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1860 Alexandria
Los Angeles, CA 90027
Multifamily Property For Sale
·
16 Units
Investment Highlights
- A 16-unit Multifamily Opportunity on the Highly Desirable Franklin Avenue Corridor, a premier rental area known for rent growth and low vacancy
- Most units feature original oak hardwood flooring, wood windows, front & rear egress, vintage tiled baths and kitchens, and numerous closets
- Each unit is separately metered for gas and electric utilities, thus keeping operating expenses low
- Great Unit Composition of Twelve (12) One-Bedroom | One-Bathroom AND Four (4) Single | One-Bathroom apartment homes
- Twelve (12) parking spaces consisting of six (6) garages and six (6) on-grade parking spaces. Soft-story retrofit work was completed in 2019
- There is a significant affordability gap to home ownership within the zip code of 90027. The median home price in the area is $2,280,250
Property Facts
| No. Units | 16 | Building Size | 9,920 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1951 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | RD1.5 - Restricted Density Multple Dwelling | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 9,920 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | RD1.5 - Restricted Density Multple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Tile Floors
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Garden
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Gated
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,461 | - |
| 1+1 | 12 | $1,877 | - |
Property Taxes
| Parcel Number | 5589-033-042 | Improvements Assessment | $470,301 |
| Land Assessment | $275,542 | Total Assessment | $745,843 |
Property Taxes
Parcel Number
5589-033-042
Land Assessment
$275,542
Improvements Assessment
$470,301
Total Assessment
$745,843
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