$1,190,000

1117 N Alexandria Avenue, Los Angeles, CA 90029

6,541

Lot Size

3

# Of Units

Opportunity Zone Located Investment in East Hollywood. Upside potential on rents. Existing triplex with city approval to construct an ADU in garage to make this a 4 unit property. Even without the garage, there is plenty of parking for each unit on this 6,541 sq ft lot. The upstairs unit is spacious and has 2 bedrooms and views. The downstairs units are well laid out with 1 bedroom and 1 bath each. The triplex is in need of updating but has much of the solid wood cabinetry, solid wood floors and original fixtures which is what we are discovering that many Eastside Seekers want. The building has newer copper plumbing, water heaters, dual-pane windows, and sewer line work. Foundational piers and post tuneup was performed. Even though, the property recently passed the periodic L.A. City Housing inspection with no outstanding or flagged items, it is being marketed as a fixer and therefore being sold as-is for land value. Proximity to restaurants, shops, LA City College and Metro Red Line. The existing tenants have been excellent tenants and paid rent all through COVID with no excuses or problems at all. Owner is not interested to offer compensation to any of the legacy tenants to vacate or propose cash for keys. If any potential Buyer wishes this scenario, they would do so after close of escrow and not during escrow. Please do not approach or make contact with the tenants.

Facts & Features

MLS® # 21780348
Price $1,190,000
Bathrooms 0.00
Lot Size 6,541
Year Built 1924
Type Residential Income
Status Active
# Of Units 3

Community Information

Address 1117 N Alexandria Avenue
Area C20 - Hollywood
City Los Angeles
County Los Angeles
State CA
Zip Code 90029

Amenities

Parking Assigned
Garages Assigned
Is Waterfront No
Has Pool No

Interior

Interior Wood
Cooling None
Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed September 4th, 2021
Days on Market 12
Zoning LARD2
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentFrank Paul Barbano
OfficeBarbano Realty

Listing Map

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