315 N Alvarado St - Residential Income FOR SALE


Los Angeles, CA 90026- Historic Filipinotown
$2,300,000 USD
213-747-4151
315 N Alvarado St, Los Angeles, CA for Sale
$2,300,000 USD
Residential Income - FOR SALE
1/16
null | Request Cap Rate

315 N Alvarado St
Los Angeles, CA 90026
Historic Filipinotown


HIGHLIGHTS

  • 3-Unit Residential Investment Opportunity
  • Current $144,000 Gross Annual Income
  • Located Just South of Temple Street
  • Adjacent to Echo Park, Westlake, Silver Lake, and East Hollywood
  • Property Recently Remodeled!

OVERVIEW

Excellent opportunity to acquire a three-unit apartment building offering approximately 4,300 square feet of improvements on a 5,300-square-foot lot. Built in 1897 and zoned LAR4, the property is located just south of Temple Street with convenient access to Echo Park, Westlake, Silver Lake, East Hollywood, and the Hollywood Freeway. The building currently generates approximately $144,000 in gross annual income and consists of three spacious four-bedroom, two-bath units: Unit A is approximately 1,200 square feet and rents for $4,000 per month; Unit B is approximately 1,300 square feet and rents for $4,500 per month; and Unit C is approximately 1,800 square feet and rents for $3,500 per month. APN 5157-017-001. This well-located multifamily asset offers strong current income in a highly central Los Angeles location.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$966 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3-Unit Investment Near Echo Park

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1897

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,300 SF

ZONING

LAR4-1

APN/PARCEL ID

5157-017-001

ASK ABOUT THIS PROPERTY

Daniel MoussazadehMajor PropertiesMore Info
213-747-4151

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Daniel MoussazadehMajor PropertiesMore Info
213-747-4151

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