1117 N Alexandria Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$1,099,000 USD
714-679-3992
1117 N Alexandria Ave, Los Angeles, CA for Sale
$1,099,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1117 N Alexandria Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • With a prime location, this property is just steps away from a wide variety of restaurants, shops, LA City College, and the Metro Red Line
  • he city has approved an Accessory Dwelling Unit (ADU) for the property, offering even more potential for value-add and increased rental income.

OVERVIEW

Prime Hollywood Triplex Investment Opportunity! Seize this exceptional investment opportunity in the heart of Hollywood! This well-maintained triplex offers strong potential for rental income growth. The property features a spacious 2-bedroom, 1-bath unit on the top floor, along with two 1-bedroom, 1-bath units on the lower level. Situated on a 6,500+ square foot lot, it offers plenty of parking, including 2 enclosed garages. Recent building upgrades include new copper plumbing, water heaters, dual-pane windows, and an updated sewer line, providing a solid foundation for future enhancements. Additionally, foundational piers and a post-repair have been completed for added stability. The city has approved an Accessory Dwelling Unit (ADU) for the property, offering even more potential for value-add and increased rental income. With a prime location, this property is just steps away from a wide variety of restaurants, shops, LA City College, and the Metro Red Line, offering convenient access to downtown LA and beyond. This is your chance to invest in one of Los Angeles' most sought-after neighborhoods with tremendous upside potential! Please do not disturb tenants. 1 unit is vacant, 1 unit to move out in June, 1 unit currently negotiating cash for keys.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

3

PRICE/UNIT

$366,333

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD2

APN/PARCEL ID

5540-006-015

ASK ABOUT THIS PROPERTY

Cheong LeeThe Veritas GroupMore Info
714-679-3992

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Cheong LeeThe Veritas GroupMore Info
714-679-3992

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.