6501 W Flamingo Dr, Los Angeles, CA 90038
6501 W Flamingo Dr, Los Angeles, CA 90038
6501 W Flamingo Dr, Los Angeles, CA 90038
29
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$6,500,000
Est. payment /mo
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15 Beds
20 Baths
8,999 SqFt
New

6501 W Flamingo Dr Los Angeles, CA 90038

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,999 sqft

Price per Sqft $722

MLS Listing ID 26873909

Style Contemporary

Bedrooms 15

Construction Status New Construction

Year Built 2019

Lot Size 6,563 Sqft

Property Sub-Type Multi-Family

Property Description

The Flamingo Collection presents a rare opportunity to acquire a boutique portfolio of five free-standing contemporary Single-Family Homes in the heart of Los Angeles' Hollywood Media District. Built in 2019 and individually parceled with five separate APNs, each 3-bedroom, 3.5-bath residence offers approximately 1,754 - 1,822 square feet of sophisticated living space with white oak hardwood floors, custom cabinetry and closets, stainless steel appliances, in-home laundry, central HVAC, private 2-car garage and rooftop deck. Four residences are currently occupied, while one has been intentionally held vacant to preserve flexibility during the sale process. At the Buyer's election, Seller can deliver the fifth residence occupied at $6,500 per month, resulting in a fully occupied portfolio generating $384,000 in annual rental income. Alternatively, Seller can deliver all five residences 100% vacant at close of escrow, allowing an incoming Buyer to immediately implement its preferred investment strategy. Built in 2019, the homes are exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), providing additional flexibility for future rental operations. Five individual APNs further create multiple potential investment and exit strategies, including traditional long-term leasing, corporate/executive housing, furnished rentals, individual home sales, or a combination of approaches. With the ability to acquire the portfolio fully occupied with immediate income, newer construction, RSO-exempt status and multiple future exit strategies, The Flamingo Collection is particularly well suited for a 1031 Exchange buyer seeking a high-quality replacement asset with immediate income and long-term flexibility. Attractive Seller financing available. Sale includes the following APN's: 5533-022-045, 046, 047, 048, 049.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR3

Rooms

Other Rooms None

Dining Room 0

Kitchen Gourmet Kitchen, Island, Stone Counters, Marble Counters

Interior

Interior Features Detached/No Common Walls, 2 Staircases, High Ceilings (9 Feet+), Laundry - Closet Stacked, Turnkey, Recessed Lighting, Built-Ins, Storage Space

Heating Central, Zoned

Cooling Central, Multi/Zone, Air Conditioning

Flooring Hardwood, Tile

Fireplaces Type None

Equipment Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer, Built-Ins, Garbage Disposal, Stackable W/D Hookup

Laundry Inside, Laundry Area, Laundry Closet Stacked

Exterior

Parking Features Controlled Entrance, Direct Entrance, Garage - 2 Car, Private Garage, Covered Parking, Side By Side, Door Opener, Garage Is Attached, Private, Driveway Gate

Garage Spaces 10.0

Pool None

Waterfront Description None

View Y/N Yes

View City Lights, Hills

Handicap Access None

Building

Lot Description 5 + Lots

Story 3

Foundation Slab

Sewer In Street

Water District

Architectural Style Contemporary

Level or Stories Multi/Split, Three Or More

Structure Type Synthetic Stucco

Construction Status New Construction

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Sotheby's International Realty

NEARBY SCHOOL & BUSINESS

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Kevin Devereaux

Kevin Devereaux

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+1(702) 715-0018

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6501 W Flamingo Dr