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Unit 109 1131 Alta Loma Road West Hollywood CA 90069
Price $ 699,000
Listing ID 25582955
Status Active
Property Type Condominium
County Los Angeles
Beds 1
Baths 1 Full  1 Half
House Size 741
Year Built 1972
Lot Size 2
Days on website 2
Description
PRIME INVESTMENT OPPORTUNITY | TENANT IN PLACE | 5.5% GROSS YIELD. Rare south-facing condo with unobstructed views of the city and sparkling night lights, located in the prestigious Park Wellington in the heart of West Hollywood. This bright and stylish 1BD/1.5BA residence (~741 sqft). with modern kitchen, stainless steel appliances, remodeled baths, dark wood floors, and a large private balcony framing panoramic skyline vistas. Immediate cash flow: long-term tenant paying $3,190/month ($38,280 annually) under rent stabilization, with nearby comparable units renting $3,650 - $3,950/month. Resort-style amenities include a 24-hour concierge/doorman, saltwater pool with cabanas, pergola covered spa, sauna, state-of-the-art gym, tennis court, dog run, and secure parking. Residents also enjoy the rare perk of room service from the adjacent Sunset Marquis Hotel. Ideally positioned on coveted Alta Loma Road, just steps from Sunset Strip dining, boutiques, and nightlife, and minutes to Beverly Hills, Cedars-Sinai, and Hollywood. Priced at $699,000, this offering represents exceptional value in West Hollywood's premier full-service community. Property is being sold with a stable, long-term Tenant, offering immediate rental income in one of LA's most sought-after lifestyle communities. Tenant-occupied; 24-hour notice required for showings.
Location
Financial Information
List Price: $ 699000
Property Features
Appliances: Dishwasher, Disposal, Microwave, Refrigerator
Association Amenities: Pool, Sauna, Security
Association Fee Frequency: Monthly
Community Features: Gated, Pool
Flooring: Tile, Wood
Furnished: Furnished
Heating: Central
Levels: One
Parking Features: Assigned, Garage, Gated
Pool Features: Association, Community, Heated
Senior Community YN: false
Spa Features: Association, Community, Heated
Senior Community YN: false
MLS Area Major: C10 - West Hollywood Vicinity
City: West Hollywood
Listed By:   Cristie St. James   Berkshire Hathaway HomeServices California Properties 
Co-listed by
Markus Canter  
CA Lic#
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