CA > West Hollywood
West Hollywood, CA 90069,1216 N La Cienega Blvd
West Hollywood, CA 90069,1216 N La Cienega Blvd
West Hollywood, CA 90069,1216 N La Cienega Blvd
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$10,995,000
Est. payment /mo
13 Beds
14 Baths
17,282 SqFt
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UPDATED:

07/26/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,282 sqft

Price per Sqft $636

MLS Listing ID 24-404213

Style Architectural

Bedrooms 13

Year Built 1928

Lot Size 0.347 Acres

Acres 0.3468

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 West Hollywood Vicinity

Zoning WDR4*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Dryer, Dishwasher, Cable, Freezer, Range/Oven, Refrigerator, Washer, Built-Ins

Laundry In Unit

Exterior

Garage Auto Driveway Gate, Parking for Guests, Private

Garage Spaces 17.0

Pool None

Building

Story 3

Architectural Style Architectural

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Douglas Elliman

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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