$3,600,000

1860 Alexandria Avenue, Los Angeles 90027

1

Bed

2

Baths

9,920

Square feet

10,497

Lot Size

16

# Of Units

Listing Agent
Nick Astrupgaard - KW Commercial Studio City

1860 North Alexandria Avenue is being offered for sale for the first time in nearly 50 years. The offering is located within the Hollywood submarket, considered one of the country's world-class employment centers and offers access to an enormous and diverse set of employers. This 16-unit garden-style apartment community is situated on the southeast corner of Franklin Avenue and Alexandria Avenue within the highly coveted Los Feliz zip code of 90027. The immediate area has historically provided investors with exceptional long-term capital appreciation and wealth preservation.1860 North Alexandria Avenue, built in 1951, features an ideal unit composition of Twelve (12) One-Bedroom | One-Bathroom and Four (4) Single | One-Bathroom apartment homes surrounding a quiet gated courtyard with mature landscaping. The oversized corner parcel measures 10,494 square feet. Updated unit interiors feature original oak flooring, tiled baths and kitchens, wooden windows, refrigerator, stove, dishwasher, and abundant closets/storage. The property demonstrates genuine pride of ownership, with multiple capital improvements made, specifically new plumbing, including replacing horizontal lines and risers, which was completed in 2010. The mandatory soft-story retrofit was completed in 2019, new handrails were installed on the staircases and walkways in 2021, and gas shut-off valves were installed in 2019. Property attributes include 12 vehicle parking spaces (6 individual garages and 6 on-grade spaces), a common area laundry room, separate gas & electrical utilities, and one central hot-water tank. The offering is ideal for forward-thinking, long-term investors expecting meaningful rental growth/value appreciation in an outstanding area. 1860 North Alexandria Avenue is centrally located in the 90027 / Los Feliz area, one of LA's most stable and desirable neighborhoods. Furthermore, the subject property offers residents access to various entertainment venues, cultural destinations, and dining options within Los Feliz itself and neighboring Silver Lake, Hollywood, and DTLA.

Facts & Features

MLS® # 24456523
Price $3,600,000
Bedrooms 1
Bathrooms 2.00
Square Footage 9,920
Lot Size 10,497
Year Built 1951
Type Residential Income
Status Active
# Of Units 16

Community Information

Address 1860 Alexandria Avenue
Area 637 - Los Feliz
City Los Angeles
County Los Angeles
Zip Code 90027

Amenities

Parking Spaces 12
Parking Covered, Uncovered
Garages Covered, Uncovered
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed October 24th, 2024
Days on Market 235
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentNick Astrupgaard
OfficeKW Commercial Studio City

Listing Map

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