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$1,099,000

Beds
4
sq ft
2,710

1117 N Alexandria Ave, Los Angeles, CA 90029

1117 N Alexandria Ave

Los Angeles, CA 90029

  • 8 days on market
Prime Hollywood Triplex Investment Opportunity! Seize this exceptional investment opportunity in the heart of Hollywood! This well-maintained triplex offers strong potential for rental income growth. The property features a spacious 2-bedroom, 1-bath unit on the top floor, along with two 1-bedroom, 1-bath units on the lower level. Situated on a 6,500+ square foot lot, it offers plenty of parking, including 2 enclosed garages.Recent building upgrades include new copper plumbing, water heaters, dual-pane windows, and an updated sewer line, providing a solid foundation for future enhancements. Additionally, foundational piers and a post-repair have been completed for added stability. The city has approved an Accessory Dwelling Unit (ADU) for the property, offering even more potential for value-add and increased rental income. With a prime location, this property is just steps away from a wide variety of restaurants, shops, LA City College, and the Metro Red Line, offering convenient access to downtown LA and beyond. This is your chance to invest in one of Los Angeles' most sought-after neighborhoods with tremendous upside potential! Please do not disturb tenants. All tenants have all agreed to a cash-for-keys arrangement.

Details

Property type

Est. home value

$1,011,993

Lot size

6,543 sq ft

Price per sq ft

$406

Year built

1924

HOA

No

Price History

03/18/2025
CLAW

CLAW #25513153

Listed
$1,099,000
+8.28%
03/10/2022
CLAW

CLAW #21780348

Sold
$1,015,000
+5.21%
06/15/2020
CLAW

CLAW #19471156

Sold
$964,754

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Quanta Finance Llc

Loan start date

October 2023

Original loan amount

$825,000

Est. remaining balance

Not provided

Interest rate

7.12%

Loan type

Credit Line (Revolving)

Seller

Home Capital America Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/28/2025 at 4:45 PM

Listing updated: 03/26/2025 at 5:36 AM

Listed by: Cheong Lee, Keller Williams Coastal Prop. Phone #: (562) 961-1400

MLS: CLAW #25513153

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