512 N Alexandria Ave - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$2,726,000 USD
213-631-8788
512 N Alexandria Ave, Los Angeles, CA for Sale
$2,726,000 USD
Apartments - FOR SALE
1/7
null | 6.21% Cap Rate

512 N Alexandria Ave
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • Desirable Location
  • Significant Development Potential
  • Value-Add Investment
  • Limited Vacancy & Stable Returns

OVERVIEW

CBRE is proud to present 512 N Alexandria Avenue, a meticulously maintained 16-unit multifamily building in the highly desirable East Hollywood submarket. This property benefits from a prime location, boasting a Walk Score of 85, and providing residents with convenient access to public transportation and the 101 freeway. The property consists of a unit mix of four studios and twelve one-bedroom units. Among the amenities are a garden patio area, on-site, app paid laundry facilities, solar panels, master-metered utilities, extensive storage space, and the benefits of an on-site manager, streamlining operations and enhancing tenant satisfaction. This property’s prime location, coupled with the attractive features, firmly positions 512 N Alexandria Avenue as a solid investment in a thriving submarket. The property offers significant potential for long-term value appreciation, driven by the continued desirability of the East Hollywood neighborhood, presenting a compelling and highly sought after opportunity for discerning investors seeking a stable and profitable asset in a prime Los Angeles location.

FOR SALE DETAILS

PRICE

$2,726,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

16

PRICE/UNIT

$170,375

CAP RATE

6.21%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,605 SF

ZONING

R3-1

APN/PARCEL ID

5520-009-025

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

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Jenny EngCBREMore Info
213-631-8788

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