130 N Alexandria Ave
Los Angeles, CA 90004
The Orleans · Multifamily Property For Sale
·
54 Units
Investment Highlights
- The Neema Group of Marcus & Millichap is pleased to present The Orleans Apartments, a 54-unit investment opportunity in prime Koreatown
- This is a value-add opportunity with 40% rental upside achievable as units turn
- Rare opportunity to acquire a sizeable asset with substantial upside
- The subject property features an ideal unit mix of 54 one-bedrooms with 57 subterranean parking spaces; five units will be delivered vacant
- There are two laundry rooms on the third and fourth floors, each with three washers and three dryers leased with Wash
Property Facts
| No. Units | 54 | Building Size | 36,012 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1971 |
| Building Class | C | Parking Ratio | 0.83/1,000 SF |
| Lot Size | 0.55 AC | ||
| Zoning | R3 | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 36,012 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Vinyl Flooring
Site Amenities
- Controlled Access
- Laundry Facilities
- Energy Star Labeled
- Gated
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 54 | - | 675 |
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Property Taxes
| Parcel Number | 5518-012-036 | Improvements Assessment | $4,133,151 |
| Land Assessment | $2,744,482 | Total Assessment | $6,877,633 |
Property Taxes
