Active

833 S Alvarado Street

Los Angeles CA, 90057

$3,750,000


$316.56 per sqft

Active

11,846 sqft

Condo

Built in 1968

Listed by Josh Cohen with Keller Williams Beach Cities 310-939-9300

833 South Alvarado Street is an 18-unit investment opportunity 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 6.03% Cap Rate and 10.44 GRM, with
projected rental upside of about 31% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1 Bed / 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.

SB24098700

MLS ID

May 15, 2024

Listed

May 26, 2024

Updated

Map

833 S Alvarado Street
Los Angeles CA, 90057

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.37 Acres


Lot Features

Street Level


Sewer

Public Sewer

Other Property Details

Area Name

KREA - Koreatown


Days on Market

10


Garage

No


Parking Total

18


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAC2


Buyer Agency Compensation

2%

Listing Contact: 310-939-9300 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/26/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/26/2024 at 6:07 AM UTC

 

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