Listing provided courtesy of Jacob Zacuto of Zacuto Group. Last updated 2024-11-23 09:11:37.000000. Listing information © 2024 Sandicor.
Asking Price: $6,495,000 |
1020 Alfred, West Hollywood CA 90069
Community: C10 - West Hollywood Vicinity
This property was built in 1950 and is priced at $6,495,000. Please see the additional details below.
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.
