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$1,150,000
Est. payment /mo
3,833 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,833 sqft
Price per Sqft $300
MLS Listing ID CL26779659
HOA Y/N No
Year Built 1929
Lot Size 6,900 Sqft
Acres 0.1584
Property Sub-Type Other
Property Description
We are pleased to offer for sale 328 North Alexandria Avenue, an eight-unit apartment property located just north of Beverly Boulevard in the East Hollywood submarket of Los Angeles, bordering Koreatown to the south.The subject property offers easy access to Downtown Los Angeles, Hollywood, and the Mid-Wilshire corridor, with the Metro Red Line's Vermont/Beverly Station located within walking distance. East Hollywood is one of the most centrally located and culturally diverse neighborhoods in Los Angeles. Residents enjoy a dense mix of restaurants, cafes, and retail along Vermont Avenue and Melrose Avenue, with Thai Town, Little Armenia, and the dining and nightlife corridors of Koreatown all within close reach.Situated on a 6,900-square-foot parcel, the property is comprised of three studios and five one-bedroom units totaling 3,833 rentable square feet. Built in 1929, the asset reflects the classic architectural character of the neighborhood. The property has 53% remaining rental upside achievable through interior renovations and exterior curb-appeal improvements.328 North Alexandria Avenue offers investors an opportunity to acquire a value-add asset in one of the most central infill submarkets of Los Angeles. The combination of in-place cash flow and substantial mark-to-market potential make 328 North Alexandria Avenue a compelling acquisition opportunity.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5520023003
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Listed by Sean Rosenzweig • Marcus & Millichap