Marcus & Millichap, as the exclusive listing agent, is pleased to present a seven-unit multifamily property located on Alexandria Avenue, in between Beverly Blvd & 1st St. Built in 1988, this asset is not subject to rent control; and with a desirable unit mix of six 1-bedroom/1-bathroom units & one 2-bedroom/1.5-bathroom units, it is highly desirable for those looking to quickly capitalize on a substantial rental upside. Tenant amenities include drought-resistant landscaping, new windows, and ample parking to the rear of the property.
Boasting a walk score of 85 and an excellent transit score, this property is a short walk to the Vermont/Beverly Metro Station. Not only does this allow accessibility and convenience for those looking to connect to the rest of Los Angeles, it is a short distance to vibrant local attractions such as DTLA, Dodger Stadium, LA Live & the Griffith Park Observatory among others.
149 N Alexandria Ave is a stellar opportunity, as an investor can purchase a well located asset with a tremendous value-add component by bringing the rents to market in a rapidly gentrifying pocket of Los Angeles, where rent growth is expected to continue to rise as tenants are priced out of the surrounding pockets.