833-835 Alvarado St | Los Angeles, CA 90006
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- LoopNet Team
833-835 Alvarado St
Los Angeles, CA 90006
Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Prime location between Koreatown, Silver Lake and MacArthur Park!
- Desirable unit mix of (2) 2 Bed / 2 Bath units and (16) 1 Bed / 1 Bath units.
- Spacious floorplans averaging about 650 sf each, many with private patios.
- Exceptional walk Score of 96! Property is surrounded by terrific amenities and transit options!
- Offered at a current 6.91% Cap Rate and 9.07 GRM with projected 26% +/-rental upside for a new owner!
- Soft-story retrofit complete, and units are individually metered for gas and electricity.
PROPERTY FACTS
| No. Units | 18 | Lot Size | 0.37 AC |
| Property Type | Multifamily | Building Size | 21,408 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 0.61/1,000 SF |
| Zoning | LAC2 - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 21,408 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | LAC2 - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Tub/Shower
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
| 1+1 | 16 | - | - |
PROPERTY TAXES
| Parcel Number | 5141-021-021 | Improvements Assessment | $417,320 |
| Land Assessment | $3,672,478 | Total Assessment | $4,089,798 |
PROPERTY TAXES
Parcel Number
5141-021-021
Land Assessment
$3,672,478
Improvements Assessment
$417,320
Total Assessment
$4,089,798
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