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209 S Alexandria Ave 9 Unit Apartment Building $4,543,374 CAD ($504,819 CAD/Unit) 3% Cap Rate Los Angeles, CA 90004
INVESTMENT HIGHLIGHTS
- 9 Unit apartment building - central Koreatown location.
- Primarily larger unit mix. (89% 2BD or larger)
- 3 Units currently vacant, providing flexibility to new Owner.
- Potential for subdivision - condominium conversion.
- LAHD Non-rent control (Built 1991).
- Separately metered utilities (Electricity & Gas).
PROPERTY FACTS
| Price | $4,543,374 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $504,819 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3% | Building Size | 14,513 SF |
| Gross Rent Multiplier | 18.7 | No. Stories | 3 |
| No. Units | 9 | Year Built | 1991 |
| Property Type | Multifamily | Parking Ratio | 2.46/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R4-2, Los Angeles | ||
| Price | $4,543,374 CAD |
| Price Per Unit | $504,819 CAD |
| Sale Type | Investment |
| Cap Rate | 3% |
| Gross Rent Multiplier | 18.7 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 14,513 SF |
| No. Stories | 3 |
| Year Built | 1991 |
| Parking Ratio | 2.46/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4-2, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 7 | - | - |
| 3+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 5518-008-002 | Improvements Assessment | $1,371,498 CAD |
| Land Assessment | $1,885,815 CAD | Total Assessment | $3,257,313 CAD |
PROPERTY TAXES
Parcel Number
5518-008-002
Land Assessment
$1,885,815 CAD
Improvements Assessment
$1,371,498 CAD
Total Assessment
$3,257,313 CAD
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209 S Alexandria Ave
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