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833 S Alvarado Street

Los Angeles (City), CA 90057
  • $3,750,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: SB24098700
$3,750,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Ratings & Info

Listing Agent(s): Josh Cohen of Keller Williams Beach Cities (310-939-9300)


Description

833 South Alvarado Street is an 18-unit investment opportunity positioned between Koreatown, Silver Lake, and MacArthur Park, withterrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 6.03% Cap Rate and 10.44 GRM, withprojected rental upside of about 31% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1 Bed / 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-30T00:30:35.32. 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 Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
www.pushpa4homes.com/homes/150565668
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833 S Alvarado Street Los Angeles (City), CA 90057

  • Price: $3,750,000
  • Status: Active
  • On Site: 14 Days
  • ID#: SB24098700
0
Beds
0
Baths
0
½ Baths
0.37
Acres
1968
Built
Neighborhood:
KREA - Koreatown
County:
Los Angeles
Area:
KREA - Koreatown
Property Description
833 South Alvarado Street is an 18-unit investment opportunity positioned between Koreatown, Silver Lake, and MacArthur Park, withterrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 6.03% Cap Rate and 10.44 GRM, withprojected rental upside of about 31% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1 Bed / 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.
Exterior Features

Entry Level 1 Entry Location Front Lot Features Street Level Number Of Separate Electric Meters 19 Parking Total 18 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 6.03 Common Interest Community Apartment Community Features Curbs Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 359148 Gross Scheduled Income 359148 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 226303 New Construction YN No Number Of Separate Gas Meters 19 Number Of Separate Water Meters 1 Operating Expense 129388 Other Expense 129388 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-30T00:30:35.32. 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 Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
 
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Pushpa Nagaraj Team | Compass
680 E. Colorado Blvd, Suite 400
Pasadena CA, 91101
Listing Agent(s): Josh Cohen of Keller Williams Beach Cities (310-939-9300)