639 N Alexandria Ave
Los Angeles, CA 90004
1991 Const | 2 and 3 Bedroom Units | 4.6% CAP · Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Building Size | 8,468 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1991 |
| Building Class | C | Parking Ratio | 2.13/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R3-2, Los Angeles | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,468 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1991 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | R3-2, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Security System
About 639 N ALEXANDRIA AVE , LOS ANGELES, CA 90004
Marcus & Millichap is pleased to announce the sale of 639 N Alexandria Avenue, a 9-unit non-rent controlled multifamily property located on a cul-de-sac in East Hollywood. Constructed in 1991, the property features an excellent unit mix, containing exclusively two- and three-bedroom apartments. The building has been thoroughly renovated in the past 12 months, with upgrades spanning from new exterior paint to new custom kitchen cabinetry and countertops. In addition to providing strong initial cash flow, the building provides a new investor with an effective hedge against the potential repeal of the Costa-Hawkins Act, as the current owner has completed the effort to ensure that all in-place rents are at or near market levels. Nearly 90% of the units feature quartz countertops, new custom cabinetry, new wood and tile floorings, modern paint, and upgraded bathrooms. The on-grade parking garage contains space for 18 vehicles, providing tenants a ratio of two parking spaces per unit. Situated on a cul-de-sac near the intersection of Melrose Avenue and Western Avenue, the property is nestled between the thriving submarkets of Silverlake, Koreatown, Hollywood, and Downtown Los Angeles. The location affords tenants convenient access to the 101 Freeway, via the Melrose Avenue onramp, as well as the Vermont/Beverly Metro Station.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $2,000 | 930 |
| 3+2 | 1 | $2,795 | 1,028 |
Property Taxes
| Parcel Number | 5520-004-047 | Improvements Assessment | $847,792 |
| Land Assessment | $3,011,898 | Total Assessment | $3,859,690 |
Property Taxes
