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512 N Alexandria Ave 16 Unit Apartment Building $2,726,000 ($170,375/Unit) 6.21% Cap Rate Los Angeles, CA 90004
Investment Highlights
- Desirable Location
- Value-Add Investment
- Significant Development Potential
- Limited Vacancy & Stable Returns
Executive Summary
CBRE is proud to present 512 N Alexandria Avenue, a meticulously maintained 16-unit multifamily building in the highly desirable East Hollywood submarket. This property benefits from a prime location, boasting a Walk Score of 85, and providing residents with convenient access to public transportation and the 101 freeway. The property consists of a unit mix of four studios and twelve one-bedroom units. Among the amenities are a garden patio area, on-site, app paid laundry facilities, solar panels, master-metered utilities, extensive storage space, and the benefits of an on-site manager, streamlining operations and enhancing tenant satisfaction.
This property’s prime location, coupled with the attractive features, firmly positions 512 N Alexandria Avenue as a solid investment in a thriving submarket. The property offers significant potential for long-term value appreciation, driven by the continued desirability of the East Hollywood neighborhood, presenting a compelling and highly sought after opportunity for discerning investors seeking a stable and profitable asset in a prime Los Angeles location.
This property’s prime location, coupled with the attractive features, firmly positions 512 N Alexandria Avenue as a solid investment in a thriving submarket. The property offers significant potential for long-term value appreciation, driven by the continued desirability of the East Hollywood neighborhood, presenting a compelling and highly sought after opportunity for discerning investors seeking a stable and profitable asset in a prime Los Angeles location.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,726,000 | Building Class | C |
| Price Per Unit | $170,375 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 11,184 SF |
| Cap Rate | 6.21% | Average Occupancy | 93% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3-1 | ||
| Price | $2,726,000 |
| Price Per Unit | $170,375 |
| Sale Type | Investment |
| Cap Rate | 6.21% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 11,184 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
| Zoning | R3-1 |
Amenities
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 450 - 700 |
| 1+1 | 12 | - | 450 - 700 |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 5520-009-025 | Improvements Assessment | $656,753 |
| Land Assessment | $1,444,863 | Total Assessment | $2,101,616 |
Property Taxes
Parcel Number
5520-009-025
Land Assessment
$1,444,863
Improvements Assessment
$656,753
Total Assessment
$2,101,616
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512 N Alexandria Ave
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