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427 S Alvarado St
Los Angeles, CA 90057
Multifamily Property For Sale
·
16 Units
Investment Highlights
- STRONG UNIT MIX - 15 OUT OF 16 UNITS ARE LARGE ONEBEDROOM UNITS
- 6.51% CAP RATE AND 7.9 GRM AT THE ASKING PRICE
- CENTRALLY LOCATED NEAR ENTERTAINMENT DISTRICTS AND CONVENIENTLY SITUATED NEAR WESTLAKE/MACARTHUR PARK METRO RAIL LINE
- LOW $162 PRICE PER SQUARE FOOT AND PRICE PER UNIT AT $111,500/UNIT
- UNIQUE HIGH CASH-FLOW INVESTMENT OPPORTUNITY WITH SIGNIFICANT UPSIDE
- EXCEPTIONALLY HIGH 94 WALK SCORE, DESIGNATED AS A “WALKER’S PARADISE”
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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