515 N Alfred Street, West Hollywood, CA 90048
-
Listed Price :
$6,650,000
-
Beds :
33
-
Baths :
32
-
Property Size :
18,524 sqft
-
Year Built :
1961
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.
Interior Features
| Bedroom Information |
| Bedrooms |
33 |
| Bathroom Information |
| Bathrooms |
32 |
Listing Information
| Address |
515 N Alfred Street |
| City |
West Hollywood |
| State |
CA |
| Zip |
90048 |
| County |
Los Angeles |
| Listing Agent |
Michael Sterman DRE #01911703 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$6,650,000 |
| Status |
Pending |
| Type |
Residential Income |
| Structure Size |
18,524 |
| Lot Size |
15,919 |
| Year Built |
1961 |
Listing information courtesy of: Michael Sterman, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 11th, 2024 at 1:28 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
