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