739 Westbourne Drive

West Hollywood, CA 90069

$3,150,000
Price
7
Beds
5
Baths
3,638 Sq. Ft.
$866 / Sq. Ft.
3,638
Sq. Ft.
$866
per Sq. Ft.

Description

Located at the intersection of Westbourne and Sherwood Dr., this property offers a compelling investment opportunity in the heart of West Hollywood. It currently consists of two 1-bedroom, 1-bathroom units, each currently leased for $3,000 per month. Additionally, there are two 2-bedroom, 1-bathroom units undergoing extensive renovations, with an expected completion date of March 29th, 2024, and a projected monthly rental income of $4,850 per unit. This property includes an Accessory Dwelling Unit...Located at the intersection of Westbourne and Sherwood Dr., this property offers a compelling investment opportunity in the heart of West Hollywood. It currently consists of two 1-bedroom, 1-bathroom units, each currently leased for $3,000 per month. Additionally, there are two 2-bedroom, 1-bathroom units undergoing extensive renovations, with an expected completion date of March 29th, 2024, and a projected monthly rental income of $4,850 per unit. This property includes an Accessory Dwelling Unit (ADU) with approved plans and permits, encompassing approximately 500 sqft and designed as a 1-bedroom, 1-bathroom unit. This Property consists of a total of 5 units, 7 bedrooms and 5 bathrooms. This project offers flexibility, allowing it to be delivered either as a completed product or for collaboration with a prospective buyer to add finishing touches after the close of escrow. The property is located in close proximity to West Hollywood City Hall, the Los Angeles County Sheriff Station, the Pacific Design Center, Melrose Place, and Melrose shops. Don't miss this exceptional opportunity in a highly sought-after location!
  1. Listed by Yar Meshkaty • DRE #01060780 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 739 Westbourne Drive

Zoning
WDR2*
Parcel Number
4337011062
Total Units
4.0
Living Area
3638
Source Living Area
Plans
Area
West Hollywood Vicinity (C10)
Vacancy Rate
3
Lot Size Area
6174

Location

Listing Courtesy of Coldwell Banker Realty, Yar Meshkaty, DRE #01060780
Add your commute
LISTING UPDATED: 03/30/2024 07:42 AM

Property Details for 739 Westbourne Drive

StatusActive
MLS #23-307640
Days on Market235
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.14 AC / 6,174 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Yar Meshkaty, DRE #01060780
Add your commute

Building Information for 739 Westbourne Drive

Stories2Residences-Year Built1937Building Size-Lot Size0.14 AC / 6,174 SF

Payment Calculator

$18,799 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,191

Property Taxes

$1,608

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 739 Westbourne Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartment
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $217,551
  • Net Operating Income: $190,564.00
  • Gross Income: $224,280
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $14.00
  • Total Annual Expense: 26987
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1417
  • Lot Size Square Feet: 6174
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Driveway
  • Total Parking: 5
  • Parking Features: Detached Carport, Driveway
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Refrigerator, Range/Oven
  • Laundry: Laundry Closet Stacked, Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-07-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $36,000.00
  • Unit Projected Rent: $39,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $36,000.00
  • Unit Projected Rent: $39,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $58,140.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $58,140.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $36,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $313,305.00
  • Assessed Improvement Percent: 22.5
  • Assessed Land Value: $1,079,171.00
  • Assessed Land Percent: 77.5
  • Assessed Total Value: $1,392,476.00

Property History for 739 Westbourne Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 739 Westbourne Drive

Taxable ValueLand$1,100,754Additions$319,571Total$1,420,325
Tax Record2023$19,302 ($1,608 / month)
Home Facts
Total Finished SqFt3,138 SqFtAbove Grade Finished SqFt3,138 SqFtLot Size6,172 SqFtStyleQuadraplexYear Built1937ZoningWDR2*CountyLOS ANGELESAPN4337-011-062

Schools near 739 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
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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739 Westbourne Drive is a multi-family home for sale in West Hollywood, CA 90069. This property was listed for sale on September 5, 2023 by Coldwell Banker Realty, it's currently listed at $3,150,000. It has been on the market for a total of 235 days and was last sold on April 4, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Rosewood Avenue Elementary School, School for Advanced Studies, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 739 Westbourne Drive is a 7-bed, 5-bath, 3,638 sqft multi-family home built in 1937.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Yar Meshkaty, DRE #01060780

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.