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934 N La Jolla Avenue, West Hollywood, California 90046, West Hollywood, 90046 - 4 bed, 4 bath

934 N La Jolla Avenue, West Hollywood, California 90046 home-pic-0
ACTIVE$2,195,000
934 N La Jolla Avenue, West Hollywood, California 90046
4Beds
4Baths
2,463Sqft
6,157Lot
Year Built
1924
Close
-
List price
$2.19M
Original List price
$2.19M
Price/Sqft
$891
HOA
-
Days on market
-
Sold On
-
MLS number
25546927
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.19M(45th), sqft - 2463(57th), beds - 4(67th), baths - 4(64th).

This tri-plex will be delivered FULLY VACANT an exceptional opportunity in the heart of West Hollywood's vibrant and highly sought-after neighborhood! Situated just moments from the famed Melrose Avenue shops, Sunset Strip nightlife, and The Grove, this property offers unparalleled access to some of the best dining, shopping, and entertainment in Los Angeles. With a 93 Walker's Paradise rating, residents can easily access daily errands, fine dining, and entertainment without needing a car. The triplex includes a spacious 2-bed, 1.5-bath unit, a 1-bed, 1-bath unit, and a detached 1-bed, 1-bath unit, allowing for flexible income potential or multi-generational living. Perfect for investors or owner-users, this West Hollywood gem presents rare potential in a prestigious​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ area!

Price History

Date
Event
Price
07/06/17
Sold
$1,575,000
10/29/98
Sold
$430,000
Condition Rating
Poor
Built in 1924, this property is over 100 years old. While the exterior appears maintained and some appliances in the kitchen are newer stainless steel, the overall condition of the interiors, particularly the kitchen and bathrooms, is very dated. The kitchen features old cabinets and laminate countertops, requiring a full renovation. The bathroom has very old-fashioned blue/grey tiling, an outdated sink, and jalousie windows, indicating a need for complete modernization. The property analysis also notes 'potential for outdated systems (plumbing, electrical)' and 'significant capital investment' to meet contemporary expectations. These are substantial repairs and rehabilitation, aligning with a 'Poor' condition score, despite being functional.
Pros & Cons

Pros

Prime West Hollywood Location: Situated in the heart of West Hollywood, offering unparalleled access to Melrose Avenue shops, Sunset Strip nightlife, and The Grove, appealing to a wide range of tenants or owner-users.
Exceptional Walkability: Boasts a '93 Walker's Paradise' rating, allowing residents to easily access daily errands, dining, and entertainment without the need for a car, enhancing lifestyle and rental appeal.
Income-Generating Triplex: Comprising a 2-bed/1.5-bath unit, a 1-bed/1-bath unit, and a detached 1-bed/1-bath unit, providing flexible income potential or multi-generational living arrangements.
Delivered Fully Vacant: The property will be delivered fully vacant, offering immediate flexibility for new ownership to set market rents, renovate, or occupy units without tenant relocation complexities.
Versatile Investment/Owner-User Opportunity: Presents a rare opportunity for both investors seeking strong rental income in a high-demand area and owner-users looking for a primary residence with supplemental income.

Cons

Historic Property Age: Built in 1924, the property is over 100 years old, which may imply potential for deferred maintenance, outdated systems (plumbing, electrical), and higher renovation costs to modernize.
Potential for Outdated Interiors: The description does not highlight any recent renovations or modern finishes, suggesting the units may require significant capital investment to meet contemporary tenant expectations and maximize rental value.
Listing Price vs. Estimated Value: The current list price of $2,195,000 is higher than the estimated property value of $2,058,867, which could indicate an aggressive pricing strategy or require strong justification through property condition or market comparables.

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