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328 N Alexandria Ave

Los Angeles CA 90004

5
8
8
3833 sq. ft.
6900 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

5 bedrooms
8 bathrooms
8 carspaces
3833 sq. ft. floor area
6900 sq. ft. lot size
Other

Property history for 328 N Alexandria Ave

2019
Sold
$1,285,000
22 Aug 2019 by Neema Ahadian, of Marcus & Millichap

Happy sellers in Los Angeles

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We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 5 bedroom other properties in Los Angeles

In the last 12 months, 1 five-bedroom other similar to 328 N Alexandria Ave, have been sold.

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Sales:
(619) 566-0008
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