213 S Alexandria Avenue

    Los Angeles (City), CA 90004
    • $2,950,000
    • STATUS: Active Under Contract
    • ON SITE: 254 days
    • ID#: PW19030233
    Under Contract
    UPDATED: 87 min ago
    $2,950,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,305
      SQFT
    • $404
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    MAJOR REDUCTION*******The 10 units Alexandria Apartments multi-family asset, recently 6 out of 10 has been renovated magnificently the 7th one will be done soon, new kitchen cabinet, quartz countertop, stainless steel appliances, full-size gas stove, microwave, full-size french fridge, recess lights, new window, synthetic hardwood floor located in bustling Koreatown district in a quiet street. This property has 35% upside potential. property's unit mix consists of (1)Studio ; (8) one bed/one bath; (1) 2 bed/1 bath units. The SOFT STORY RETROFIT has been done. The property is separately metered for gas and electric utilities, keeping landlords expenses low. There is a laundry room on site and there are 5 tandem parking spaces for a total of 10 cars. Zoned LAR4 With a density bonus.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T00:33:05.587. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/91686634

    213 S Alexandria Avenue Los Angeles (City), CA 90004

    • Price: $2,950,000
    • Status: Active Under Contract
    • Updated: 87 min ago
    • ID#: PW19030233
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,305
    SQFT
    $404
    $/SQFT
    1958
    Built
    Neighborhood:
    KREA - Koreatown
    County:
    Los Angeles
    Area:
    KREA - Koreatown
    Property Description
    MAJOR REDUCTION*******The 10 units Alexandria Apartments multi-family asset, recently 6 out of 10 has been renovated magnificently the 7th one will be done soon, new kitchen cabinet, quartz countertop, stainless steel appliances, full-size gas stove, microwave, full-size french fridge, recess lights, new window, synthetic hardwood floor located in bustling Koreatown district in a quiet street. This property has 35% upside potential. property's unit mix consists of (1)Studio ; (8) one bed/one bath; (1) 2 bed/1 bath units. The SOFT STORY RETROFIT has been done. The property is separately metered for gas and electric utilities, keeping landlords expenses low. There is a laundry room on site and there are 5 tandem parking spaces for a total of 10 cars. Zoned LAR4 With a density bonus.
    Exterior Features

    Garage Spaces 10.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.11 Community Features Curbs Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 1300.00 Gross Income 200068.00 Gross Multiplier 14.57 Gross Scheduled Income 202468.00 Improvements Amount 575000 Insurance Expense 3200.00 Land Lease YN No Land Value 1300000 Laundry Income 1000.00 Laundry YN Yes Maintenance Expense 3250.00 Net Operating Income 150668.00 New Construction YN No New Taxes Expense 35400.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 0 Number Wall AC 10 Operating Expense 0.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Subdivision Name Other C17-Mid Wilshire Total Expenses 51800.00 Trash Expense 2664.00 Water Sewer Expense 4800.00 Water Source Other Year Built Source Assessor Zoning Lar4

    Listing provided courtesy of Hamid Hank Bahrami of Alta Mira Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T00:33:05.587. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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