West Hollywood, CA 90069 1020 N Alfred Street

$6,495,000

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Presented By: Jacob Zacuto with Zacuto Group
  • MLS# 24384297
  • 04/25/2024
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  • Beds • 20
  • Baths • 18
  • SQFT • 14,480
  • Garage • 2

Home Details

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.
Presented By: Jacob Zacuto with Zacuto Group

Interior Features for 1020 N Alfred Street

Bedrooms

Total Bedrooms20

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths18

Other Interior Features

LivingAreaSourceOther
Air Conditioning Y/NYes
FlooringWood
Heating Y/NYes
Laundry FeaturesCommon Area
Street SuffixStreet
Total Stories2

General for 1020 N Alfred Street

Attached Garage No
Buyer Agent Compensation2.000
Buyer Agent Compensation Type%
Cap Rate4.5
CityWest Hollywood
CoolingWall/Window Unit(s)
CountyLos Angeles
Days on Market8
DirectionsSouth of Santa Monica Boulevard, North of Melrose Avenue
Gross Income439744
HOA / Comm AssnNo
HeatingWall Furnace
LevelsTwo
Lot Size Square Feet17449
MLS AreaC10 - West Hollywood Vicinity
Net Operating Income291310
New ConstructionNo
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories2
Street NameAlfred
Total Units18
ViewCity Lights
View Y/NYes
Year Built1950
ZoningWDR3C*

Exterior for 1020 N Alfred Street

Building Area Total14480
Lot Size Acres0.4006
Lot Size Area17449
Lot Size SourceOther
Lot Size UnitsSquare Feet
Number of Buildings2
Parking FeaturesAssigned
Total Parking23

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $6,495,000
MLS#24384297
List Date 04/25/2024
Property Type Income
Phone 310.658.1749
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