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$2,600,000
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Property Description
We are pleased to present 1016 N Crescent Heights Blvd., West Hollywood, a rare 8-unit multifamily investment opportunity in one of Los Angeles' most prestigious rental markets. The property features an ideal unit mix of all two-bedroom, two-bathroom apartments, providing exceptional tenant appeal and strong rent growth potential. Six of the eight units will be delivered vacant at closing, giving investors the immediate ability to renovate and capture top-of-market rents in a high-demand submarket with historically low vacancy rates.
Positioned in a highly walkable neighborhood surrounded by premier dining, shopping, nightlife, and entertainment, the property benefits from consistently strong rental demand. Each unit is separately metered, minimizing operating expenses, and the building's clean exterior and well-maintained condition enhance its curb appeal. Opportunities to acquire a property of this caliber with such significant value-add potential in West Hollywood are exceedingly rare, making 1016 N Crescent Heights Blvd. an outstanding choice for investors seeking both immediate income growth and long-term appreciation. Trophy property!
Full Property Details
Full Property Details for 1016 N Crescent Heights Blvd
General
- Sold For: $2,600,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR25183943
- Added to Site: 159 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area, Community
Additional Information
- Pool Description: None
Location
- Area: C10 - West Hollywood Vicinity
- County: Los Angeles
- Development Name: C10 - West Hollywood Vicinity
- Driving Directions: N Crescent Heights & Santa Monica Blvd.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 9
- # Electric Meters: 9
Structural Information
- Entry Location: Street
- Stories/Levels: Two,Three Or More
- Stories Description: Two, Three Or More
- Square Feet: 7,650
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.1504
- Lot Size Source: Assessor
- Zoning: WDR3C*
- Lot Description: Walking Street, Yard
Financial Considerations
- Price Per Sq. Ft.: $339.87
- Price Per Unit: 325000
Listed and Sold by Keller Williams Realty Calabasas, Akash Saini
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Schools
Schools serving 1016 N Crescent Heights Blvd
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Laurel Elementary School, Los Angeles, CA 925 N. Hayworth Ave., Los Angeles, CA 90046 | K-8 | 0.2 mi |
Fairfax Senior High School 7850 Melrose Avenue, Los Angeles, CA 90046 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1016 N Crescent Heights Blvd
Date
Details
Price
Change
Source
8/20/2025
Sold
$2,600,000
—
MLS
8/14/2025
Listed
$2,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1016 N Crescent Heights Boulevard, Los Angeles, CA 90046 (MLS# SR25183943) is a Multi-Family property that was sold at $2,600,000 on August 20, 2025. Want to learn more about 1016 N Crescent Heights Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

