$ 10,995,000
1216 N La Cienega BLVD West Hollywood, CA 90069
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$ 10,995,000
Est. payment /mo
Active
1216 N La Cienega BLVD West Hollywood, CA 90069
13 Beds
14 Baths
17,282 SqFt
UPDATED:
09/30/2024 06:43 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 17,282 sqft
Price per Sqft $636
MLS Listing ID 24404213
Bedrooms 13
HOA Y/N No
Year Built 1928
Lot Size 0.347 Acres
Property Description
Introducing an exceptional investment opportunity: Empire Residences, a testament to vintage architectural splendor situated in the heart of West Hollywood's prestigious Courtyard Thematic District. Built in 1928 by renowned architect William Hauptman, this historic property boasts 14 units spread across two floors, offering one Executive Studio, 9 one-bedroom and 4 one-bedroom plus den floor plans ranging from 1,000 to 1,300 square feet. Steeped in rich history, Empire Residences embodies Hauptman's homage to Japanese-style architecture, paying tribute to the Emperor of Japan with its highly stylized pagoda-like structure. Original design elements such as decorative banding, corbels, and metal cresting adorn the exterior, while peaked and undulating gables, wood window grilles, and wood-frame large picture windows with arched headers capture the essence of a bygone era. Wood balconies, panel doors with hammered doorknobs, hand-finished plaster walls, antique lanterns, and decorative Japanese metal relief insets further enhance the property's allure. Nestled amidst lush greenery, Empire Residences offers a tranquil retreat from the hustle and bustle of Los Angeles, yet remains conveniently located just moments away from the vibrant segment of the Sunset Strip. The interiors seamlessly blend historic charm with modern convenience, with many units fully updated to include their own washer/dryer, beautiful new hardwood floors, high ceilings, stainless steel appliances, and a comprehensive security system. Moreover, seize the opportunity to maximize income potential with three units currently paying significantly below market value. With secured underground parking adding to the property's appeal, investors will appreciate the potential for increased revenue streams. Notably, Empire Residences benefit from its designation as a Historical Property, qualifying for the Mills Act and offering a substantial reduction in property taxes. No ULA as well. Don't miss out on the chance to own this magnificent income property in prime West Hollywood. Embrace the prestige and profitability of Empire Residences, where timeless charm meets lucrative investment potential.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR4*
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Exterior
Garage Electric Gate, Guest, Private
Pool None
Total Parking Spaces 17
Private Pool No
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5555002013
Security Features Security Gate,Key Card Entry
Special Listing Condition Standard
Listed by Cory Weiss • Douglas Elliman