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328 Alexandria Avenue

Los Angeles, CA 90004

$1,285,000 Sale Price
Est. Payment: $ 0/mo
4
Bed
0
Bath
3,833 Sq. Ft.
$352 / Sq. Ft.
Sold

328 Alexandria Avenue

Los Angeles, CA 90004

Sold
$1,285,000 Sale Price
$0/mo
4
Bed
0
Bath
3,833
Sq. Ft.
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 2163 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
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $1,440
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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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.
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