866 Hilldale Avenue

West Hollywood, CA 90069

$3,899,000
Price
12
Beds
8
Baths
7,782 Sq. Ft.
$501 / Sq. Ft.
7,782
Sq. Ft.
$501
per Sq. Ft.

Description

Reduced! We are proud to exclusively present for sale a lovingly maintained 8 Unit Apartment Building in an A+ West Hollywood location sandwiched between Santa Monica Blvd. and the Sunset Strip! The Building boasts large units, each with a parking space. The area has Permit Parking to benefit multi-car households. This building does not keep vacancies for long. Ownership is keeping a vacant unit to facilitate showings. With the neighborhood being as desirable as they get, Walk Score calls this location...Reduced! We are proud to exclusively present for sale a lovingly maintained 8 Unit Apartment Building in an A+ West Hollywood location sandwiched between Santa Monica Blvd. and the Sunset Strip! The Building boasts large units, each with a parking space. The area has Permit Parking to benefit multi-car households. This building does not keep vacancies for long. Ownership is keeping a vacant unit to facilitate showings. With the neighborhood being as desirable as they get, Walk Score calls this location a Walker's Paradise! A skip and a hop to dining, nightlife, shopping and just about anything that a tenant may want, the property also sits north of West Hollywood Park, with a swimming pool, tennis courts, dog park and library. Steps to The Abbey, Bottega Louie, Rocco's, Pavilions Supermarket, Fiesta Cantina, Tender Greens, Whisky A Go Go, Rainbow Bar & Grill, The Roxy Theatrecome to WeHo and have no reason to leave! Management has updated the building's plumbing, electrical, stucco, appliances and much more. Some units have washers and dryers. Ownership will cooperate with any Buyer interested in the existing Assumable Loan ($2.3m @ 5.35% interest only). All newer tenants except for one long-term, low paying tenant with no plans to move out. The building features gated parking with coded entry and security cameras.
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 866 Hilldale Avenue

Zoning
WDR3A*
Parcel Number
4340006016
Total Units
8.0
Living Area
7782
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
12.5
Lot Size Area
7172

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474
Add your commute
LISTING UPDATED: 02/14/2024 03:59 PM

Property Details for 866 Hilldale Avenue

StatusActive
MLS #23-335173
Days on Market152
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.16 AC / 7,172 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474
Add your commute

Building Information for 866 Hilldale Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.16 AC / 7,172 SF

Payment Calculator

$26,022 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,278

Property Taxes

$4,744

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 866 Hilldale Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $285,957
  • Net Operating Income: $192,548.00
  • Gross Income: $285,957
  • Cap Rate: 4.94%
  • Gross Rent Multiplier: $13.63
  • Actual Annual Gross Rent: $285,957.00
  • Total Annual Expense: 84830
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1646
  • Lot Size Square Feet: 7172
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 8
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central, Other
  • Heating: Central
  • Heating Type: Other, Central
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-28-2023
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,005.00
  • Unit Actual Rent: $12,021.00
  • Unit Projected Rent: $14,000.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,952.00
  • Unit Actual Rent: $11,809.00
  • Unit Projected Rent: $16,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,377,000.00
  • Assessed Improvement Percent: 30.07
  • Assessed Land Value: $3,202,800.00
  • Assessed Land Percent: 69.93
  • Assessed Total Value: $4,579,800.00

Property History for 866 Hilldale 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 866 Hilldale Avenue

Taxable ValueLand$3,202,800Additions$1,377,390Total$4,580,190
Tax Record2023$56,934 ($4,744 / month)
Home Facts
Total Finished SqFt7,782 SqFtAbove Grade Finished SqFt7,782 SqFtLot Size7,244 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningWDR3A*CountyLOS ANGELESAPN4340-006-016

Schools near 866 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.

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.

866 Hilldale Avenue is a multi-family home for sale in West Hollywood, CA 90069. This property was listed for sale on November 28, 2023 by Keller Williams Beverly Hills, it's currently listed at $3,899,000. It has been on the market for a total of 152 days and was last sold on April 23, 2019. 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. 866 Hilldale Avenue is a 12-bed, 8-bath, 7,782 sqft multi-family home built in 1957.

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 Keller Williams Beverly Hills, Dario Svidler, DRE #01884474

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.