1115 Hacienda Pl, West Hollywood, CA 90069

Property Description

Exceptional 35-unit multifamily investment opportunity in the heart of prime West Hollywood, just two blocks from the world-famous Sunset Strip. Built in 1963, this five-story property encompasses approximately 26,051 square feet on a 15,499-square-foot lot, offering rare block-to-block frontage along Hacienda Place and La Cienega Boulevard. The desirable unit mix consists of (31) 1-bedroom/1-bath units, (3) 2-bedroom/2-bath units, and (1) 2-bedroom/2.5-bath unit with a den.The property has undergone extensive renovations and capital improvements, with over 91% of the units fully or semi-renovated. Interior upgrades include quartz countertops, stainless steel appliances, updated flooring, remodeled bathrooms, modern cabinetry, and upgraded fixtures. Significant capital improvements include a full roof replacement, elevator modernization, new water heater, updated exterior stucco and wood trim, balcony improvements, and swimming pool and equipment upgrades. Residents enjoy desirable amenities including a swimming pool, outdoor BBQ area, secured garage parking with 36 spaces, and on-site laundry facilities.Situated in one of Los Angeles County's most sought-after rental markets, the property boasts a Walk Score of 95 and is within close proximity to Soho House, Sunset Marquis, Erewhon, Gelson's, and an abundance of premier dining, shopping, and entertainment destinations. Located within the City of West Hollywood, the property is outside the jurisdiction of the City of Los Angeles Measure ULA transfer tax. With substantial renovations and major capital improvements already completed, 1115 Hacienda Place presents an attractive income-producing investment with additional rental upside through lease-up and the continued optimization of below-market rents, subject to applicable rent regulations. Listing includes parcels 5555-004-004 & 5555-004-030. (All property information, including square footage, rents, expenses, and financial projections, is deemed reliable but not guaranteed. Buyer to independently verify all information.)