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$3,395,000
Est. payment /mo
20 Beds
18 Baths
11,846 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,846 sqft
Price per Sqft $286
MLS Listing ID 25575981
Bedrooms 20
HOA Y/N No
Year Built 1968
Lot Size 0.372 Acres
Property Description
We are 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) 1Bed / 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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC2
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 18
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5141021021
Special Listing Condition Standard
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Listed by Joshua Cohen Keller Williams Realty
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