1000 Hammond Street
About This Property for Sale
Marketing description
Property description
12 Units
8 x 1 bedroom
2 x 2 bedroom
2 large luxury studios
Huge Balconies,
Available Parking/storage,
Rare beautiful views,
GLA 9,000 SF
Land area 7,000 SF
Built late 50's / 2020
Gross annual Income approx. $350,000 ( includes 2 vacant units)
Operating expenses: $12,000
Plus prop.Tax: $70,000.
Plus property insurance, approximately $20,000
Vacancies: Currently a 2+2 and a single are vacant.
Property is a stabilized asset with huge upside through leasing the vacant units.
Also, the Seller has a RTI plan to convert approx.3,000 SF of existing dead space
into 2 additional 2+2 units, with potential to increase the annual NOI by
at least $180,000. Subject to city approval, Buyer to verify this independently and can not be contingent to the sale.
Investment highlights
A rare opportunity to acquire a small MF in the most sought after and famous Norma Triangle/Sunset Strip Micro-market. Surrounded by flagship nightlife, dining, and luxury hotel/condo developments.
Steps to the Sunset Strip’s world‑renowned venues and restaurants. Moments from the West
Hollywood Edition Sunset Plaza, and Beverly Hills. Heart of West Hollywood’s
Entertainment and Creative Employment Base.
Stabilized and value add, 2 vacant units and build 2 ADU's.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
