149 N Alexandria Avenue

    Los Angeles (City), CA 90004
    • $1,824,000
    • STATUS: Closed
    • ON SITE: 156 days
    • ID#: 18304166
    Sold - 03/30/2018
    $1,824,000
    SOLD - 03/30/2018
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,145
      SQFT
    • $440
      $/SQFT
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    The exclusive listing agent is pleased to present a seven-unit multifamily property located on Alexandria Avenue, in between Beverly Blvd & 1st St. Built in 1988, this asset is not subject to rent control; and with a desirable unit mix of six 1-bedroom/1-bathroom units & one 2-bedroom/1.5-bathroom units, it is highly desirable for those looking to quickly capitalize on the substantial rental upside. Tenant amenities include drought-resistant landscaping, new windows, and ample parking to the rear of the property. Boasting a walk score of 85 and an excellent transit score, this property is a short walk to the Vermont/Beverly Metro Station. Not only does this allow accessibility and convenience for those looking to connect to the rest of Los Angeles, it is a short distance to vibrant local attractions such as DTLA, Dodger Stadium, LA Live & the Griffith Park Observatory.

    Sold by Ken Parsons of Keller Williams Pasadena Mrkt.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T00:31:37.313. 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.
    www.californiarealtyexperts.com/homes/80044365

    149 N Alexandria Avenue Los Angeles (City), CA 90004

    • Price: $1,824,000
    • Status: Closed
    • Updated: 120 min ago
    • ID#: 18304166
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,145
    SQFT
    $440
    $/SQFT
    1988
    Built
    County:
    Los Angeles
    Property Description
    The exclusive listing agent is pleased to present a seven-unit multifamily property located on Alexandria Avenue, in between Beverly Blvd & 1st St. Built in 1988, this asset is not subject to rent control; and with a desirable unit mix of six 1-bedroom/1-bathroom units & one 2-bedroom/1.5-bathroom units, it is highly desirable for those looking to quickly capitalize on the substantial rental upside. Tenant amenities include drought-resistant landscaping, new windows, and ample parking to the rear of the property. Boasting a walk score of 85 and an excellent transit score, this property is a short walk to the Vermont/Beverly Metro Station. Not only does this allow accessibility and convenience for those looking to connect to the rest of Los Angeles, it is a short distance to vibrant local attractions such as DTLA, Dodger Stadium, LA Live & the Griffith Park Observatory.
    Exterior Features

    Lot Size Units Square Feet Parking Features Covered Parking Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 4.10 Gross Multiplier 16.71 Gross Operating Income 114132.00 Improvements Amount 376667 Insurance Expense 1658.00 Land Value 694980 Laundry YN Yes Maintenance Expense 2250.00 Net Operating Income 74738.00 Pest Control Expense 550.00 Special Listing Conditions Standard Total Expenses 35973.00 Zoning Lar3

    Listing provided courtesy of Joshua Ross of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T00:31:37.313. 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.
     
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