1000 Hammond Street, West Hollywood, CA 90069

This apartment building offers 12 residential units configured as 8 one-bedroom units, 2 two-bedroom units, and 2 large studio units. Units feature huge balconies, and the property includes available parking and storage. According to the seller, the building was built in the late 1950s with work dated 2020, and the gross annual income is approximately $350,000, which includes two vacant units. Operating expenses are listed at approximately $12,000, with property tax approximately $70,000 and property insurance approximately $20,000.

The property is located at 1000 Hammond Street in West Hollywood, California. The seller reports a land area of 7,000 SF and a built size/GLA of 9,000 SF, and notes the presence of currently vacant units (a 2+2 and a single).

For buyers or operators seeking stabilized multifamily income with room to implement leasing and tenant mix improvements, the current vacancies provide an immediate path to occupancy. In addition, the seller has an RTI plan to convert approximately 3,000 SF of existing dead space into 2 additional two-bedroom units (2+2), subject to city approval. The seller states this conversion could potentially increase annual NOI by at least $180,000, and buyers are instructed to verify requirements independently and confirm the sale cannot be contingent on the city approval outcome.