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3900 W. 1st Street.

3900 W. 1st street, ,
1416
Sold

Marcus & Millichap, as the exclusive listing agent is pleased to present a twelve-unit multifamily property located on the corner of 1st St & Alexandria Ave. Built in 1967 & renovated in 2016, this offering has a desirable unit mix of six largeone-bedroom/one-bathroomunits & six huge two-bedroom/two-bathroom units. Tenant amenities include; spacious floorplans, gated parking, on-site laundry, privatebalconies & an expansive open courtyard featuring a beautiful patio with ample seating adding to the exclusivity of the building.

Situated in Koreatown, the subject property is central & only minutes away to vibrant locations including Downtown Los Angeles, Dodger Stadium, the Griffith Park Observatory & L.A. Live. Boasting a Walk Score of86 (very walkable), the units are just steps to a plethora of local attractions including hipster coffeeshops &dining options. Additionally, the units are across the street from the DASH bus stop & a short walk to the Vermont/ Beverly Metro Station linking to the rest of Los Angeles.

3900 W 1st St is an excellent opportunity for an investor to purchase a well located asset with high visibility in the heart of Los Angeles.

Property Highlights:

  • Walking distance to Vermont/Beverly Metro line
  • Large/Spacious units
  • Strong rental upside
  • Seismic retrofit has been completed

Address: 3900 W. 1st street
State:
State/County:
Zip: 90004
Country: United States
Property Id : 525
Property Size: 10,932 ft2
Property Lot Size: 0 ft2
Units: 12
Building Sqft: 10932
Price Per Sqft: $320.16
Price Per Unit: $291,667
Year Built: 1967

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Eli Appel

First Vice President Investments
818.212.2707
eli.appel@marcusmillichap.com

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