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1117 N Alexandria Ave 3 Unit Apartment Building $999,000 ($333,000/Unit) Los Angeles, CA 90029
Executive Summary
Prime Hollywood Triplex Investment Opportunity! Seize this exceptional investment opportunity in the heart of Hollywood! This well-maintained triplex offers strong potential for rental income growth. The property features a spacious 2-bedroom, 1-bath unit on the top floor, along with two 1-bedroom, 1-bath units on the lower level. Situated on a 6,500+ square foot lot, it offers plenty of parking. Potential f Accessory Dwelling Unit (ADU) for the property, offering even more potential for value-add and increased rental income. With a prime location, this property is just steps away from a wide variety of restaurants, shops, LA City College, and the Metro Red Line, offering convenient access to downtown LA and beyond. This is your chance to invest in one of Los Angeles' most sought-after neighborhoods with tremendous upside potential! Please do not disturb tenants.
Property Facts
| Price | $999,000 | Building Class | C |
| Price Per Unit | $333,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,710 SF |
| Sale Condition | Distress Sale | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 2.58/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LARD2 - LARD2 | ||
| Price | $999,000 |
| Price Per Unit | $333,000 |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,710 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 2.58/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD2 - LARD2 |
Amenities
Unit Amenities
- Heating
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5540-006-015 | Improvements Assessment | $228,159 |
| Land Assessment | $848,966 | Total Assessment | $1,077,125 |
Property Taxes
Parcel Number
5540-006-015
Land Assessment
$848,966
Improvements Assessment
$228,159
Total Assessment
$1,077,125
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1117 N Alexandria Ave
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