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427 S Alvarado St
Los Angeles, CA 90057
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Great Unit Mix - 15 out of 16 Units are Large One-Bedroom Units
- 6.5% CAP Rate and 8.4 GRM at the Asking Price
- Ownership Installed New Electrical and New Roof Overlay
- Low $163/SF and $112,00/Unit at the Asking Price | Lowest in Westlake Market
- Over 60% Upside in Rents
- Exceptionally High 94 Walk Score, Designated as a “Walker’s Paradise” with an Array of Retail, and Dining Option Nearby
Property Facts
| No. Units | 16 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 10,976 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1909 |
| Zoning | C2-1 TOC Tier 3 - Commercial | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 10,976 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1909 |
| Zoning | C2-1 TOC Tier 3 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
| Studios | 1 | - | - |
Property Taxes
| Parcel Number | 5154-031-016 | Improvements Assessment | $378,850 |
| Land Assessment | $1,623,648 | Total Assessment | $2,002,498 |
Property Taxes
Parcel Number
5154-031-016
Land Assessment
$1,623,648
Improvements Assessment
$378,850
Total Assessment
$2,002,498
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