Property Details

Price $13,250,000

Year Built 2023

# of Units 12

Price P/ Unit $1,104,167

Sq. ft. 11,724 SF

Price p/ Sq. ft. $1,130

Current Cap Rate 4.25%

Proforma Cap Rate 4.25%

Lot Size 11,724 SF

Zoning LAR3

About the Property

1011 N. Crescent Heights, a newly constructed state-of-the-art modern complex comprised of a collection of condo-quality townhomes that are the epitome of luxury apartment living in West Hollywood. This turnkey trophy asset, built in 2022, is the only new construction property currently on the market in West Hollywood (built 2020+). Located 1 block south of Santa Monica Blvd (between La Cienega Blvd & Fairfax Ave), the property’s strategic location offers compelling fundamentals and abundant entertainment and dining amenities along Santa Monica Blvd, Fairfax Ave and La Cienega Blvd. Each condo-quality townhouse-style unit is meticulously designed for the high-income professional, and features stainless-steel appliances, brilliant smart-home systems, in-unit LG washer & dryer, nine-foot ceilings, dual pane windows and wood flooring. Please note, several units feature large private balcony spaces. Additional property amenities include controlled access, subterranean parking, optional storage rooms and charging stations for electric vehicles.

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