833 Alvarado St - Multi-Family FOR SALE


Los Angeles, CA 90057- MacArthur Park
$3,395,000 USD
310-480-2130
833 Alvarado St, Los Angeles, CA for Sale
$3,395,000 USD
Multi-Family - FOR SALE
1/12
null | 6.93% Cap Rate

833 Alvarado St
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • Prime location between Koreatown, Silver Lake and MacArthur Park!
  • Exceptional walk Score of 96! Property is surrounded by terrific amenities and transit options!
  • Desirable unit mix of (2) 2 Bed / 2 Bath units and (16) 1 Bed / 1 Bath units.
  • Offered at a current 6.91% Cap Rate and 9.07 GRM with projected 26% +/-rental upside for a new owner!
  • Spacious floorplans averaging about 650 sf each, many with private patios.
  • Soft-story retrofit complete, and units are individually metered for gas and electricity.

OVERVIEW

The Cohen Group is pleased to present our latest listing, 18 units located at 833 South Alvarado Street. This investment opportunity is positioned between Koreatown, Silver Lake, and MacArthur Park, with terrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 6.93% Cap Rate and 9.05 GRM, with projected rental upside of about 26% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1 Bed / 1 Bath units. The building is 11,846 square feet and the units are large, averaging about 650 square feet each, and many have access to private patios. The grounds also feature onsite laundry and secure parking for all units. Soft-story seismic retrofit work has also been completed, and units are individually metered for gas and electricity. With a terrific walk score of 96, the property is surrounded by many great amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines.

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

18

PRICE/UNIT

$188,611

CAP RATE

6.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,210 SF

ZONING

-

APN/PARCEL ID

5141-021-021

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

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