958 Hancock Avenue

West Hollywood, CA 90069

$650,000
Price
6
Beds
3
Baths
2,477 Sq. Ft.
$262 / Sq. Ft.
2,477
Sq. Ft.
$262
per Sq. Ft.

Description

This building is specifically intended for Very-Low, Low & Moderate-income tenants only. Rentals are subject to a covenant agreement with the City of West Hollywood that runs through 2058. Property is protected by the Mills Act. Historic Firehouse structure that was converted to residential use in the early 2000's. Unit interiors are large and pleasant, (some with hard wood floors) high ceilings and nicely appointed kitchens and baths. The subject property sits in prime West Hollywood and is just...This building is specifically intended for Very-Low, Low & Moderate-income tenants only. Rentals are subject to a covenant agreement with the City of West Hollywood that runs through 2058. Property is protected by the Mills Act. Historic Firehouse structure that was converted to residential use in the early 2000's. Unit interiors are large and pleasant, (some with hard wood floors) high ceilings and nicely appointed kitchens and baths. The subject property sits in prime West Hollywood and is just a short distance from the world famous Sunset Strip! This is ground zero for entertainment, legal, financial, educational, health care, governmental & restaurant services jobs. Close to all that Los Angeles has to offer including theaters, dining, world renown night clubs and bars and world class retail shopping districts. This is one of the most coveted rental markets in all of Los Angeles and the diverse and progressive tenant base adds to the locations allure.
  1. Listed by James Gilb • DRE #00998653 • Brokerage DRE #00998653 • James F. Gilb

Property Details for 958 Hancock Avenue

Water Front
None
Zoning
WDR4*
Style
Tudor
Cross Streets
Santa Monica Blvd & Hancock
Parcel Number
4339007090
Total Units
3.0
Living Area
2477
Source Living Area
Assessor

Location

Listing Courtesy of James F. Gilb, James Gilb, DRE #00998653
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LISTING UPDATED: 04/15/2024 12:17 PM

Property Details for 958 Hancock Avenue

StatusActive
MLS #23-342085
Days on Market116
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.14 AC / 5,963 SF
CountyLos Angeles County

Location

Listing Courtesy of James F. Gilb, James Gilb, DRE #00998653
Add your commute

Building Information for 958 Hancock Avenue

Stories1Residences-Year Built1929Building Size-Lot Size0.14 AC / 5,963 SF

Payment Calculator

$3,614 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$67

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 958 Hancock Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 3
  • Senior Community: Yes
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Direction Faces: West
  • Water: District
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash
  • Disclosures: Senior Community, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $36,269
  • Net Operating Income: $23,373.00
  • Gross Income: $36,269
  • Gross Rent Multiplier: $17.92
  • Vacancy Allow Percent: .00%
  • Owner Pays: Gas, Electricity, Water, Gardener
  • Total Annual Expense: 13136
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1369
  • Lot Size Square Feet: 5963
  • Lot Size Dimensions: 50x120
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central, Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Garbage Disposal, Dishwasher
  • Laundry: Room
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: Front
  • Patio Features: None
  • New Construction: No
  • Construction Materials: Brick
  • Exterior Construction: Brick
  • Other Structural Features: Historical
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 01-03-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $713.00
  • Unit Actual Rent: $713.00
  • Unit Projected Rent: $713.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,145.00
  • Unit Actual Rent: $1,145.00
  • Unit Projected Rent: $1,145.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,164.00
  • Unit Actual Rent: $1,164.00
  • Unit Projected Rent: $1,164.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Dishwasher: 3
  • Number of Disposal: 3
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $563,150.00
  • Assessed Improvement Percent: 34.0
  • Assessed Land Value: $1,093,262.00
  • Assessed Land Percent: 66
  • Assessed Total Value: $1,656,412.00

Property History for 958 Hancock 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 958 Hancock Avenue

Taxable ValueLand$1,093,262Additions$563,150Total$1,656,412
Tax Record2023$808 ($67 / month)
Home Facts
Beds6Total Finished SqFt2,477 SqFtAbove Grade Finished SqFt2,477 SqFtLot Size5,963 SqFtStyleSingle Family ResidenceYear Built1929ZoningWDR4*CountyLOS ANGELESAPN4339-007-090

Schools near 958 Hancock 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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958 Hancock Avenue is a multi-family home for sale in West Hollywood, CA 90069. This property was listed for sale on January 3, 2024 by James F. Gilb, it's currently listed at $650,000. 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. 958 Hancock Avenue is a 6-bed, 3-bath, 2,477 sqft multi-family home built in 1929.

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 James F. Gilb, James Gilb, DRE #00998653

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.