128 N Alvarado St

    Los Angeles, CA 90026
    • $1,225,000
    • STATUS: Active
    • ON SITE: 69 days
    • MLS #: 20-546952
    UPDATED: 4 min ago
    $1,225,000
    • 7
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,080
      SQFT
    • $398
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1918
    County:

    School Ratings & Info

    Description

    I am pleased to present for sale 128 North Alvarado Street, a four-unit apartment community in a rapidly gentrifying area of Los Angeles. The property borders the densely populated neighborhoods of Echo Park and Koreatown and is only ten minutes from Downtown Los Angeles. The property's in?ll location and rental upside offers an investor immediate value-add potential. Situated on a 4,602 square foot parcel, the property features a well balanced unit-mix, consisting of - one studio, one one-bedroom/one-bath, one two-bedroom/one-bath, and one three-bedroom/two-bath. The studio will be delivered vacant, allowing an investor to immediately capture an estimated rental upside totaling 58 percent across all units. The building also features four parking (two tandem) spaces with gated entry.The subject property's location has demonstrated meaningful appreciation in both the single family home market and the rental market as Angelenos continue to move into the region.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-06T15:42:15.1. 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/102620348

    128 N Alvarado St Los Angeles, CA 90026

    • Price: $1,225,000
    • Status: Active
    • Updated: 4 min ago
    • MLS #: 20-546952
    7
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,080
    SQFT
    $398
    $/SQFT
    1918
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    I am pleased to present for sale 128 North Alvarado Street, a four-unit apartment community in a rapidly gentrifying area of Los Angeles. The property borders the densely populated neighborhoods of Echo Park and Koreatown and is only ten minutes from Downtown Los Angeles. The property's in?ll location and rental upside offers an investor immediate value-add potential. Situated on a 4,602 square foot parcel, the property features a well balanced unit-mix, consisting of - one studio, one one-bedroom/one-bath, one two-bedroom/one-bath, and one three-bedroom/two-bath. The studio will be delivered vacant, allowing an investor to immediately capture an estimated rental upside totaling 58 percent across all units. The building also features four parking (two tandem) spaces with gated entry.The subject property's location has demonstrated meaningful appreciation in both the single family home market and the rental market as Angelenos continue to move into the region.
    Exterior Features

    Lot Size Area 4602 Other Structures None Parking Garage Tandem Pool YN No Tennis YN No Total Parking 4

    Interior Features

    Baths Total 5.00 Cooling Wall Unit(S) Den No Dining Room No Equipment Other Family Room No Heating Central

    Property Features

    Gross Income 73404 Gross Operating Income 73404 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 49180.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 24223 Type Of Units Residential Zoning Lar4

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-06T15:42:15.1. 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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    Palm Desert CA, 92260