1216 N Crescent Heights Blvd, West Hollywood, CA 90046

Property Description

Standout opportunity to acquire a quality midcentury modern multi-family asset with significant rental upside and ASSUMABLE 2.91% FINANCING UNTIL 2028. This charming and beautifully landscaped courtyard-style building was extensively remodeled in 2016 and has been enhanced in the years since. Crescent is ideally situated 500 ft from Santa Monica Blvd and close to everything West Hollywood has to offer, from an array of retail amenities to dining and endless entertainment options.

Consisting of an optimal unit mix of 7 one-bedroom, 8 two-bedroom and 4 three-bedroom residences, this well-maintained property with 19 residences features gated subterranean parking, secured access entry and a laundry facility. 13 of the 19 units have been remodeled with new flooring, in-unit washer/dryers, fully equipped kitchens with stainless steel appliances, modern bathrooms and spacious closets. Crescent is located in the highly desirable and high demand West Hollywood rental market that draws creative residents from the fashion, entertainment, culinary, art, architecture and design industries. West Hollywood is also a world-famous destination for entertainment venues such as the Comedy Store, The Roxy, The Whiskey Night Club, and many others located just north of the property along the Sunset Strip.