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 7.25% Cap Rate and 8.64 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.
Features
20 bedrooms
18 bathrooms
directions_car18 carspaces
11846 sq. ft. floor area
crop_free16210 sq. ft. lot size
cottageOther
Property history for 833 S Alvarado St
2014
Sold
$140,068
26 Nov 2014
Happy sellers in Los Angeles
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Local market activity for 20 bedroom other properties in Los Angeles
Sold
For Sale
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