1020 North Alfred Street

West Hollywood, CA 90069

$6,495,000
Price
20
Beds
18
Baths
14,480 Sq. Ft.
$449 / Sq. Ft.
14,480
Sq. Ft.
$449
per Sq. Ft.

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...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.
  1. Listed by Jacob Zacuto • DRE #01377441 • Brokerage DRE #01377441 • Zacuto Group

Property Details for 1020 North Alfred Street

Zoning
WDR3C*
Style
Country English
Parcel Number
5529007028
Total Units
18.0
Living Area
14480
Source Living Area
Other
Area
West Hollywood Vicinity (C10)
Vacancy Rate
4
LISTING UPDATED: 05/03/2024 12:01 AM

Property Details for 1020 North Alfred Street

StatusActive
MLS #24-384297
Days on Market222
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.40 AC / 17,449 SF
CountyLos Angeles County

Building Information for 1020 North Alfred Street

Stories2Residences-Year Built1950Building Size-Lot Size0.40 AC / 17,449 SF

Property Information for 1020 North Alfred Street

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Mix
  • View: Yes
  • View Description: City Lights, Tree Top
  • View: City Lights
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $426,552
  • Net Operating Income: $291,310.00
  • Gross Income: $439,744
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $14.76
  • Total Annual Expense: 135242
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2512
  • Lot Size Square Feet: 17449
Parking Details
Parking Details
  • Parking Garage: Detached, Assigned
  • Total Parking: 23
  • Parking Features: Assigned
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window, Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood
  • Equipment: Other
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,404.00
  • Unit Actual Rent: $4,404.00
  • Unit Projected Rent: $7,600.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $32,110.00
  • Unit Actual Rent: $32,110.00
  • Unit Projected Rent: $48,000.00
  • Like Units: 16
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $166,089.00
  • Assessed Improvement Percent: 54.76
  • Assessed Land Value: $137,207.00
  • Assessed Land Percent: 45.24
  • Assessed Total Value: $303,296.00

Property History for 1020 North Alfred Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1020 North Alfred Street

Taxable ValueLand$142,750Additions$175,198Total$317,948
Tax Record2024$7,132 ($594 / month)
Home Facts
Total Finished SqFt8,040 SqFtAbove Grade Finished SqFt8,040 SqFtLot Size10,954 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningWDR3C*CountyLOS ANGELESAPN5529-007-028

Schools near 1020 North Alfred Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Rosewood Avenue Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1020 North Alfred Street is a multi-family home for sale in West Hollywood, CA 90069. This property was listed for sale on April 25, 2024 by Zacuto Group, it's currently listed at $6,495,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Rosewood Avenue Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 1020 North Alfred Street is a 20-bed, 18-bath, 14,480 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Zacuto Group, Jacob Zacuto, DRE #01377441

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.