130 N Alexandria Ave - Apartments FOR SALE


Los Angeles, CA 90004
$11,380,000 USD
310-550-2508
130 N Alexandria Ave, Los Angeles, CA for Sale
$11,380,000 USD
Apartments - FOR SALE
1/10
null | 4.74% Cap Rate

130 N Alexandria Ave
Los Angeles, CA 90004


HIGHLIGHTS

  • Strong Koreatown Location; Walk Score of 87
  • All One-Bedroom/One-Bathroom Units
  • ±36,012 SF Building Size on ±24,008 SF Double Lot
  • True Value-Add Opportunity with Current Rent 55% Under Market
  • Well-Amenitized with Controlled Access, Elevator, Two On-Site Laundry Facilities, and Select Units have a Balcony
  • 57 Gated Subterranean Parking with Dual Access Gates

OVERVIEW

Constructed in 1971 on a ±24,008 square foot LAR3 double lot, The Orleans is a three-story, 54-unit multifamily property with a total building area of ±36,012 square feet. The controlled-access property with intercom entry offers an elevator, two on-site laundry facilities, and 57 gated subterranean parking. The property is separately metered for electricity, the units are not serviced by gas and there is a central water heater. Since 2020, nearly 1/3 of the units have turned over naturally without any relocation assistance. The Orleans boasts all one-bedroom/one-bathroom units, and offer laminate wood flooring, electric stoves, dishwashers, radiant heat, and wall units for cooling. Select units offer a private balcony. PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS

FOR SALE DETAILS

PRICE

$11,380,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

54

PRICE/UNIT

$210,741

CAP RATE

4.74%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desirable Koreatown Location | 54 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

24,008 SF

ZONING

R3

APN/PARCEL ID

5518-012-036

ASK ABOUT THIS PROPERTY

Priscilla NeeCBRE, Inc.More Info
310-550-2508

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Priscilla NeeCBRE, Inc.More Info
310-550-2508

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.