This diamond in the rough is located in the highly-desired rental market of West Hollywood, just two parcels south of Santa Monica Boulevard. Walking distance to one of the liveliest neighborhoods of WeHo, this phenomenal value-add project featured an amazing unit mix and plenty of rental upside.
WeHo Value-Add Sale w/ 7 VACANT Units
1042 N. Orange Grove Avenue, West Hollywood
Price Paid: $2,690,000
About The Property
Year Built 1928
Price p/ Sq. ft. $353
Price P/ Unit $336,250
Despite the competitive bidding environment, we were able to secure the building for our Buyer with seven of the eight units delivered vacant. This affords our Buyer the ability to renovate the property immediately and capture its significant financial upside. This sale marks Max Berger’s 2nd closing in West Hollywood over the past 90 days.
Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.
“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”
“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”