$3,750,000
- Beds
- Unknown
- sq ft
- 11,846
833 S Alvarado St, Los Angeles, CA 90057
833 S Alvarado St
Los Angeles, CA 90057
- 47 days on market
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.
Details
Property type
Apartment
Lot size
0.3722 acres
Price per sq ft
$317
Year built
1968
Price History
05/15/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #SB24098700
Listed
$3,750,000
Schools & Community
Neighborhood:
Pico-Union
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Curbs
Community features:
Curbs
Status: Active
Tomo last checked: 07/01/2024 at 7:15 AM
Listing updated: 05/25/2024 at 9:00 PM
Listed by: Josh Cohen, Keller Williams Beach Cities Phone #: (310) 939-9300
MLS: CRMLS #SB24098700
![CRMLS logo](/_next/static/media/crmlsLogo.7699ca4d.png)
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