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515 N Alfred Street, West Hollywood, CA, 90048

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$6,650,000
6 Days On Site

515 N Alfred Street
West Hollywood, CA 90048

For Sale|Residential Income|Pending
33
Beds
32
Full Baths
0
Partial Baths
18,524
SqFt
$359
/SqFt
1961
Built
County:
Los Angeles

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Monthly Payment (Est.)

$30,340
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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.

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Listing Snapshot
Price 
$6,650,000
Days On Site 
6 Days
Bedrooms 
33
Inside Area (SqFt) 
18,524 sqft
Total Baths 
32
Full Baths 
32
Partial Baths 
N/A
Lot Size 
0.3654 Acres
Year Built 
1961
MLS® Number 
24469965
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
2 days agoStatus changed to Pending
6 days agoListing first seen on site
General Features
Acres 
0.3654
Disclosures 
Familial Relation
Parking 
Covered
Special Circumstances 
Standard
SqFt Total 
18524
Stories 
Two
Zoning 
WDR3C*
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Community Features
MLS Area 
C10 - West Hollywood Vicinity
Listing courtesy of Michael Sterman of Marcus & Millichap
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Based on information from the The MLS as of 2024-12-12 04:20 AM UTC. 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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