NOT LISTED FOR SALE

8535 Colgate Ave Unit 23-306721 Los Angeles, CA 90048

Beverly Grove Neighborhood
10 Beds
10 Baths
7,614 Sq Ft
5,197 Sq Ft Lot

Sale Details

Date Sold: April 29, 2024

Last sale price $3,721,750 $489 Per Sq Ft

154 Days on Market

Highlights

  • Built-In Features
  • Tandem Parking
  • Open Patio
  • West Hollywood Elementary School Rated A-
  • Intercom
  • Formal Entry

About This Home

As of April 2024

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.

Last Agent to Sell the Property

Bryan Glenn

Kidder Mathews of California, Inc. License #01441095 Listed on: 09/05/2023

Last Buyer's Agent

Non-member 999999

Non-member Office

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 5,197

Interior Spaces

  • 7,614 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Built-In Features
  • Formal Entry
  • Dining Area
  • Intercom

Kitchen

  • Gas Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry in unit
  • Leased Washer and Dryer

Parking

  • 8 Parking Spaces
  • Attached Carport
  • Tandem Parking

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Additional Features

  • Open Patio
  • 5,197 Sq Ft Lot

Community Details

  • 6 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4334-016-040

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

5,197 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 7614
  • Lot Acreage: 0.1193
  • Stories: 3
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven-Gas
  • Bedrooms: 10
  • Laundry: In Unit, Community
  • Laundry Equipment: Own, Lease
  • Total Bathrooms: 10.00
  • Equipment: Dishwasher, Elevator, Built-Ins, Intercom, Range/Oven, Refrigerator
  • Price Per S Q F T: 571.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Tandem, Carport Attached
  • Total Parking: 8

Utilities

  • Cooling: Central, Wall/Window
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 42.27
  • Assessed Improvement Value: 528899
  • Assessed Land Percent: 57.73
  • Assessed Land Value: 722278
  • Total Assessed Value: 1251177
  • Assessor Parcel Number: 4334-016-040
  • Lot Size Area: 5197

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.68
  • Number Of Units: 6
  • Rent Control: 100
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/29/2024 04/29/24 Sold $3,721,750 -14.4% $489 / Sq Ft
02/06/2024 02/06/24 Pending -- -- --
09/05/2023 09/05/23 For Sale $4,350,000 -- $571 / Sq Ft
Source: The MLS

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Map

Source: The MLS

MLS Number: 23-306721

The MLS
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