Pending
515 N Alfred St
West Hollywood CA, 90048
$6,650,000
$358.99 per sqft
Pending
33 Beds
32 Baths
18,524 sqft
Multi-family
Built in 1961
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.
24-469965
MLSⓇ ID
December 6, 2024
Listed
December 11, 2024
Updated
Map
515 N Alfred St
West Hollywood CA, 90048
Interior Features
Total Stories
0
Bedrooms
33
Total Bathrooms
32
Appliances
None
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.37 Acres
Other Property Details
Area Name
West Hollywood Vicinity
Days on Market
4
Garage
No
Parking
Covered Parking
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
WDR3C*
Listing History
Date | Event | Price |
---|---|---|
12/11/2024 | Pending | — |
Listed by Michael Sterman with Marcus & Millichap
Listing Contact: 818-943-2319
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Kumar Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/11/2024