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149 N ALEXANDRIA AVE.

$ 1,824,000
149 N Alexandria Ave , ,
812
Active

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.

Address: 149 N Alexandria Ave
State:
State/County:
Zip: 90004
Country: United States
Property Id : 600
Price: $ 1,824,000
Property Size: 4,145 ft2
Property Lot Size: 6,098 ft2
Bedrooms: 8
Bathrooms: 7.5
Units: 7
Building Sqft: 4145
Price Per Sqft: $438.84
Price Per Unit: $259,857
Year Built: 1988

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