515 N Alfred St, West Hollywood, CA 90048 – 24-469965

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$6,650,000

Est. payment - /mo

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33 BD

32 BA

18,524 SqFt

Pending

515 N Alfred St West Hollywood, CA 90048

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Marlyn Kamibayashiyama

marlyn4k@gmail.com +1(702) 325-8918

UPDATED:

12/11/2024 12:06 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 18,524 sqft

Price per Sqft $358

MLS Listing ID 24-469965

Bedrooms 33

Year Built 1961

Lot Size 0.365 Acres

Acres 0.3654

Property Description

We are pleased to present 515 N Alfred St, a rare 18-unit apartment building in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built in 1961, the property consists of (4) one-bedroom + one-bathroom units, (13) two-bedroom + two-bathroom units, and (1) unique owner's penthouse, with three-bedrooms + 2 bathrooms, and breathtaking views. Located on a charming, tree-lined street, the building is 18,254 gross square feet and sits on a 15,919-square-foot lot. Residents enjoy unparalleled access to world-class dining, retail shops, and entertainment along the renowned Sunset Strip and Santa Monica Blvd, with Beverly Hills and Hollywood just minutes away. This prime location ensures excellent connectivity via La Cienega Blvd and Santa Monica Blvd, offering both lifestyle and convenience. The building's resort-style layout offers an inviting atmosphere, perfect for tenants seeking a luxurious living experience. With lovely, responsible tenants in place and easy maintenance features, this property promises a hassle-free investment. It presents a value-add investment opportunity, offering a 4.22% initial CAP rate with the potential to achieve 7.04% once units turnover. Don't miss your chance to own a piece of this thriving community where culture and sophistication meet.***Unit 209 was occupied by the Seller through an Owner Occupancy Eviction around May 2017. This unit will be delivered Vacant at close of escrow. Please contact agent for details regarding Owner Occupancy Evictions in the City of West Hollywood.

Location

State CA

County Los Angeles

Area West Hollywood Vicinity

Zoning WDR3C*

Rooms

Other Rooms None

Interior

Heating Other

Cooling Window Unit(s)

Equipment None

Exterior

Parking Features Covered Parking

Building

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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+1(702) 325-8918

marlyn4k@gmail.com