$ 6,500,000
-
$6,500,000
Price -
15
Bed -
20
Bath -
8,999
SqFt
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About the Listing X70275 - X44971
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.
Listing Highlights for 6501 W Flamingo Dr
Interior Details
- Bedrooms: 15
- Bathrooms: 20 Full
- Appliances: Built-In Gas, Cooktop - Gas, Oven, Oven-Gas, Microwave
- Air Cond: Central,Multi/Zone,Air Conditioning
- Heating: Central,Zoned
- Fireplaces:
- Floor: Hardwood,Tile
- Basement:
- Other: Tile,Shower and Tub,Double Vanity(s),Powder Room,Primary Bedroom,Primary Suite,WalkInCloset,Dressing Area,Detached/No Common Walls,2 Staircases,High Ceilings (9 Feet+),Laundry - Closet Stacked,Turnkey,Recessed Lighting,Built-Ins,Storage Space,Gourmet Kitchen,Island,Stone Counters,Marble Counters,Breakfast Bar,Patio Open,Walk-In Closet,Living Room
- Water:
Exterior Details
- Lot Description: 5 + Lots
- Garage Capacity: 10 car
- Parking Spaces: 10
- Zoning: LAR3
- Roof:
- Others: New Construction
- Sewer: In Street
- Parking Features: Controlled Entrance,Direct Entrance,Garage - 2 Car,Private Garage,Covered Parking,Side By Side,Door Opener,Garage Is Attached,Private,Driveway Gate
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
6501 W Flamingo Dr Los Angeles, CA 90038
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