8997 Keith Avenue

West Hollywood, CA 90069

$2,100,000
Price
6
Beds
6
Baths
2,554 Sq. Ft.
$822 / Sq. Ft.
2,554
Sq. Ft.
$822
per Sq. Ft.

Description

We are pleased to present a four (4) unit apartment building located at 8997 Keith Avenue in West Hollywood, California. The subject property is situated in a prime West Hollywood location, north of Santa Monica Boulevard and east of N Doheny Drive. Built in 1918, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units and two (2) two-bedroom / two-bathroom units. One (1) one-bedroom unit and one (1) two-bedroom unit have spacious rooftop patios. The units are well-maintained...We are pleased to present a four (4) unit apartment building located at 8997 Keith Avenue in West Hollywood, California. The subject property is situated in a prime West Hollywood location, north of Santa Monica Boulevard and east of N Doheny Drive. Built in 1918, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units and two (2) two-bedroom / two-bathroom units. One (1) one-bedroom unit and one (1) two-bedroom unit have spacious rooftop patios. The units are well-maintained with each unit having in-unit washers and dryers or a dedicated washer and dryer in the laundry room for that specific unit. Equipped with a long gated driveway this complex also offers full on-site parking and a small dedicated laundry room. Tenants will love living just down the street from the Sunset Strip to the north, and Beverly Hills to the west. This pocket allows immediate access to incredible local amenities including the Troubador Theater, Sur Restaurant and Lounge, Soho House, Rocco's, and Insomnia Cookies. Situated in a prime West Hollywood location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire a character, Spanish style asset with strong rental upside potential.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 8997 Keith Avenue

Zoning
WDR2*
Style
Spanish
Parcel Number
4340015006
Total Units
4.0
Living Area
2554
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
25%

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495
Add your commute
LISTING UPDATED: 04/25/2024 12:01 AM

Property Details for 8997 Keith Avenue

StatusActive
MLS #24-381389
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1918
Lot Size0.15 AC / 6,527 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495
Add your commute

Building Information for 8997 Keith Avenue

Stories2Residences-Year Built1918Building Size-Lot Size0.15 AC / 6,527 SF

Payment Calculator

$12,275 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$814

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8997 Keith Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Market
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
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: $120,568
  • Net Operating Income: $86,038.00
  • Gross Income: $124,297
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $16.90
  • Financial Info as Of: 04/17/2024
  • Vacancy Allow Dollar: $3,729.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 34530
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Lot Acreage: 0.1498
  • Lot Size Square Feet: 6527
  • Lot Features: Rectangular Lot, Landscaped
  • Lot Description: Lot Shape-Rectangular, Single Lot, Landscaped
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Controlled Entrance, Driveway
  • Total Parking: 4
  • Parking Features: Controlled Entrance, Driveway
Interior Features
Interior Features
  • Rooms: Patio Open
  • Levels: Multi/Split
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood
  • Equipment: Built-Ins, Dishwasher, Refrigerator, Range/Oven, Washer, Dryer, Stackable W/D Hookup
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Remodeled
  • Laundry: In Unit, Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Patio Features: Roof Top Deck, Patio Open
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-17-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,972.00
  • Unit Actual Rent: $1,972.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,403.00
  • Unit Actual Rent: $2,403.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,450.00
  • Unit Actual Rent: $3,450.00
  • Unit Projected Rent: $3,450.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,533.00
  • Unit Actual Rent: $2,533.00
  • Unit Projected Rent: $3,550.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $290,058.00
  • Assessed Improvement Percent: 43.5
  • Assessed Land Value: $376,701.00
  • Assessed Land Percent: 56.5
  • Assessed Total Value: $666,759.00

Property History for 8997 Keith 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 8997 Keith Avenue

Taxable ValueLand$376,701Additions$290,058Total$666,759
Tax Record2023$9,772 ($814 / month)
Home Facts
Total Finished SqFt2,554 SqFtAbove Grade Finished SqFt2,554 SqFtLot Size6,525 SqFtStyleTriplexYear Built1918ZoningWDR2*CountyLOS ANGELESAPN4340-015-006

Schools near 8997 Keith 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

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8997 Keith Avenue is a multi-family home for sale in West Hollywood, CA 90069. This property was listed for sale on April 17, 2024 by Marcus & Millichap, it's currently listed at $2,100,000. 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. 8997 Keith Avenue is a 6-bed, 6-bath, 2,554 sqft multi-family home built in 1918.

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 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.