8535 Colgate Avenue Los Angeles, CA $ 4,350,000
8535 Colgate Avenue
$ 4,350,000
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8535 Colgate Avenue

Los Angeles, CA, 90048
$ 4,350,000
Bedrooms10 Baths10.0 Sq 7,614

Monthly Estimate*

$ 30,386

Listed by Kidder Mathews of California, Inc.
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Multi-Family Home for sale in Los Angeles, CA

for $4,350,000 with 10 bedrooms and 10 full baths. This 7,614 square foot home was built in 1960 on a lot size of 0.1193.

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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Multi-Family Active

Price

$ 4,350,000

Bedrooms

10

Full Bath

10

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1193

Year Built

1960

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23306721

Days on Market

236

Features
General
Heating NaturalGas
Cooling CentralAir WallWindowUnits
Appliances Dishwasher GasOven Refrigerator
Zoning LAR3
Year Built 1960
Stories 1
Levels One
Gross Income 260777.0
County Los Angeles
Net Operating Income 161146.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage Y
Garage Y/N Y
Special Listing Conditions Standard
Status ActiveUnderContract
Directions South of Burton Way and west of La Cienega Blvd.
City Los Angeles
Disclosures RentControl
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area C19 - Beverly Center-Miracle Mile
Lot Size Square Feet 5197.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Colgate
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 155
Standard Status ActiveUnderContract
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Exterior
Parking Features AttachedCarport Garage Tandem
Total Parking 8.0
Lot Size Area 5197.0
Number of Buildings 1
Spa N
Building Area Total 7614.0
Lot Size Acres 0.1193
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Laundry Features CommonArea
Total Bedrooms 10
Electric On Property Y/N N
Total Baths 10
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Internal Only
Street Number 1 8535
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* Excluded Features
List By
Kidder Mathews Of California, Inc.

Broker

(818) 201-4583

Phone

Affordability Calculator

$30,386
Per Month
100%
0%
0%
Monthly Principal & Interest
$30,386
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/7/2023$4,350,000 Listed Price

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8535 Colgate Avenue, Los Angeles, CA, 90048 is a Multi-Family Home for sale at $4,350,000 with 7,614 sqft and a lot size of 0.1193. 8535 Colgate Avenue has 10 bedrooms, 10.0 baths, and was built in 1960. The property's zip code is 90048 which is in Los Angeles, CA