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178-180 N Alexandria Ave
Los Angeles, CA 90004
Alexandria Luxury Townhomes · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- Newer construction 14 unit apartment complex built in 2020 offering modern design and long term operational efficiency.
- Contemporary interiors with modern finishes and efficient layouts supporting competitive market rents.
- Prime location near Downtown Los Angeles and major transit corridors supporting consistent rental demand and upside potential.
- Strong unit mix featuring four two bedroom two bathroom units and ten one bedroom one and a half bathroom units designed for broad tenant appeal.
- Secure attached garage providing 14 on site parking spaces, a highly desirable amenity in central Los Angeles.
EXECUTIVE SUMMARY
Modern 14-Unit Apartment Complex | Built 2020 | Prime Koreatown Location An exceptional opportunity to acquire a newer construction multifamily asset in the heart of Los Angeles. Located at 178 Alexandria Avenue, Los Angeles, CA 90004, this well-maintained 14-unit apartment complex, built in 2020, offers an ideal blend of modern design, strong unit mix, and long-term investment stability. The property features a desirable unit composition of four (4) spacious 2-bedroom, 2-bath units and ten (10) 1-bedroom, 1.5-bath units, thoughtfully designed to attract today's renters. All units offer contemporary layouts with modern finishes, maximizing tenant appeal and rental potential. The building includes a secure attached garage with 14 on-site parking spaces, a rare and highly sought-after amenity in this central Los Angeles location. Constructed with newer systems and infrastructure, the property benefits from strong operational efficiency. Situated near Koreatown, Downtown Los Angeles, and major transit corridors, the location provides excellent access to employment centers, dining, shopping, and entertainment, supporting consistent tenant demand. This turnkey asset presents an outstanding opportunity for investors seeking a newer construction multifamily property with upside potential in one of Los Angeles most dynamic rental markets.
PROPERTY FACTS
| Price Per Unit | $738,880 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 14,000 SF |
| Cap Rate | 3.35% | Average Occupancy | 86% |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | MU | ||
| Price Per Unit | $738,880 CAD |
| Sale Type | Investment |
| Cap Rate | 3.35% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 14,000 SF |
| Average Occupancy | 86% |
| No. Stories | 3 |
| Year Built | 2020 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MU |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1.5 | 10 | - | 800 |
| 2+2 | 4 | - | 900 |
PROPERTY TAXES
| Parcel Number | 5518-012-038 | Improvements Assessment | $4,417,660 CAD |
| Land Assessment | $5,890,214 CAD | Total Assessment | $10,307,874 CAD |
PROPERTY TAXES
Parcel Number
5518-012-038
Land Assessment
$5,890,214 CAD
Improvements Assessment
$4,417,660 CAD
Total Assessment
$10,307,874 CAD
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