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8535 Colgate Avenue

Los Angeles (City), CA 90048
  • $4,350,000
  • STATUS: Active Under Contract
  • ON SITE: 229 Days
  • ID#: 23306721
Under Contract
UPDATED: 133 min ago
$4,350,000
  • 10
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,614
    SQFT
  • $571
    $/SQFT
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): Bryan Glenn of Kidder Mathews of California, Inc. (858-369-3010)


Description

8535 Colgate Ave is AN INCREDIBLE INVESTMENT AND THE ULTIMATE OWNER-OCCUPANT APARTMENT BUILDING. This is a one-of-a-kind property located at the intersection of Beverly Hills and West Hollywood. The property has three VACANT, fully furnished and designer-renovated units! No expense has been spared and no detail missed from the designer wallpaper to the custom-made furniture and right down to the place settings, everything has been done in style. This condo-quality 6-unit apartment building is a truly unique opportunity for an investor or owner-user to acquire a stunning pride of ownership building that's steps from Burton Way and across the street from 8500 Burton, Trader Joe's and the SLS Hotel. The property offers a rare and ideal combination of having undergone an extensive renovation while still maintaining huge rental upside and unlocked value potential. The property also features smart thermostats, mounted televisions, custom window treatments, and built-in modern closets with jewelry drawers! Most units even include a private patio or balcony. There are so many things that set this boutique building apart including the fact that the apartments throughout the building have no shared walls. There are only two apartments per floor with an upgraded elevator that opens to private lobbies. 8535 Colgate is steps from Restaurant Row, Cedars Sinai, the retail on Robertson and the Beverly Center. You will not find a location that's surrounded by more dining, entertainment and nightlife options. The quality of the property and the immaculate location make this a one-of-a-kind opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T13:40:46.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/143175932
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8535 Colgate Avenue Los Angeles (City), CA 90048

  • Price: $4,350,000
  • Status: Active Under Contract
  • On Site: 229 Days
  • Updated: 133 min ago
  • ID#: 23306721
10
Beds
0
Baths
0
½ Baths
0.12
Acres
7,614
SQFT
$571
$/SQFT
1960
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
8535 Colgate Ave is AN INCREDIBLE INVESTMENT AND THE ULTIMATE OWNER-OCCUPANT APARTMENT BUILDING. This is a one-of-a-kind property located at the intersection of Beverly Hills and West Hollywood. The property has three VACANT, fully furnished and designer-renovated units! No expense has been spared and no detail missed from the designer wallpaper to the custom-made furniture and right down to the place settings, everything has been done in style. This condo-quality 6-unit apartment building is a truly unique opportunity for an investor or owner-user to acquire a stunning pride of ownership building that's steps from Burton Way and across the street from 8500 Burton, Trader Joe's and the SLS Hotel. The property offers a rare and ideal combination of having undergone an extensive renovation while still maintaining huge rental upside and unlocked value potential. The property also features smart thermostats, mounted televisions, custom window treatments, and built-in modern closets with jewelry drawers! Most units even include a private patio or balcony. There are so many things that set this boutique building apart including the fact that the apartments throughout the building have no shared walls. There are only two apartments per floor with an upgraded elevator that opens to private lobbies. 8535 Colgate is steps from Restaurant Row, Cedars Sinai, the retail on Robertson and the Beverly Center. You will not find a location that's surrounded by more dining, entertainment and nightlife options. The quality of the property and the immaculate location make this a one-of-a-kind opportunity.
Exterior Features

Attached Garage YN Yes Carport YN Yes Parking Features Attached CarportGarageTandem Parking Total 8

Interior Features

Appliances DishwasherGas OvenRefrigerator Cooling Central AirWall/Window Unit(s) Cooling YN Yes Heating Natural Gas Heating YN Yes

Property Features

Association YN No Disclosures Rent Control Garage YN Yes Gross Income 260777 Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 161146 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3 Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T13:40:46.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Bryan Glenn of Kidder Mathews of California, Inc. (858-369-3010)