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8535 Colgate Avenue

Los Angeles (City), CA 90048
  • $4,350,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: 23306721
$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

How many buildings for sale look this good and are in this good of a location? 8535 Colgate Ave is a one-of-a-kind building located at the intersection of Beverly Hills and West Hollywood. 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. Three of the units have been designer renovated and are fully furnished. 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. What more could you ask for? Well, how about 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 2023-09-24T00:28:43.64. 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 Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/143175932
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8535 Colgate Avenue Los Angeles (City), CA 90048

  • Price: $4,350,000
  • Status: Active
  • On Site: 16 Days
  • 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
How many buildings for sale look this good and are in this good of a location? 8535 Colgate Ave is a one-of-a-kind building located at the intersection of Beverly Hills and West Hollywood. 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. Three of the units have been designer renovated and are fully furnished. 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. What more could you ask for? Well, how about 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 2023-09-24T00:28:43.64. 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 Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Bryan Glenn of Kidder Mathews Of California, Inc. (858-369-3010)