Property listed by Keller Williams Realty, Joshua Cohen 310-375-3511
$3,395,000
We are pleased to present our latest listing, 18 units located at 833 South Alvarado Street. This investment opportunity is positioned between Koreatown, Silver Lake, and MacArthur Park, with terrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 7% Cap… Read More Rate and 8.9 GRM, with projected rental upside of about 23% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and (16) 1Bed / 1 Bath units. The building is 11,846 square feet and the units are large, averaging about 650 square feet each, and many have access to private patios. The grounds also feature onsite laundry and secure parking for all units. Soft-story seismic retrofit work has also been completed, and units are individually metered for gas and electricity. With a terrific walk score of 96, the property is surrounded by many great amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
20
Square Ft.
11,846
Lot Size
0.37 Acres
Year Built
1968
MLS Number
26686025
Additional Details
Building
Built in 1968, Living area: 11846.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
ForcedAir
Income
Gross Income: $381,337, Net Operating Income: $237,760
Lot
0.3721 acres
Parking
18 total parking spaces, Covered
Taxes
Parcel Number: 5141021021
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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