1018 - 1020 N Alfred Street s 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 big units with a mix of two (2) 2+1s and sixteen (16) 1+1s. Irreplaceable location north of Mel rose 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.

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on 1020 N Alfred St
in West Hollywood, CA
Presented by Jacob Zacuto at
Zacuto Group.


Property MLS #24-384297 from TheMLSCLAW

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 20

+ Bathrooms

Total Bathrooms: 18
Full Bathrooms: 18

+ Appliances

Laundry Facilities: Community
Laundry Features: Community

+ Heating and Cooling

Cooling Features: Wall/Window
Heating Features: Wall

+ Interior Features

Flooring: Wood

+ Land Info

Lot Size Acres: 0.4005739
Lot Size Square Feet: 17449

+ Garage and Parking

Garage Description: Detached, Assigned
Parking Total: 23

+ Home Features

View: City Lights, Tree Top

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 2
Number of Units: 18
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 7600, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 48000

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.5
Directions: South of Santa Monica Boulevard, North of Melrose Avenue
Source Property Type: Residential Income
Area: West Hollywood Vicinity
Source Neighborhood: West Hollywood Vicinity
Parcel Number: 5529-007-028
Postal Code Plus 4: 4761
Zoning: WDR3C
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-04-26
$6,495,000
TheMLSCLAW

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Listing removed 2024-01-03
$0
TheMLSCLAW

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Listed 2023-05-23
$6,995,000
TheMLSCLAW

+ Commercial Info

Net Operating Income: 291310

+ Building and Construction

Total Square Feet Living: 14480
Year Built: 1950
Levels: Two Level
Property Age: 74
Levels or Stories: 2
Building Total Stories: 2
House Style: Country English
Year Built Source: Vendor Enhanced
Architectural Style: Country English

+ Display Complete School Details

Rosewood Avenue Elementary School, School for Advanced Studies is a public elementary school located approximately 0.6 miles away.
Map directions

Fairfax Senior High School is a public high school located approximately 1 miles away.
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Hubert Howe Bancroft Middle School is a public middle school located approximately 2.2 miles away.
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Pacific Hills School is a private middle and high school located approximately 0.3 miles away.
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