1860 Alexandria - Apartments FOR SALE
Los Angeles, CA 90027 |
1860 Alexandria
Los Angeles, CA 90027
HIGHLIGHTS
- A 16-unit Multifamily Opportunity on the Highly Desirable Franklin Avenue Corridor, a premier rental area known for rent growth and low vacancy
- Great Unit Composition of Twelve (12) One-Bedroom | One-Bathroom AND Four (4) Single | One-Bathroom apartment homes
- Most units feature original oak hardwood flooring, wood windows, front & rear egress, vintage tiled baths and kitchens, and numerous closets
- Twelve (12) parking spaces consisting of six (6) garages and six (6) on-grade parking spaces. Soft-story retrofit work was completed in 2019
- Each unit is separately metered for gas and electric utilities, thus keeping operating expenses low
- There is a significant affordability gap to home ownership within the zip code of 90027. The median home price in the area is $2,280,250
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
9920
STORIES
2
YEAR BUILT
1951
PARKING SPACES
12
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5589-033-042
