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Multifamily

341 S Alvarado St

341 S Alvarado St, Los Angeles, CA 90057

Listing Price: $4,850,000

Cap Rate
4.90%
Number of Units
37
GRM
8.95
Price/Unit
$131,081
Price/Gross SF
$160.89
Gross SF
30,145

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 $160 PSF and presents a significant rental upside of over 21% 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).

The subject property is being sold by way of Receivership. The sale will be subject to a court confirmation overbid hearing. Please contact the agents for additional details.

Investment Highlights

  • Marcus & Millichap is pleased to present 342 S Alvarado St, an apartment investment opportunity in Westlake, located between W 3rd St & W 6th St, within walking distance to MacArthur Park
  • The property features a unit mix made up of 24 singles and 9 one-bedrooms and four one-bedrooms plus dens
  • At the asking price, the property is being offered at $160 with significant rental upside of over 21% as units turn
  • The building has a gated, secure entrance and community laundry
  • 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

Multifamily

341 S Alvarado St

Listing Price: $4,850,000

Cap Rate
4.90%
Number of Units
37
GRM
8.95
Price/Unit
$131,081
Price/Gross SF
$160.89
Gross SF
30,145

Investment Highlights

  • Marcus & Millichap is pleased to present 342 S Alvarado St, an apartment investment opportunity in Westlake, located between W 3rd St & W 6th St, within walking distance to MacArthur Park
  • The property features a unit mix made up of 24 singles and 9 one-bedrooms and four one-bedrooms plus dens
  • At the asking price, the property is being offered at $160 with significant rental upside of over 21% as units turn
  • The building has a gated, secure entrance and community laundry
  • 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 $160 PSF and presents a significant rental upside of over 21% 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). The subject property is being sold by way of Receivership. The sale will be subject to a court confirmation overbid hearing. Please contact the agents for additional details.

Exclusively Listed By

Financing By

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