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    1117 N Alexandria Ave

    Los Angeles, CA 90029
    • $1,190,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 21-780348
    UPDATED: 26 min ago
    $1,190,000
    • 4
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,710
      SQFT
    • $439
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:
    Area:

    School Ratings & Info

    Description

    Opportunity Zone Located Investment in East Hollywood. Upside potential on rents. Existing triplex with city approval to construct an ADU in garage to make this a 4 unit property. Even without the garage, there is plenty of parking for each unit on this 6,541 sq ft lot. The upstairs unit is spacious and has 2 bedrooms and views. The downstairs units are well laid out with 1 bedroom and 1 bath each. The triplex is in need of updating but has much of the solid wood cabinetry, solid wood floors and original fixtures which is what we are discovering that many Eastside Seekers want. The building has newer copper plumbing, water heaters, dual-pane windows, and sewer line work. Foundational piers and post tuneup was performed. Even though, the property recently passed the periodic L.A. City Housing inspection with no outstanding or flagged items, it is being marketed as a fixer and therefore being sold as-is for land value. Proximity to restaurants, shops, LA City College and Metro Red Line. The existing tenants have been excellent tenants and paid rent all through COVID with no excuses or problems at all. Owner is not interested to offer compensation to any of the legacy tenants to vacate or propose cash for keys. If any potential Buyer wishes this scenario, they would do so after close of escrow and not during escrow. Please do not approach or make contact with the tenants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T15:43:15.793. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/121147416
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    1117 N Alexandria Ave Los Angeles, CA 90029

    • Price: $1,190,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 21-780348
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,710
    SQFT
    $439
    $/SQFT
    1924
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Opportunity Zone Located Investment in East Hollywood. Upside potential on rents. Existing triplex with city approval to construct an ADU in garage to make this a 4 unit property. Even without the garage, there is plenty of parking for each unit on this 6,541 sq ft lot. The upstairs unit is spacious and has 2 bedrooms and views. The downstairs units are well laid out with 1 bedroom and 1 bath each. The triplex is in need of updating but has much of the solid wood cabinetry, solid wood floors and original fixtures which is what we are discovering that many Eastside Seekers want. The building has newer copper plumbing, water heaters, dual-pane windows, and sewer line work. Foundational piers and post tuneup was performed. Even though, the property recently passed the periodic L.A. City Housing inspection with no outstanding or flagged items, it is being marketed as a fixer and therefore being sold as-is for land value. Proximity to restaurants, shops, LA City College and Metro Red Line. The existing tenants have been excellent tenants and paid rent all through COVID with no excuses or problems at all. Owner is not interested to offer compensation to any of the legacy tenants to vacate or propose cash for keys. If any potential Buyer wishes this scenario, they would do so after close of escrow and not during escrow. Please do not approach or make contact with the tenants.
    Exterior Features

    Lot Size Area 6541 Other Structures Other Parking Garage Assigned Total Parking 7

    Interior Features

    Baths Total 3.00 Cooling None Equipment Built-Ins Flooring Hardwood Heating Wall Gas

    Property Features

    Assessed Total Value 964000 Gross Income 37440 Gross Operating Income 37440 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 27200.00 Number Of Buildings 2 Number Of Units 3 Owner Pays Water Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Other Tenant Pays ElectricityGas Total Annual Expense 10240 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Frank Paul Barbano DRE#01380908 of Barbano Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T15:43:15.793. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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