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Prime Los Feliz Value Add 20-Unit Apartment 1821 N Alexandria Ave 20 Unit Apartment Building For Sale Los Angeles, CA 90027
Investment Highlights
- Value Add with Below Market Rent & Two Vacant Units (1+1 and 2+2)
- Surrounded by Numerous Amenities and Close Proximity to Griffith Observatory, Hollywood Bowl and Walk of Fame, Thai Town and Little Armenia
- Less than a Mile from Vermont / Sunset Station (Red Line) and Hollywood / Western Station (Red Line)
- Prime Hollywood Los Feliz Location: Positioned Between Vibrant Hollywood Blvd and Franklin Ave, One of LA's Most Desirable Neighborhoods
- Bread and Butter Multifamily Investment with Desirable Unit Mix
- Close Proximity to CA 101 FWY
Executive Summary
CAP RATE is based on Proforma Leasing Two Vacant Units (1+1 and 2+2)
Property Facts
| Sale Type | Investment | Lot Size | 0.36 AC |
| No. Units | 20 | Building Size | 16,902 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Low-Rise | Parking Ratio | 1.18/1,000 SF |
| Building Class | C | ||
| Zoning | LARD1.5 - Multifamily | ||
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 16,902 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | LARD1.5 - Multifamily |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 300 |
| 1+1 | 9 | - | 550 |
| 2+1.5 | 10 | - | 900 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5589-034-028 | Improvements Assessment | $870,347 |
| Land Assessment | $527,386 | Total Assessment | $1,397,733 |
Property Taxes
Parcel Number
5589-034-028
Land Assessment
$527,386
Improvements Assessment
$870,347
Total Assessment
$1,397,733
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Prime Los Feliz Value Add 20-Unit Apartment | 1821 N Alexandria Ave
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