561 N Sweetzer Avenue

Description

We are pleased to exclusively present The Sweetzer Apartments, a rare opportunity to acquire a well-located 9-unit multifamily investment situated just south of Melrose Avenue at the highly desirable corner of Sweetzer Avenue and Clinton Street, in the heart of West Hollywood.Offered at $3,190,000, 561 N. Sweetzer Avenue represents a unique opportunity to acquire a quality asset in one of Los Angeles' most supply-constrained and consistently high-demand rental submarkets. The property is positioned within an upscale residential enclave characterized by tree-lined streets, luxury single-family homes, and boutique apartment buildings, offering an ideal balance of neighborhood charm and urban accessibility.Located just steps from Melrose Place and minutes from the West Hollywood Design District, the property benefits from exceptional walkability to some of Los Angeles' premier dining, fashion, and lifestyle destinations. This highly sought-after location continues to attract strong renter demand driven by its proximity to major employment centers, creative offices, and world-renowned retail corridors.The property consists of nine thoughtfully laid-out apartment homes in a classic mid-century walk-up configuration. Situated on a prominent corner lot with dual street frontage, the building offers excellent curb appeal, abundant natural light, and strong visibility. The unit mix includes a combination of one, two, and three-bedroom residences, providing broad tenant appeal and income stability.Five of the nine units have been remodeled with updated finishes including new flooring, appliances, countertops, and in-unit washer/dryers. The remaining four units present clear value-add potential through continued interior upgrades and common area enhancements. The property currently features a stable rent roll with several long-term tenants paying below-market rents, providing meaningful upside opportunity for future ownership.West Hollywood remains one of the most desirable and high-barrier-to-entry multifamily markets in Southern California, with extremely limited new supply and sustained demand driven by its central location and lifestyle appeal. The property is conveniently located near major destinations including the West Hollywood Design District, Beverly Center, Cedars-Sinai Medical Center, Sunset Strip, and The Grove.Surrounded by iconic retail and dining destinations such as Alfred Coffee, Catch Steak, Nobu, Craig's, Cucina Alba, Drake's, Violet Grey, and The Row, the location offers tenants an unparalleled live-work-play environment that continues to drive long-term rent growth and strong occupancy fundamentals.561 N. Sweetzer Avenue presents an ideal opportunity for investors seeking a well-located, stable asset with strong in-place income and a clear path to future appreciation through strategic unit upgrades and operational improvements.This is a rare chance to acquire a 9-unit property in one of Los Angeles' most iconic and enduring multifamily submarkets!