net Operating Income: $92,559.00
- Gross Income: $139,435
- Cap Rate: 4.52%
- Gross Rent Multiplier: $14.70
- Total Annual Expense: 42693
Land / Lot Info
Land / Lot Info
- Lot Acreage: 0.1428
- Lot Size Square Feet: 6221
- Lot Features: Landscaped, Front Yard, Rectangular Lot
- Lot Description: Curbs, Landscaped, Street Asphalt, Sidewalks, Fenced Yard, Front Yard, Lot Shape-Rectangular
- Lot Location: City, Park Nearby
Parking Details
Parking Details
- Parking Garage: Driveway, Parking Space, Uncovered, Unassigned
- Total Parking: 6
- Open Other Spaces Total: 6
- Parking Features: Driveway, Parking Space, Uncovered, Unassigned
Interior Features
Interior Features
- Room Type: Walk-In Closet
- Rooms: Patio Enclosed, Dining Area, Walk-In Closet
- Levels: Two
- Den: No
- Family Room: 0
- Dining Room: 0
- Cooling Type: Air Conditioning
- Heating: None
- Heating Type: None
- Flooring: Hardwood
- Equipment: Dishwasher, Refrigerator, Freezer, Range/Oven
- Kitchen Features: Marble Counters, Counter Top
- Common Walls: Attached
Exterior Features
Exterior Features
- Patio Features: Porch, Porch - Front
- Entry Location: Main Level
- New Construction: No
- Other Structures: None
Lease Terms
Lease Terms
- Entry Date: 09-19-2024
Unit Details
Unit 1 Information
- Unit Beds: 0
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,376.00
- Unit Actual Rent: $1,376.00
- Unit Projected Rent: $2,300.00
- Like Units: 1
Unit 2 Information
- Unit Beds: 0
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $2,300.00
- Unit Actual Rent: $2,300.00
- Unit Projected Rent: $2,300.00
- Like Units: 1
Unit 3 Information
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,161.00
- Unit Actual Rent: $1,161.00
- Unit Projected Rent: $2,600.00
- Like Units: 1
Unit 4 Information
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $2,600.00
- Unit Actual Rent: $2,600.00
- Unit Projected Rent: $2,600.00
- Like Units: 1
Unit 5 Information
- Unit Beds: 2
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $4,182.00
- Unit Actual Rent: $4,182.00
- Unit Projected Rent: $4,950.00
- Like Units: 2
Unit Details
- Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
- Assessed Improvement Value: $247,852.00
- Assessed Improvement Percent: 18.78
- Assessed Land Value: $1,071,827.00
- Assessed Land Percent: 81.22
- Assessed Total Value: $1,319,679.00
Property History for 945 Hilldale Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 945 Hilldale Avenue
Taxable ValueLand$1,093,263Additions$252,809Total$1,346,072
Tax Record2024$17,278 ($1,440 / month)
Home Facts
Total Finished SqFt3,486 SqFtAbove Grade Finished SqFt3,486 SqFtLot Size6,296 SqFtStyleMulti-Family Res (5+ Units)ZoningWDR2*CountyLOS ANGELESAPN4340-005-008
Schools near 945 Hilldale Avenue
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.
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Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495
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.