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801 N Alexandria Ave 4 Unit Apartment Building $1,899,000 ($474,750/Unit) 4.91% Cap Rate Los Angeles, CA 90029
EXECUTIVE SUMMARY
Directions : North of Beverly Blvd. South of Santa Monica Blvd. West of Vermont Ave. East of Normandie Ave.
SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** PERFECT FOR 1031 EXCHANGE!!** TURN-KEY PROPERTY. LOW MAINTENANCE - REMODELED/RENOVATED WITH UPGRADED COOL LIGHTING FIXTURES. REAL ESTATE BUYING AND SELLING BUSY SEASON IS HERE!! MORE BUYERS ARE IN THE MARKET TO BUY. DON'T MISS OUT!! NOW 100% LEASED. STABLE INCOME COMING IN. GREAT QUIET LOCATION. FEW BLOCKS FROM LACC, NEW HIGHER RENT FOR THE 3 BEDROOM UNIT. TURN KEY PROPERTY, FULLY REMODELED, & TOP MARKET RENTS. WHAT ELSE DO YOU WANT? BEST LOCATION!! ALL UNITS ARE RENTED AT MARKET RENTAL RATE!! Beautifully Remodeled 2 Story Spanish Four-Plex located in the highly sought-after Hollywood Submarket of LA! Walking distance to LACC! Fully Renovated with New Quarts Countertops/New Backsplash/New Soft close white high-end glossy, easy-to-clean cabinet/New Hansgrohe Kit Faucet/New Dishwasher/New Gas Range, Oven, Hood/New Ductless AC & HEAT in living & bedroom/New bathroom with Kohler Faucet & Toilet/New Recessed light throughout with Dimmer switch/New fresh interior Painted/New Laminate floors/Washer&Dryer in unit. ALL UNITS offers: Living & beautifully Updated kitchen & bathroom, hardwood Floors & high ceilings, washer/dryer in each unit. Other Upgrade features: All New windows/New Iron security bar/New Exterior paint. Water-saving stylish landscaping. PRICE TO SELL!! buyer to verify all facts.
SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** PERFECT FOR 1031 EXCHANGE!!** TURN-KEY PROPERTY. LOW MAINTENANCE - REMODELED/RENOVATED WITH UPGRADED COOL LIGHTING FIXTURES. REAL ESTATE BUYING AND SELLING BUSY SEASON IS HERE!! MORE BUYERS ARE IN THE MARKET TO BUY. DON'T MISS OUT!! NOW 100% LEASED. STABLE INCOME COMING IN. GREAT QUIET LOCATION. FEW BLOCKS FROM LACC, NEW HIGHER RENT FOR THE 3 BEDROOM UNIT. TURN KEY PROPERTY, FULLY REMODELED, & TOP MARKET RENTS. WHAT ELSE DO YOU WANT? BEST LOCATION!! ALL UNITS ARE RENTED AT MARKET RENTAL RATE!! Beautifully Remodeled 2 Story Spanish Four-Plex located in the highly sought-after Hollywood Submarket of LA! Walking distance to LACC! Fully Renovated with New Quarts Countertops/New Backsplash/New Soft close white high-end glossy, easy-to-clean cabinet/New Hansgrohe Kit Faucet/New Dishwasher/New Gas Range, Oven, Hood/New Ductless AC & HEAT in living & bedroom/New bathroom with Kohler Faucet & Toilet/New Recessed light throughout with Dimmer switch/New fresh interior Painted/New Laminate floors/Washer&Dryer in unit. ALL UNITS offers: Living & beautifully Updated kitchen & bathroom, hardwood Floors & high ceilings, washer/dryer in each unit. Other Upgrade features: All New windows/New Iron security bar/New Exterior paint. Water-saving stylish landscaping. PRICE TO SELL!! buyer to verify all facts.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,899,000 | Building Class | C |
| Price Per Unit | $474,750 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 3,896 SF |
| Cap Rate | 4.91% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1924 |
| Property Type | Multifamily | Parking Ratio | 1.02/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LARD2 - Low Density Residential | ||
| Price | $1,899,000 |
| Price Per Unit | $474,750 |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,896 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 1.02/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD2 - Low Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Fireplace
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 896 |
| 2+1 | 3 | - | 1,000 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 5538-007-028 | Improvements Assessment | $474,093 |
| Land Assessment | $1,115,517 | Total Assessment | $1,589,610 |
PROPERTY TAXES
Parcel Number
5538-007-028
Land Assessment
$1,115,517
Improvements Assessment
$474,093
Total Assessment
$1,589,610
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801 N Alexandria Ave
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