Property Detail

1020 Alfred

West Hollywood CA 90069

$6,495,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of Jacob Zacuto of Zacuto Group. Last updated 2024-05-06 08:11:18.000000. Listing information © 2023 CRMLS.

Linda Lederer Bernstein

Linda Lederer Bernstein

DRE #1527365
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