Back To Search
1136 Alvarado Street
Los Angeles, CA 90006
Sold
1136 Alvarado Street
Los Angeles, CA 90006
Sold
A rare 24-unit value-add opportunity at 1136 S Alvarado St that will be delivered 100% vacant; the property, is located on the main thoroughfare between W 11th St & W Pico Blvd in the center of the Pico Union, Westlake, and Koreatown neighborhoods. The subject property consists of a desirable unit mix of 18 studios (approximately 400 SF) and six one-bedrooms (approximately 600 SF), and the building is individually metered for gas and electric. The property is being offered in as-is condition; this is an opportunity for a buyer to begin interior renovations immediately at the close of escrow with no tenant relocation required. At the asking price, the property is being offered for a low price per SF of $273. An investor has the potential to achieve a CAP rate of 6.26%-6.92% when projected rents are captured. Additionally, there is potential to add six ADU's to further increase the rental income (buyer to verify).1136 Alvarado St is located one mile from the Crypto.com Arena and Los Angeles Convention Center. The neighborhood boasts a high walk score of 93 with retail amenities on W Pico Blvd & S Hoover St; walking distance to numerous Metro rail and bus line stops make this an attractive central for moving around the via public transit or by car with quick access to the 110 and 10 Freeways. The subject property is in the middle of high-growth neighborhoods (Pico Union, Westlake, and Koreatown) where the rental market continues to thrive. The property can be sold with the adjacent lot (APN: 5136-019-023) totaling 9,381 SF zoned C2-1-HPOZin a Tier 2 TOC.
PROPERTY INFORMATION
| MLS # | 22216241 | Lot Size | 8,282 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 4,400,000
Price Per SqFt: $ 273 |
DOM | 964 Days |
| Address | 1136 Alvarado Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 16,113 Sq. Ft. |
| Postal Code | 90006 | Garage | N/A |
| County | Los Angeles | Year Built | 1912 |
| Bed / Bath | 6 / 0 | Parking | N/A |
| Built In | 1912 | Status | Closed |
| Sold Date | 2023-02-02 |
INTERIOR FEATURES
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,693
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 02/02/2023 | Sold | $4,275,000 |
| 11/07/2022 | Listed | $4,400,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
Interested in buying or selling a home similar to 1136 Alvarado Street?
Listing provided courtesy of Neema Ahadian, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
