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8815 Cynthia St, West Hollywood, CA 90069

List Price: $10,750,000On Market FlagOn market
Aug 6, 202423,675 sqft40 beds40 baths
Listed by: Jonathan Taksa
License #: 01366169
Phone #: 424-672-8220
Remax Commercial and Investment Realty
Source:
CRMLS Logo
MLS #: 24424451

Property Description

INCREDIBLE NEW PRICING FOR 1989 BUILT PROPERTY IN WEST HOLLYWOOD!!!! 8815 Cynthia Street is a prestigious opportunity to acquire a property in one of the best rental locations in prime West Hollywood. Built in 1989, the property isNOT subject to the city of West Hollywood's rent control (AB 1482 does apply). 4 of the units are subject to lower income covenants. The beautiful courtyard property boasts an ideal unit mix consisting of all 19 two-bedroom two bath units and 2 one-bedroom one bath units. Each of the units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. Units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, vinyl or laminate flooring, spacious kitchens/bedrooms/bathrooms, large balconies/patios, individual water heaters, and central heat and air conditioning. Other property features include secureentry, copper plumbing, 18 camera video system, and gated subterranean parking (an incredible 47 parking spaces for 21 units). 8815 Cynthia Street is regarded as a "Walker's Paradise" as it features an incredible Walk Score of 92. With such an abundance of parking and an ideal unit mix, the property is well positioned for an investor looking for a condominium conversion project. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier asset in one of the best rental locations in all of Los Angeles.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$168,135

TurboHome Estimated Value

$10,979,500

$464 sqft

High Valuation
$11,528,475
$487/sqft
Normal Valuation
$10,979,500
$464/sqft
Low Valuation
$10,430,525
$441/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$464/sqft$10,979,500

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