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GOLDEN FEATHER INVESTMENTS, INC
6501 W Flamingo Drive, Los Angeles, CA 90038
- $6,500,000
- 15
- BD
- 20
- BA
- 8,999
- SqFt
- List Price
- $6,500,000
- Status
- ACTIVE
- MLS#
- 26873909
- Year Built
- 2019
- Bedrooms
- 15
- Bathrooms
- 20
- Living Sq. Ft
- 8,999
- Lot Size
- 6,563
- Acres
- 0.15
- Days on Market
- 2
- Property Type
- Multifamily
- Style
- Contemporary
- Stories
- Three Or More Levels, Multi Level
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.
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Additional Information
- Appliances
- Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave, Oven, Refrigerator, Dryer, Washer
- Pool Description
- None
- Heat
- Central, Zoned
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights, Hills
- Exterior Construction
- Synthetic Stucco
- Patio
- Deck, Open, Patio
- Garage Spaces Total
- 10
- Sewer
- Other
- Water
- Public
- Interior Features
- High Ceilings, Multiple Staircases, Recessed Lighting, Storage, Walk-In Closet(s)
- Attached Structure
- Detached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: Allen Roth (hello@allenroth.com) from Listing Office: Sotheby's International Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.