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FOR SALE
$3,200,000

213 S ALEXANDRIA Avenue
Los Angeles, CA 90004

Other
Residential Income
10
Beds
10
Baths
7,305
Sq. Ft.
0.1667
Acre Lot
1of
Photos
Map
Courtesy: Bijan Raphael CalDRE: 01321985 - Real Estate eBroker Inc.
Showcase> California> Los Angeles> 90004
We are pleased to present the 10-unit multifamily, a great income/investment property, located at 213 S Alexandria Ave in bustling Korea-Town. Originally built in 1958, seven out of 10 units of this 2-story building are renovated in 2018/2019: New kitchen cabinet, quartz countertop, stainless steel appliances, full-size gas stove and refrigerator, microwave, recessed lighting, new windows and hardwood floors. This property has 34% upside potential. Property's unit-mix consists of one 2-bed/1-bath, eight 1-bed/1-bath and one studio/1-bath. The Soft Story Retrofit is done. The property is separately metered for gas and electric utilities, keeping landlord's expenses low. There is a credit card operating laundry in a room on site for additional income. There are 5 tandem parking spaces for a total of 10-car uncovered garage. Brand new hot water heater installed in the building recently. Zoned LAR4 with a density bonus and Opportunity Zone. With its NOI at $138,891, this property boasts a CAP rate of 4.34% and GRM 15.36 times Gross.
22196959
Residential Income - Other, 1 Story
10
10
1958
Los Angeles
0.1667 Acres
1
Other
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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