328 N Alexandria Ave, Los Angeles, CA 90004
328 N Alexandria Ave, Los Angeles, CA 90004
328 N Alexandria Ave, Los Angeles, CA 90004
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John Matukas

John Matukas

+1(323) 377-4961
$1,200,000
Est. payment /mo
5 Beds
8 Baths
3,833 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,833 sqft

Price per Sqft $313

MLS Listing ID 26779659

Bedrooms 5

Year Built 1929

Lot Size 6,900 Sqft

Acres 0.1584

Property Sub-Type Multi-Family

Property Description

We are pleased to offer for sale 328 North Alexandria Avenue, an 8-unit apartment property located just north of Beverly Boulevard in the East Hollywood submarket of Los Angeles, bordering Koreatown to the south.The subject property offers easy access to Downtown Los Angeles, Hollywood, and the Mid-Wilshire corridor, with the Metro Red Line's Vermont/Beverly Station located within walking distance. East Hollywood is one of the most centrally located and culturally diverse neighborhoods in Los Angeles. Residents enjoy a dense mix of restaurants, cafes, and retail along Vermont Avenue and Melrose Avenue, with Thai Town, Little Armenia, and the dining and nightlife corridors of Koreatown all within close reach.Situated on a 6,900-square-foot parcel, the property is comprised of 3 studios and 5 one-bedroom units totaling 3,833 rentable square feet. Built in 1929, the asset reflects the classic architectural character of the neighborhood. The property has 53% remaining rental upside achievable through interior renovations and exterior curb-appeal improvements.328 North Alexandria Avenue offers investors an opportunity to acquire a value-add asset in one of the most central infill submarkets of Los Angeles. The combination of in-place cash flow and substantial mark-to-market potential make 328 North Alexandria Avenue a compelling acquisition opportunity.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Uncovered

Garage Spaces 8.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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John Matukas

John Matukas

+1(323) 377-4961

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