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$ 6,650,000
Est. payment | /mo
18,524 SqFt
$ 6,650,000
Est. payment | /mo
18,524 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 18,524 sqft
Price per Sqft $358
MLS Listing ID CL24469965
HOA Y/N No
Year Built 1961
Lot Size 0.365 Acres
Acres 0.37
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 sophis
Location
State CA
County Los Angeles
Area Listing
Zoning WDR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5528018046
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Listed by Michael Sterman • Marcus & Millichap
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AnnMarie Barajas
Partner | Lic# DRE# 01898810