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721-729 S Alvarado St
Los Angeles, CA 90057
Multifamily Property For Sale
·
35 Units
Executive Summary
A 35-unit mixed-use property fronting South Alvarado — one of Westlake's busiest retail corridors — pairing 24 renovated residential units (including a detached rear single-family unit with attached storage) with 11 ground-floor commercial spaces (two restaurants, retail bays, and storage).
Property Facts
| Price Per Unit | $170,850 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 6.63% | Building Size | 13,201 SF |
| Gross Rent Multiplier | 6.58 | Average Occupancy | 83% |
| No. Units | 35 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 0.76/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C2-2, Los Angeles - C2-2; TOC-4; ZI-2374 State Enterprise Zone: Los Angeles | ||
| Price Per Unit | $170,850 CAD |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| Gross Rent Multiplier | 6.58 |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 13,201 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1923 |
| Parking Ratio | 0.76/1,000 SF |
| Zoning | C2-2, Los Angeles - C2-2; TOC-4; ZI-2374 State Enterprise Zone: Los Angeles |
Amenities
Unit Amenities
- High Speed Internet Access
Site Amenities
- Fenced Lot
- Security System
- On-Site Retail
- Community-Wide WiFi
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | - | 200 - 284 |
| 1+1 | 12 | - | 500 |
Property Taxes
| Parcel Number | 5141-018-017 | Improvements Assessment | $999,355 CAD |
| Land Assessment | $3,331,202 CAD | Total Assessment | $4,330,557 CAD |
Property Taxes
Parcel Number
5141-018-017
Land Assessment
$3,331,202 CAD
Improvements Assessment
$999,355 CAD
Total Assessment
$4,330,557 CAD
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