• 8535 Colgate Avenue Los Angeles, CA 90048

  • $4,350,000
  • 10
    Bed(s)
  • 0
    Baths
  • 7,614
    Sq Ft
  • 5197
    Sqft
  • Listed By: Bryan Glenn, Kidder Mathews of California, Inc., DRE #01441095
  • Source: CRMLS

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.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1044900339 1 1 0 0
2 1044900339 1 1 0 0
3 1044900339 2 2 0 0
4 1044900339 2 2 0 0

Property Details

 

Bedroom Information

Total Bedrooms : 10

Bathroom Information

Total Baths: 10

Full Baths: 0

Half Baths: 0

Interior Features

Property Appliances: Dishwasher,Gas Oven,Refrigerator

Cooling Features

Central Air,Wall/Window Unit(s)

Air Conditioning

Heating Source

Natural Gas

Has Heating

Building Information

Year Built: 1960

Building Area Total: 7,614

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1193

Lot Size Source: Assessor

Lot Size Square Feet: 5197

Listing Price Information

Original List Price: 4,350,000

Listing Contract Date: 2023-09-05

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4334016040

Garage and Parking

Garage Description: Attached Carport,Garage,Tandem

Attached Garage: Yes

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active Under Contract

Source Neighborhood: C19 - Beverly Center-Miracle Mile

Postal Code Plus 4: 4021

Directions: South of Burton Way and west of La Cienega Blvd.

Zoning: LAR3

Source Property Type: Residential Income

Area: C19 - Beverly Center-Miracle Mile

Building and Construction

Property Age: 64

Year Built Source: Vendor Enhanced

Total Square Feet Living: 7614

Levels or Stories: One

Building Total Stories: 1

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9000 W 3rd Street #PENT.., Los Angeles, CA,90048 $27,000,000 -- -- 12,700 56037 Sqft
9000 W 3rd Street #503, Los Angeles, CA,90048 $5,000,000 2 2 2,480 56037 Sqft
9000 W 3rd Street #902, Los Angeles, CA,90048 $6,900,000 2 2 2,512 56037 Sqft
9000 W 3rd Street #209, Los Angeles, CA,90048 $4,495,000 2 3 2,835 56037 Sqft
9000 W 3rd Street #104, Los Angeles, CA,90048 $3,000,000 2 3 2,400 56037 Sqft
132 N Swall Drive #201, Los Angeles, CA,90048 $1,785,000 2 2 1,450 11660 Sqft
322 S Swall Drive, Los Angeles, CA,90048 $3,200,000 10 -- 6,850 5405 Sqft
9000 W 3rd Street #305, Los Angeles, CA,90048 $2,750,000 1 2 1,418 56037 Sqft
448 N Laurel Avenue, Los Angeles, CA,90048 $2,695,000 3 2 2,297 6540 Sqft
6626 W 6th Street, Los Angeles, CA,90048 $2,150,000 6 -- 3,567 5937 Sqft

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ByOwner last updated this listing 05/05/2024 @ 19:37

MLS: 23306721
LISTED BY: Bryan Glenn, Kidder Mathews of California, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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