Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
$1,200,000
We are pleased to offer for sale 328 North Alexandria Avenue, an eight-unit apartment property located just north of Beverly Boulevard in the East Hollywood submarket of Los Angeles, bordering Koreatown to the south.The subject property offers easy access to Downtown Los Angeles, Hollywood, and the Mid-Wilshire corridor, with the… Read More Metro Red Line's Vermont/Beverly Station located within walking distance. East Hollywood is one of the most centrally located and culturally diverse neighborhoods in Los Angeles. Residents enjoy a dense mix of restaurants, cafes, and retail along Vermont Avenue and Melrose Avenue, with Thai Town, Little Armenia, and the dining and nightlife corridors of Koreatown all within close reach.Situated on a 6,900-square-foot parcel, the property is comprised of three studios and five one-bedroom units totaling 3,833 rentable square feet. Built in 1929, the asset reflects the classic architectural character of the neighborhood. The property has 53% remaining rental upside achievable through interior renovations and exterior curb-appeal improvements.328 North Alexandria Avenue offers investors an opportunity to acquire a value-add asset in one of the most central infill submarkets of Los Angeles. The combination of in-place cash flow and substantial mark-to-market potential make 328 North Alexandria Avenue a compelling acquisition opportunity.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. Read Less
Listing Snapshot
Days Online
68
Last Updated
Beds
5
Square Ft.
3,833
Lot Size
0.16 Acres
Year Built
1929
MLS Number
26779659
Additional Details
Building
Built in 1929, Living area: 3833.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $102,036, Net Operating Income: $48,305
Lot
0.1584 acres
Parking
8 total parking spaces, Uncovered
Taxes
Parcel Number: 5520023003, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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