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Property Description
1018 – 1020 N Alfred Street is a generational opportunity to acquire two side by side, well maintained properties at the crossroads of West Hollywood and the City of Los Angeles. 18 spacious units with a mix of two (2) 2+1s and sixteen (16) 1+1s. Irreplaceable location north of Melrose Avenue, South of Santa Monica Boulevard. 52% upside in rents, 7.9% Market CAP rate, four 2 car garages (that have ADU conversion possibility) and 23 on-site parking spaces. 4 units can be delivered vacant.*Potential for development*. Extremely desirable area walkable to the best of West Hollywood, the retail and restaurants of Melrose Avenue, Sunset Boulevard and Beverly Hills.
Features
: Wall Furnace
: Wall/window Unit(s)
: City Lights
2
: Community
0
Additional Information
Zacuto Group
0
CLW-X93653
CLW-X81658
Jacob
5529007028
: Standard
Two
32
Multi-Family For Sale
1020 Alfred Street, West Hollywood, California 90069
14,480 Sqft
$6,495,000
Listing ID #24384297
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24384297
Price : $6,495,000
Living Area : 14,480 Sqft
Lot Size : 17,449 Sqft
Year Built : 1950
Country : US
State : California
County : Los Angeles
City : West Hollywood
Zipcode : 90069
Price Per Square Foot : $449
ModificationTimestamp : 2024-05-03 05:12:37