128 N Alvarado Street
Los Angeles, CA 90026
- – beds
- – baths
- – sqft
- 4,601 sqft lot
- 1918 build
- – on site
We are pleased to present the opportunity to acquire 128 North Alvarado Street, a four-unit apartment community in the center of some of the most desired neighborhoods in Los Angeles. The property borders the densely populated neighborhoods of Echo Park and Koreatown and is only ten minutes from Downtown Los Angeles. The property's infill location and rental upside offers an investor immediate value-add potential. Situated on a 4,601 square foot parcel, the property features a well balanced unit-mix, consisting of one studio, one, one-bedroom/one-bath, one two-bedroom/one-bath, and one three-bedroom/two-bath. There have been a number of recent upgrades to select units including updated HVAC, plumbing, & electrical upgrades as well as a new furnace, new dual pane windows, and new kitchen cabinets. Current ownership has invested nearly $80,000 into capital improvements over the last 18 months. The two-story building also features four parking spaces with gated entry. The subject property's location has demonstrated meaningful appreciation in both the single family home market and the rental market as Angelenos continue to move into the region and find a shortage of housing options. With a slim development pipeline in the immediate vicinity, this supply/demand balance should promote strong rent growth over the long term.
Listed By CRMLS_CA / Sean Rosenzweig / Marcus & Millichap
Last checked:
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Last updated Nov 1, 2024
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MLS# 24456611 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1918
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:3080.00
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# of Buildings:2
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Total Number Of Units:4
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:North of Beverly Boulevard & West of North Westlake Avenue
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Latitude:34.06734500
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Longitude:-118.26950800
The Property
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Property Type:Residential Income
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Zoning:LAR4
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Lot Size Area:4601.0000
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Lot Size Acres:0.1056
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Lot Size SqFt:4601.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5157021012
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:No
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Parking:None
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Parking Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/24/24
Oct 24, 2024
|
Listed / Active | CRMLS_CA | $1,030,000 | |
6/6/23
Jun 6, 2023
|
Listed / Active | BRIDGE | ||
6/2/23
Jun 2, 2023
|
Listed / Active | CRMLS_CA |