128 N Alvarado Street, Los Angeles, CA 90026


Square feet


Lot Size


# Of Units

Listing Agent
Sean Rosenzweig - Marcus & Millichap

I am pleased to present the opportunity to acquire 128 North Alvarado Street, a four-unit apartment community in the center of some of the most desired neighborhoods in Los Angeles. The property borders the densely populated neighborhoods of Echo Park and Koreatown and is only ten minutes from Downtown Los Angeles. The property's infill location and rental upside offers an investor immediate value-add potential. Situated on a 4,601 square foot parcel, the property features a well balanced unit-mix, consisting of one studio, one one-bedroom/one-bath, one two-bedroom/one-bath, and one three-bedroom/two-bath. The studio will be delivered vacant, allowing an investor to immediately capture an estimated rental upside totaling 30 percent across all units. The two-story building also features four parking spaces with gated entry. The subject property's location has demonstrated meaningful appreciation in both the single family home market and the rental market as Angelenos continue to move into the region and find a shortage of housing options. With a slim development pipeline in the immediate vicinity, this supply/demand balance should promote strong rent growth over the long term.

Facts & Features

MLS® # 23230949
Price $1,150,000
Bathrooms 0.00
Square Footage 3,080
Lot Size 4,601
Year Built 1918
Type Residential Income
Status Active
# Of Units 4

Community Information

Address 128 N Alvarado Street
Area C21 - Silver Lake - Echo Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90026


Parking Spaces 4
Parking Garage, Tandem
Garages Garage, Tandem
Is Waterfront No
Has Pool No


Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed January 9th, 2023
Days on Market 80
Zoning LAR4
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentSean Rosenzweig
OfficeMarcus & Millichap

Listing Map

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