$3,200,000

213 S Alexandria Avenue, Los Angeles, CA 90004

7,305

Square feet

7,263

Lot Size

10

# Of Units

Listing Agent
Bijan Raphael - Real Estate eBroker Inc.

We are pleased to present the 10-unit multifamily, a great income/investment property, located at 213 S Alexandria Ave in bustling Korea-Town. Originally built in 1958, seven out of 10 units of this 2-story building are renovated in 2018/2019: New kitchen cabinet, quartz countertop, stainless steel appliances, full-size gas stove and refrigerator, microwave, recessed lighting, new windows and hardwood floors. This property has 34% upside potential. Property's unit-mix consists of one 2-bed/1-bath, eight 1-bed/1-bath and one studio/1-bath. The Soft Story Retrofit is done. The property is separately metered for gas and electric utilities, keeping landlord's expenses low. There is a credit card operating laundry in a room on site for additional income. There are 5 tandem parking spaces for a total of 10-car uncovered garage. Brand new hot water heater installed in the building recently. Zoned LAR4 with a density bonus and Opportunity Zone. With its NOI at $138,891, this property boasts a CAP rate of 4.34% and GRM 15.36 times Gross.

Facts & Features

MLS® # 22196959
Price $3,200,000
Bathrooms 0.00
Square Footage 7,305
Lot Size 7,263
Year Built 1958
Type Residential Income
Status Active
# Of Units 10

Community Information

Address 213 S Alexandria Avenue
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90004

Amenities

Parking Spaces 10
Parking Assigned, Garage, Community Structure, Tandem, Uncovered
# of Garages 10
Garages Assigned, Garage, Community Structure, Tandem, Uncovered
View City Lights
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Carpet, Wood
Interior Features Ceiling Fan(s)
Appliances Dishwasher, Disposal, Microwave, Refrigerator
Cooling Electric
Has Basement No
Fireplace No
# of Stories 2
Stories One

School Information

District Los Angeles Unified

Additional Information

Date Listed September 20th, 2022
Days on Market 9
Zoning LAR4
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentBijan Raphael
OfficeReal Estate eBroker Inc.

Listing Map

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