Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1216 La Cienega Boulevard, West Hollywood, CA 90069
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    1216 La Cienega Boulevard
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    • MLS#: 24404213 ( )
    • Street Address: 1216 La Cienega Boulevard
    • Viewed: 21
    • Price: $10,995,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1928
    • Bldg sqft: 0
    • Days On Market: 275
    • Additional Information
    • County: LOS ANGELES
    • City: West Hollywood
    • Zipcode: 90069
    • Provided by: Douglas Elliman
    • Contact: Cory Cory
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Appliances
    1. Dishwasher
    2. Refrigerator
    Building Area Total
    1. 17282.00
    Cooling
    1. Central Air
    Country
    1. US
    Heating
    1. Central
    Laundry Features
    1. Washer Included
    2. Dryer Included
    Levels
    1. Multi/Split
    Netoperatingincome
    1. 462545.00
    Parcel Number
    1. 5555002013
    Parking Features
    1. Auto Driveway Gate
    2. Guest
    3. Private
    Pool Features
    1. None
    Postalcodeplus4
    1. 2415
    Security Features
    1. Card/Code Access
    2. Automatic Gate
    Sourcesystemkey
    1. 24-404213:CLAW
    Spa Features
    1. None
    Totalexpenses
    1. 118971.00
    Views
    1. 21
    Year Built
    1. 1928
    Zoning
    1. WDR4*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836