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Multifamily

720 S Alvarado St

720 S Alvarado St, Los Angeles, CA 90057

Listing Price: Request For Offer

Number of Units
42
Gross SF
26,470

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a rare portfolio acquisition opportunity with assets located in some of the most dynamic Eastside markets – Silverlake, East Hollywood and Westlake. Consisting of six separate buildings, the properties are strategically located within 10 minutes of one another offering the opportunity to acquire a sizable presence in one of the most sought after infill markets in Los Angeles. The Eastside Collection is a unique opportunity to attain a rare portfolio asset in Los Angeles, a market that is still in the early stages of full recovery from Covid and is projected for significant rent growth in 2022 and beyond.

Investment Highlights

  • Current Ownership has Attentively Owned and Operated the Buildings, Leaving an Excellent Physical Plant for a New Buyer to Continue Operations and Make Further Interior & Exterior Improvements
  • The Portfolio is Located in Close Proximity to the Vibrant Restaurants, Cafes, Bars, Theaters, Grocery Stores, Gyms and Employment Opportunities in Silverlake, Virgil Village, Koreatown and Downtown L
  • Investors can Acquire a Significant Presence in Los Angeles, a Market where the Average Transaction Size is 13 Units Over the Last Five Years
  • Los Angeles Continues to Quickly Emerge from Some of Most Stringent Covid Restrictions, Which has Created Tightening Conditions and Projected 11% Rent Growth for 2022
  • The Offering is Located Within a 15 Minute Radius of Over 100 Million SF of Office which Attracts High-Income Tenant Profiles and Drives Rental Growth
  • No Properties Within the Portfolio Require Seismic Retrofit Upgrades
  • 718 & 720 South Alvarado Offer an Opportunity to Create Three Accessory Dwelling Units (ADU) From Previously Non-Conforming Units and Enhance Revenue and Legal Unit Count, With the Strong Possibility to Create Additional ADU's in the Basement Space of 718 South Alvarado (Buyer to Verify)

Exclusively Listed By

Financing By

Multifamily

720 S Alvarado St

Listing Price: Request For Offer

Number of Units
42
Gross SF
26,470

Investment Highlights

  • Current Ownership has Attentively Owned and Operated the Buildings, Leaving an Excellent Physical Plant for a New Buyer to Continue Operations and Make Further Interior & Exterior Improvements
  • The Portfolio is Located in Close Proximity to the Vibrant Restaurants, Cafes, Bars, Theaters, Grocery Stores, Gyms and Employment Opportunities in Silverlake, Virgil Village, Koreatown and Downtown L
  • Investors can Acquire a Significant Presence in Los Angeles, a Market where the Average Transaction Size is 13 Units Over the Last Five Years
  • Los Angeles Continues to Quickly Emerge from Some of Most Stringent Covid Restrictions, Which has Created Tightening Conditions and Projected 11% Rent Growth for 2022
  • The Offering is Located Within a 15 Minute Radius of Over 100 Million SF of Office which Attracts High-Income Tenant Profiles and Drives Rental Growth
  • No Properties Within the Portfolio Require Seismic Retrofit Upgrades
  • 718 & 720 South Alvarado Offer an Opportunity to Create Three Accessory Dwelling Units (ADU) From Previously Non-Conforming Units and Enhance Revenue and Legal Unit Count, With the Strong Possibility to Create Additional ADU's in the Basement Space of 718 South Alvarado (Buyer to Verify)

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a rare portfolio acquisition opportunity with assets located in some of the most dynamic Eastside markets – Silverlake, East Hollywood and Westlake. Consisting of six separate buildings, the properties are strategically located within 10 minutes of one another offering the opportunity to acquire a sizable presence in one of the most sought after infill markets in Los Angeles. The Eastside Collection is a unique opportunity to attain a rare portfolio asset in Los Angeles, a market that is still in the early stages of full recovery from Covid and is projected for significant rent growth in 2022 and beyond.

Exclusively Listed By

Financing By

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