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$3,195,000
2 Days On Site

8016 Selma Avenue
Los Angeles, CA 90046

For Sale|Residential Income|Coming Soon
12
Beds
12
Total Baths
9,884
SqFt
$323
/SqFt
1937
Built
County:
Los Angeles
Listed by Horace Davenport of Keller Williams Larchmont [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

8016 Selma Avenue8016 Selma Avenue8016 Selma Avenue8016 Selma Avenue
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First time on the market in over 65 years! This spectacular French Normandy courtyard style building has been held by the same family through 7 decades. Prize location, just 2 blocks from the legendary Chateau Marmont, at the east entry of the Sunset Strip. 8 generously proportioned units comprised of 4 -2 bedroom/ 2bath townhouse style units and 4- 1 bedroom/1 bath units sited on a lot of over 14000 square feet! Character abounds! Original stained glass living room windows, kitchens with floor to ceiling tiled walls, decorative fireplace mantles and iron work, warm original hardwood flooring in excellent condition, magnesite stairways. All units have their own rear service entrance as well as laundry hook-ups. Built in 1937, only 5 years after the Chateau was converted to a hotel, the history in these walls is palpable! Lovingly maintained, through the years. All of the main electrical boxes have been upgraded, 6 of the 8 units have had their interior panels upgraded. 80% of the plumbing supply lines have been replaced. 2 4-car garages at the rear with a remote operated gate offer ample and secure off-street parking for each unit. Income of almost $200,000 per year, yet room to grow by 50% with these 8 units alone, to say nothing of potential additional development opportunities afforded by the oversized lot! This is a trophy building in an iconic and upscale location waiting to reward your stewardship with income and genuine pride of ownership through the next several decades. Call agent for details.

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Listing Snapshot
Price 
$3,195,000
Days On Site 
2 Days
Bedrooms 
12
Inside Area (SqFt) 
9,884 sqft
Total Baths 
12
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3352 Acres
Year Built 
1937
MLS® Number 
26672285
Status 
Coming Soon
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 days agoListing updated with changes from the MLS®
2 days agoListing first seen on site
General Features
Acres 
0.3352
Direction Faces 
North
Disclosures 
RentControl
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Parking 
CoveredDrivewayGated
Parking Spaces 
10
Special Circumstances 
Standard
SqFt Total 
9884
Zoning 
LAR3
Interior Features
Appliances 
Washer/Dryer Stacked
Cooling 
Wall/Window Unit(s)
Fireplace 
Yes
Fireplace Features 
Decorative
Flooring 
TileWood
Heating 
Gravity
Interior 
Ceiling Fan(s)Crown Molding
Laundry Features 
Inside
Bathroom 
Kitchen 
Features - Tile Counters
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Exterior Features
Pool Features 
None
Roof 
Rolled/Hot Mop
Spa Features 
None
View 
City LightsHills
Waterview 
City LightsHills
Community Features
Building Access 
Foyer
MLS Area 
C03 - Sunset Strip - Hollywood Hills West


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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