Multifamily
341 S Alvarado St
341 S Alvarado St, Los Angeles, CA 90057
Listing Price: $6,600,000
Investment Overview
Marcus and Millichap is proud to present 314 S Alvarado St, an apartment investment opportunity located in the highly sought-after Westlake neighborhood of Los Angeles. Located on Alvarado St, between W 3rd St and 6th St and less than a block away from MacArthur Park. At the asking price, the property is being offered at $290 PSF and presents significant rental upside of over 40% as units turn. High Walk Score of 93, 314 S Alvarado St is located one block from the Metro Red / Purple line making it a walkers paradise with many nearby markets, shops, schools and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St, as well as the St. Vincent Medical Center. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such as 1800 W Beverly Blvd (243 units), Inspire Echo Park (90 units), and 1999 W 3rd St (137 units).
341 S Alvarado St
Investment Highlights
- an apartment investment opportunity Westlake, located between W 3rd St & W 6th St, walking distance to MacArthur Park
- The property features a unit mix made up of 24 singles and 9 one-bedrooms and 4 two-bedrooms
- High Walk Score of 93, residents benefit from multiple metro bus line stops along 6th Ave and just one mile from the metro rail lines
- Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St as well as the St. Vincent Medical Center
- Ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such as 1800 W Beverly Blvd (243 units), Inspire Echo Park (90 units), and 1999 W 3rd St (137 units)
Exclusively Listed By
Financing By
Listing Price: $6,600,000
Investment Highlights
- an apartment investment opportunity Westlake, located between W 3rd St & W 6th St, walking distance to MacArthur Park
- The property features a unit mix made up of 24 singles and 9 one-bedrooms and 4 two-bedrooms
- High Walk Score of 93, residents benefit from multiple metro bus line stops along 6th Ave and just one mile from the metro rail lines
- Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St as well as the St. Vincent Medical Center
- Ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such as 1800 W Beverly Blvd (243 units), Inspire Echo Park (90 units), and 1999 W 3rd St (137 units)
Investment Overview
Marcus and Millichap is proud to present 314 S Alvarado St, an apartment investment opportunity located in the highly sought-after Westlake neighborhood of Los Angeles. Located on Alvarado St, between W 3rd St and 6th St and less than a block away from MacArthur Park. At the asking price, the property is being offered at $290 PSF and presents significant rental upside of over 40% as units turn. High Walk Score of 93, 314 S Alvarado St is located one block from the Metro Red / Purple line making it a walkers paradise with many nearby markets, shops, schools and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St, as well as the St. Vincent Medical Center. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such as 1800 W Beverly Blvd (243 units), Inspire Echo Park (90 units), and 1999 W 3rd St (137 units).
Exclusively Listed By
Financing By
