About 525 N Sweetzer Avenue
525 N Sweetzer Ave, a 6 unit apartment building located in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built in 1959, the property consists of (2) one-bedroom + one-bathroom units, (2) two-bedroom + two-bathroom units and (2) three-bedroom + two-bathroom units. The building is 6,120 gross square feet and sits on a 5,493square foot lot.Located in the heart of West Hollywood, 525 N Sweetzer Ave offers residents a vibrant and sophisticated lifestyle surrounded by some of Los Angeles' most desirable destinations. Just moments from Melrose Avenue, Beverly Grove, and the Design District, this property places tenants at the center of fashion, dining, and culture. With a Walk Score of 93, residents can easily explore local cafes, high-end boutiques, and acclaimed restaurants such as Catch LA, Cecconi's, and Croft Alley. Just minutes away, the Pacific Design Center, Beverly Center, and West Hollywood Park contribute to the area's vibrant mix of design, culture, and leisure.525 N Sweetzer Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 5.39% with the ability to improve to a 8.24% CAP rate once units turnover.
