Multifamily

1189 N Alexandria

1189 N Alexandria Ave, Los Angeles, CA 90029

Listing Price: $2,599,999

Cap Rate
3.40%
Number of Units
10
GRM
16.90
Occupancy
97.0%
Price/Unit
$260,000
Price/Gross SF
$412.44
Gross SF
6,304

Investment Overview

As the Exclusive Listing Agent, Marcus & Millichap West Los Angeles proudly presents the opportunity to purchase 1189 North Alexandria Ave, a two-story Ten-unit multifamily residence located in a highly desirable East Hollywood neighborhood of Los Angeles, tucked in a quiet residential area.

The subject property is a 6,304 Square foot Ten-unit multifamily residential property on a 6,511 square foot site, built-in 1964. The opportunity is located between Fountain Avenue and Santa Monica Boulevard, in East Hollywood Community of the City of Los Angeles, County of Los Angeles. As of today's date, the subject property was ninety percent occupied with renovation to the single vacant unit completed as of this date. Active Capital Investment activity in the area.

The building is of wood frame/stucco construction with a flat built-up composition roof. It consists of six one-bedroom, one bath, two-bedroom, two baths, and two singles units on each floor. The subject offers open-air entry points, walk-ways, and four-balconies two located on the East and two West corners of the building overlooking the Hollywood Hills. The interior unit layout is consistent throughout eight out of ten-units. It offers a well-diversified unit-mix with a living room, a kitchen, and ten covered parking spaces, 1.0 per unit.

The offering showcases gated on-site parking, a laundry room on-site, and a front and back yards with open space shared among tenants.

Investment Highlights

  • Prime East Hollywood Multifamily | Value-Add Opportunity
  • Opportunity Zones | Potential Tax Advantages
  • Government supported long-term investment
  • Views of The Hollywood Hills
  • Open-Air design | Good air flow | Natural lighting

Exclusively Listed By

  • Marvin Goldman

    Associate

    Email Marvin

    License(s): CA: 01951821

    West Los Angeles

Listing Price: $2,599,999

Cap Rate
3.40%
Number of Units
10
GRM
16.90
Occupancy
97.0%
Price/Unit
$260,000
Price/Gross SF
$412.44
Gross SF
6,304

Investment Highlights

  • Prime East Hollywood Multifamily | Value-Add Opportunity
  • Opportunity Zones | Potential Tax Advantages
  • Government supported long-term investment
  • Views of The Hollywood Hills
  • Open-Air design | Good air flow | Natural lighting

Investment Overview

As the Exclusive Listing Agent, Marcus & Millichap West Los Angeles proudly presents the opportunity to purchase 1189 North Alexandria Ave, a two-story Ten-unit multifamily residence located in a highly desirable East Hollywood neighborhood of Los Angeles, tucked in a quiet residential area.

The subject property is a 6,304 Square foot Ten-unit multifamily residential property on a 6,511 square foot site, built-in 1964. The opportunity is located between Fountain Avenue and Santa Monica Boulevard, in East Hollywood Community of the City of Los Angeles, County of Los Angeles. As of today's date, the subject property was ninety percent occupied with renovation to the single vacant unit completed as of this date. Active Capital Investment activity in the area.

The building is of wood frame/stucco construction with a flat built-up composition roof. It consists of six one-bedroom, one bath, two-bedroom, two baths, and two singles units on each floor. The subject offers open-air entry points, walk-ways, and four-balconies two located on the East and two West corners of the building overlooking the Hollywood Hills. The interior unit layout is consistent throughout eight out of ten-units. It offers a well-diversified unit-mix with a living room, a kitchen, and ten covered parking spaces, 1.0 per unit.

The offering showcases gated on-site parking, a laundry room on-site, and a front and back yards with open space shared among tenants.

Exclusively Listed By

  • Marvin Goldman

    Associate

    Email Marvin

    License(s): CA: 01951821

    West Los Angeles

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