920 Westbourne Drive

West Hollywood, CA 90069

$3,910,000
Last Sold Price
13
Beds
10
Baths
7,660 Sq. Ft.
$510 / Sq. Ft.
7,660
Sq. Ft.
$510
per Sq. Ft.

Description

Situated just three blocks from the world-renowned Sunset Strip, the property sits among numerous upscale hotels and famous fine dining locations. A new investor can enjoy the attractive initial 4.30% CAP rate while also capitalizing on the opportunity to continually improve the income to capture the approximately 21% rentupside. Helping the building to attract tenants are the numerous interior upgrades and amenities. The spacious apartments feature in-unit washer/dryers, stainless steel appliances,...Situated just three blocks from the world-renowned Sunset Strip, the property sits among numerous upscale hotels and famous fine dining locations. A new investor can enjoy the attractive initial 4.30% CAP rate while also capitalizing on the opportunity to continually improve the income to capture the approximately 21% rentupside. Helping the building to attract tenants are the numerous interior upgrades and amenities. The spacious apartments feature in-unit washer/dryers, stainless steel appliances, quartz countertops, recessed lighting, wood flooring, and fully remodeled bathrooms. Located north of Santa Monica Boulevard, between San Vicente Boulevard and La Cienega Boulevard, the property lies within the historic Norma Triangle, one of the most prestigious neighborhoods in West Hollywood. Tenants enjoy the buildings proximity to desirable shopping and dining establishments, as evidenced by its Walk Score of 96.
  1. Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 920 Westbourne Drive

Zoning
WDR3C*
Parcel Number
4339006011
Total Units
10.0
Living Area
7660
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
0
Lot Size Area
6921

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Sold By Keller Williams Realty Westside, Eliza Kerndian, DRE #01398836

Add your commute
LISTING UPDATED: 05/05/2023 09:28 AM

Property Details for 920 Westbourne Drive

StatusSold
MLS #20-613336
Days on Market122
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.16 AC / 6,921 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Sold By Keller Williams Realty Westside, Eliza Kerndian, DRE #01398836

Add your commute

Building Information for 920 Westbourne Drive

Stories-Residences-Year Built1955Building Size-Lot Size0.16 AC / 6,921 SF

Payment Calculator

$25,597 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,338

Property Taxes

$4,259

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 920 Westbourne Drive

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Residential
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: Actual
  • Gross Operating Income: $249,486
  • Net Operating Income: $171,895.00
  • Gross Income: $256,584
  • Cap Rate: 4.30%
  • Gross Rent Multiplier: $15.53
  • Actual Gross Annual Income: $257,184
  • Total Annual Expense: 77591
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1587
  • Lot Size Square Feet: 6921
  • Lot Size Dimensions: 45x166
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 7
  • Attached Garage: Yes
Interior Features
Interior Features
  • Cooling Type: Other, Air Conditioning
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-03-2020
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,962.00
  • Unit Actual Rent: $15,692.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,795.00
  • Unit Actual Rent: $5,590.00
  • Unit Projected Rent: $2,995.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,449,777.00
  • Assessed Improvement Percent: 48.28
  • Assessed Land Value: $1,553,332.00
  • Assessed Land Percent: 51.72
  • Assessed Total Value: $3,003,109.00

Property History for 920 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 920 Westbourne Drive

Taxable ValueLand$2,845,494Additions$1,223,710Total$4,069,204
Tax Record2023$51,114 ($4,259 / month)
Home Facts
Total Finished SqFt7,660 SqFtAbove Grade Finished SqFt7,660 SqFtLot Size6,918 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningWDR3C*CountyLOS ANGELESAPN4339-006-011

Schools near 920 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
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.

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, Roderick 'Rick' Raymundo, DRE #01357019

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.