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328 Alexandria Avenue
Los Angeles, CA 90004
Sold
328 Alexandria Avenue
Los Angeles, CA 90004
Sold
Built in 1929, this 8-unit property located on a 6,900 SF lot is a redevelopment or value-add investment opportunity in the dense rental submarket of Koreatown. The lot is currently zoned R3-1 and is in a Tier 3 TOC. The current building consists of eight units featuring singles and one-bedrooms.As an investment deal, the offering presents an investor a value-add opportunity at a low price per unit of $168,750. With current rents below market, the pro forma CAP rate is 6.97% as units turn and market rents are achieved. Additionally, the subject property has eight total parking spaces at the rear of the property.Koreatown, located west of Downtown LA and south of Hollywood, is one of the most diverse neighborhoods in all of Los Angeles. Known for having one of the largest concentration of nightclubs, 24-hour businesses and restaurants in the country, Koreatown continues to produce high demand for apartment units.
PROPERTY INFORMATION
| MLS # | 19472622 | Lot Size | 6,900 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,350,000
Price Per SqFt: $ 352 |
DOM | 2191 Days |
| Address | 328 Alexandria Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,833 Sq. Ft. |
| Postal Code | 90004 | Garage | N/A |
| County | Los Angeles | Year Built | 1929 |
| Bed / Bath | 4 / 0 | Parking | 8 |
| Built In | 1929 | Status | Closed |
| Sold Date | 2019-08-22 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,440
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/22/2019 | Sold | $1,285,000 |
| 07/23/2019 | Listed | $1,350,000 |
| 05/13/2019 | Listed | $1,350,000 |
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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.
