833 S Alvarado Street

Los Angeles , CA 90057

MLS#: 25575981

$3,395,000

Status: Active
Listing number: 25575981
Listing provided by: Keller Williams Realty
Listing agent phone: None
Last update: 3 days ago
New on site 4 days ago
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Property

Beds

20

Full Baths

None

1/2 Baths

None

Year Built

1968

Sq.Footage

11,846

We are pleased to present our latest listing, 18 units located at 833 South Alvarado Street. This investment opportunity is positioned between Koreatown, Silver Lake, and MacArthur Park, with terrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 6.93% Cap Rate and 9.05 GRM, with projected rental upside of about 26% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1Bed / 1 Bath units. The building is 11,846 square feet and the units are large, averaging about 650 square feet each, and many have access to private patios. The grounds also feature onsite laundry and secure parking for all units. Soft-story seismic retrofit work has also been completed, and units are individually metered for gas and electricity. With a terrific walk score of 96, the property is surrounded by many great amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines.

Features & Amenities

Interior

  • Total Bedrooms

    20

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Forced Air

Exterior

  • Garage

    No

  • Parking

    Covered

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.3722

  • Property Type

    Residential Income

Price

  • Sales Price

    $3,395,000

  • Sq. Footage

    11, 846

  • Price/SqFt

    $286

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

Elementary School

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Listing Courtesy of Joshua Cohen , Keller Williams Realty

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(818) 321-0175

Lina@theosrealty.com


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We are pleased to present our latest listing, 18 units located at 833 South Alvarado Street. This investment opportunity is positioned between Koreatown, Silver Lake, and MacArthur Park, with terrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 6.93% Cap Rate and 9.05 GRM, with projected rental upside of about 26% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1Bed / 1 Bath units. The building is 11,846 square feet and the units are large, averaging about 650 square feet each, and many have access to private patios. The grounds also feature onsite laundry and secure parking for all units. Soft-story seismic retrofit work has also been completed, and units are individually metered for gas and electricity. With a terrific walk score of 96, the property is surrounded by many great amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines.

833 S Alvarado Street

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