Mostly 2 BR Units | Near Larchmont Village 500-508 N Alexandria Ave 7 Unit Apartment Building $2,112,491 CAD ($301,784 CAD/Unit) 5.52% Cap Rate Los Angeles, CA 90004

Marcus & Millichap is pleased to announce the opportunity to purchase 500-510 N Alexandria Avenue, a seven-unit multifamily property located in Los Angeles, CA. Nestled between the trendy Larchmont Village and Virgil Village neighborhoods, just north of bustling Koreatown, the property allows tenants convenient access to many of Los Angeles’ most recently improved areas. Silver Lake, Sunset Junction, and Echo Park are just east of the buildings, while the high-end Los Feliz neighborhood sits north of the property.
A new ADU was completed in 2025, generating a substantial income stream by attracting higher-paying tenants with its brand new finishes. Garage parking for four vehicles is another rare amenity in this dense residential neighborhood that helps attract new tenants to the building. Neither building appears on the Los Angeles Department of Building and Safety’s seismic retrofit list (Buyer to verify), saving a new owner from what would otherwise be a costly capital expenditure.
Residents enjoy convenient access to the 101 Freeway, while the Metro Red Line is accessible via the nearby Vermont/ Beverly station. With LA Live and the neighboring Crypto.com Arena, Los Angeles Convention Center, and nearby Los Angeles Coliseum scheduled to host events in the 2028 Summer Olympics, the entire local area stands to benefit from upcoming infrastructure improvements and an influx of capital to the area.