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    911 Alandele Ave

    Los Angeles, CA 90036
    • $2,579,900
    • STATUS: Active Under Contract
    • ON SITE: 14 Days
    • MLS #: 21-790230
    Under Contract
    UPDATED: 63 min ago
    $2,579,900
    • 6
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,509
      SQFT
    • $468
      $/SQFT
    Type:
    Multi-Family
    Built:
    1938
    County:

    School Ratings & Info

    Description

    We are pleased to present a six (6) unit apartment building located at 911 Alandele Avenue in Los Angeles, California. The subject property is situated in a prime Miracle Mile location, just northeast of the intersection of West Olympic and San Vicente Boulevards. Miracle Mile is best known as LAs Museum Row and an increasingly pedestrian-friendly neighborhood. Situated south of Beverly Grove, Miracle Mile is a rapidly developing area in full swing, with the surrounding area undergoing expansive change in preparation for the Los Angeles Olympic Games in Summer 2028. Miracle Mile has a long and rich history in Los Angeles, widely regarded as one of the first trendy retail destinations south of Hollywood, dating back to the early 1900s. Today, the iconic commercial district is home to the Los Angeles County Museum of Art (LACMA), the Petersen Automotive Museum, the Academy Museum of Motion Pictures, and the La Brea Tar Pits. Posh interior design shops, label-conscious fashion boutiques, and refined restaurants line the adjacent roads of La Brea Ave, Beverly Blvd, and W 3rd St, but the low-key residential vibe makes this a great place to connect with locals. The subject property is situated adjacent to the bustling intersection of S San Vicente Blvd, S Fairfax Ave and W Olympic Blvd. Here, residents can visit the Olympia Medical Center, Fortune House Chinese Cuisine, Merkato takeout, Messob Ethiopian takeout, Hansens Cakes, and LA Metro Stations.Built in 1938, this rare offering contains a streamlined unit mix of six (6) uniquely charming one-bedroom/one-bathroom units in a 5,500 SF building on a nearly an 8,500 square foot lot. The property is situated on a wide street where street parking is permitted. Two (2) units will be delivered vacant. Each one-bedroom unit boasts 900-1,000 livable square feet each, featuring spacious living rooms, large master bedrooms, formal dining areas, and plenty of built-in storage space throughout. These character units include original fireplaces, hardwood flooring, gorgeous moldings, unique archways, and original custom tile work. Each unit comes fully equipped with separated showers and tubs, in-unit washer/dryers, refrigerators, and stove/oven combos. All units are incredibly bright with tons of windows letting in natural light, including floor to ceiling windows in the living rooms and dual entrances in front and back as each unit runs the width of the building. The vintage building boasts classic French Normandy architecture and well-maintained character features. The property is very well-maintained with bright green front and back yards. The backyard also features a central gated, shared patio space that is perfect for tenants to enjoy picnics and barbeques. There are garages located on either side of the backyard/patio. Each side includes one (1) one-car garage and one (1) two-car garage, totaling six (6) garage parking spaces (no soft-story retrofit required) plus additional space for parking in uncovered spaces on-site. There is an option to add at least one (1) ADU in the back. Situated in a prime Miracle Mile location, this offering presents an excellent opportunity for a value-add investor to capitalize on a charming French-Normandy building with strong built-in rental upside, in one of Los Angeles most historic rental pockets.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-15T14:43:18.69. 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/121959701
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    911 Alandele Ave Los Angeles, CA 90036

    • Price: $2,579,900
    • Status: Active Under Contract
    • Updated: 63 min ago
    • MLS #: 21-790230
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,509
    SQFT
    $468
    $/SQFT
    1938
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    We are pleased to present a six (6) unit apartment building located at 911 Alandele Avenue in Los Angeles, California. The subject property is situated in a prime Miracle Mile location, just northeast of the intersection of West Olympic and San Vicente Boulevards. Miracle Mile is best known as LAs Museum Row and an increasingly pedestrian-friendly neighborhood. Situated south of Beverly Grove, Miracle Mile is a rapidly developing area in full swing, with the surrounding area undergoing expansive change in preparation for the Los Angeles Olympic Games in Summer 2028. Miracle Mile has a long and rich history in Los Angeles, widely regarded as one of the first trendy retail destinations south of Hollywood, dating back to the early 1900s. Today, the iconic commercial district is home to the Los Angeles County Museum of Art (LACMA), the Petersen Automotive Museum, the Academy Museum of Motion Pictures, and the La Brea Tar Pits. Posh interior design shops, label-conscious fashion boutiques, and refined restaurants line the adjacent roads of La Brea Ave, Beverly Blvd, and W 3rd St, but the low-key residential vibe makes this a great place to connect with locals. The subject property is situated adjacent to the bustling intersection of S San Vicente Blvd, S Fairfax Ave and W Olympic Blvd. Here, residents can visit the Olympia Medical Center, Fortune House Chinese Cuisine, Merkato takeout, Messob Ethiopian takeout, Hansens Cakes, and LA Metro Stations.Built in 1938, this rare offering contains a streamlined unit mix of six (6) uniquely charming one-bedroom/one-bathroom units in a 5,500 SF building on a nearly an 8,500 square foot lot. The property is situated on a wide street where street parking is permitted. Two (2) units will be delivered vacant. Each one-bedroom unit boasts 900-1,000 livable square feet each, featuring spacious living rooms, large master bedrooms, formal dining areas, and plenty of built-in storage space throughout. These character units include original fireplaces, hardwood flooring, gorgeous moldings, unique archways, and original custom tile work. Each unit comes fully equipped with separated showers and tubs, in-unit washer/dryers, refrigerators, and stove/oven combos. All units are incredibly bright with tons of windows letting in natural light, including floor to ceiling windows in the living rooms and dual entrances in front and back as each unit runs the width of the building. The vintage building boasts classic French Normandy architecture and well-maintained character features. The property is very well-maintained with bright green front and back yards. The backyard also features a central gated, shared patio space that is perfect for tenants to enjoy picnics and barbeques. There are garages located on either side of the backyard/patio. Each side includes one (1) one-car garage and one (1) two-car garage, totaling six (6) garage parking spaces (no soft-story retrofit required) plus additional space for parking in uncovered spaces on-site. There is an option to add at least one (1) ADU in the back. Situated in a prime Miracle Mile location, this offering presents an excellent opportunity for a value-add investor to capitalize on a charming French-Normandy building with strong built-in rental upside, in one of Los Angeles most historic rental pockets.
    Exterior Features

    Entry Location Ground Level W/Steps Garage Structures Total 2 Levels Two Lot Description LandscapedYardSingle LotSecludedLawnCurbsBack Yard Lot Location City Lot Size Area 8434 Other Structures Other Parking Garage DrivewayParking SpaceUncoveredGarage Patio Features Enclosed Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Style French Normandy Total Parking 8 View Description City View YN Yes

    Interior Features

    Bathroom Features TileRemodeledShower And TubShower Stall Baths Total 6.00 Common Walls Attached Cooking Appliances Gas/Electric RangeOven-GasFree Standing GasCooktop - Gas Cooling Air Conditioning Equipment Built-InsRefrigeratorRange/OvenWasherDryer Fireplace Rooms Decorative Flooring WoodTile Heating Wall Interior Features Built-InsCrown MoldingsStorage Space Kitchen Features Tile CountersRemodeled Laundry In Unit Windows French Windows

    Property Features

    Assessed Total Value 2015226 Gross Income 150492 Gross Operating Income 150492 Land Lease Type Fee Like Units1 6 Net Operating Income 96740.00 Number Of Buildings 1 Number Of Units 6 Property Condition Repair CosmeticUpdated/Remodeled Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 49237 Type Of Units Market Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Jason Tuvia DRE#01772495 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-15T14:43:18.69. 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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