329 N Alexandria Ave - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$1,979,000 USD
323-593-6999
329 N Alexandria Ave, Los Angeles, CA for Sale
$1,979,000 USD
Apartments - FOR SALE
1/26
null | 5.59% Cap Rate

329 N Alexandria Ave
Los Angeles, CA 90004
East Hollywood


OVERVIEW

329 N Alexandria Ave is a uniquely charming 8-unit Spanish bungalow-style property in the heart of East Hollywood. Built in the 1920s, this one-of-a-kind gem features four standalone bungalows with private yards and a fourplex, all situated on an 8,254 SF lot. The unit mix includes three two-bedroom / two-bath units, three one-bedrooms, and two studios. Four units have been thoughtfully remodeled with modern upgrades including: stylish kitchens with stainless steel appliances, mini-split HVAC systems, in unit washer dryer, updated plumbing and electrical, and a foundation retrofit. While four long-term tenant units offer excellent future value-add potential. Perched on a hill, the property boasts sweeping views of Silver Lake and Downtown LA, along with a peaceful courtyard and low-water landscaping. Parking is provided for five units, and the on-site garage offers potential for ADU conversion with the possibility to add up to eight additional units to the property (buyer to verify). Moments from Griffith Park, Echo Park Lake, and LA's top attractions, 329 N Alexandria Ave is a rare investment where classic LA character meets modern upside.

FOR SALE DETAILS

PRICE

$1,979,000 USD

PRICE/SF

$495 USD /SF

# OF UNITS

8

PRICE/UNIT

$247,375

CAP RATE

5.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,170 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5520-024-006

ASK ABOUT THIS PROPERTY

Ginger OrsiCompass Real EstateMore Info
323-593-6999

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Ginger OrsiCompass Real EstateMore Info
323-593-6999

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