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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,150,000

Est. payment | -/mo

5 Beds

8 Baths

3,833 SqFt

Save

$ 1,150,000

Est. payment | -/mo

Save

5 Beds

8 Baths

3,833 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,833 sqft

Price per Sqft $300

MLS Listing ID 26779659

Bedrooms 5

HOA Y/N No

Year Built 1929

Lot Size 6,899 Sqft

Property Description

We are pleased to offer for sale 328 North Alexandria Avenue, an eight-unit apartment property located just north of Beverly Boulevard in the East Hollywood submarket of Los Angeles, bordering Koreatown to the south.The subject property offers easy access to Downtown Los Angeles, Hollywood, and the Mid-Wilshire corridor, with the Metro Red Line's Vermont/Beverly Station located within walking distance. East Hollywood is one of the most centrally located and culturally diverse neighborhoods in Los Angeles. Residents enjoy a dense mix of restaurants, cafes, and retail along Vermont Avenue and Melrose Avenue, with Thai Town, Little Armenia, and the dining and nightlife corridors of Koreatown all within close reach.Situated on a 6,900-square-foot parcel, the property is comprised of three studios and five one-bedroom units totaling 3,833 rentable square feet. Built in 1929, the asset reflects the classic architectural character of the neighborhood. The property has 53% remaining rental upside achievable through interior renovations and exterior curb-appeal improvements.328 North Alexandria Avenue offers investors an opportunity to acquire a value-add asset in one of the most central infill submarkets of Los Angeles. The combination of in-place cash flow and substantial mark-to-market potential make 328 North Alexandria Avenue a compelling acquisition opportunity.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5520023003

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Sean Rosenzweig Marcus & Millichap #01406343

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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328 N Alexandria AVE Los Angeles, CA 90004