958 Hancock Avenue West Hollywood, CA ^$ 650,000

958 Hancock Avenue

^$ 650,000

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Adult Community

958 Hancock Avenue

West Hollywood, CA, 90069

^$ 650,000

Studio Baths0.0 Sq 2,477

Monthly Estimate*

^$ 4,540

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Studio

Multi-Family Home for sale in West Hollywood, CA

for $650,000. This 2,477 square foot home was built in 1929 on a lot size of 0.14.

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.

Multi-Family Contingent

Price

^$ 650,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Tudor

Lot Size

0.14

Year Built

1929

Town/City

West Hollywood

County/Region

Los Angeles

MLS | Web ID

0023342085

Features

General

Sewer None

Heating Central

Cooling Central Air

Possession Close of Escrow

Roof Shingle Composition

Zoning WDR4*

Architectural Style Tudor

Construction Materials Brick

Year Built 1929

Tenant Pays Electricity Gas

Levels One

County Los Angeles

Net Operating Income 23373.0

New Construction No

Property Type C

HOA / Comm Assn No

Contingency Active Under Contract

Facing Direction West

Status Active Under Contract

City West Hollywood

Buyer Agent Compensation 2.00

View Y/N No

Senior Community Y/N Yes

MLS Area C10 - West Hollywood Vicinity

Lot Size Square Feet 5963.0

Street Name Hancock

Additional Parcels Y/N No

Structure Type None

Standard Status Active Under Contract

Year Built Source Assessor

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Disposal Dishwasher

Total Stories 1

Air Conditioning Y/N Yes

Heating Y/N Yes

Street Suffix Avenue

Laundry Features Individual Room

Total Baths 0

Exterior

Water Source None Public

Lot Size Area 5963.0

Spa No

Pool Y/N? No

Building Area Total 2477.0

Lot Dimensions 50x120

Lot Size Acres 0.14

Lot Size Units Square Feet

Lot Size Source Assessor

Land Lease Type Fee

* Excluded Features

List By

James Gilb

Listing Agent

James F. Gilb

Broker

Affordability Calculator

$4,540

Per Month

Monthly Principal & Interest: $4,540
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in West Hollywood, CA

Average List Price ^$3,636,849

Percent of Sale Price 460%

About West Hollywood, CA

35,971 Population

1% Since 2002

^$69,697 Median Income

43.33 Median Age

4% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/25/2024	$650,000	-43.48%	Price Down
2/5/2024	$1,150,000	-20.63%	Price Down
1/3/2024	$1,449,000		Listed Price

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958 Hancock Avenue, West Hollywood, CA, 90069 is a Multi-Family Home for sale at $650,000 with 2,477 sqft and a lot size of 0.14. 958 Hancock Avenue is a studio with 0.0 baths and was built in 1929. The property's zip code is 90069 which is in West Hollywood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/30/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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958 Hancock Avenue

Multi-Family Home for sale in West Hollywood, CA

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