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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: Checking… • Last updated Nov 1, 2024 •

MLS# 24456611 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1918
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

3080.00
Total Number Of Units:

4
# of Buildings:

2
Stories Total:

2

Interior

Levels:

Two

Location

Directions:

North of Beverly Boulevard & West of North Westlake Avenue
Latitude:

34.06734500
Longitude:

-118.26950800

The Property

Property Type:

Residential Income
Zoning:

LAR4
Lot Size Area:

4601.0000
Lot Size Acres:

0.1056
Lot Size SqFt:

4601.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5157021012

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

No
Parking:

None
Parking Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

AT&T Internet

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price
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

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This multifamily located in Central LA, Los Angeles, CA 90026 is currently for sale for $1,030,000. 128 N Alvarado Street is a – square foot multifamily with – beds and – baths that has been on Estately for 59 days. 128 N Alvarado Street is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 90, making it very walkable. This multifamily is in the attendance area of Ramon C Cortines School Of Visual And Performing Arts, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Business And Tourism, Rosemont Avenue Elementary School, Belmont Senior High School, Lake Street Primary School, Edward R. Roybal Learning Center, Sal Castro Middle School, Miguel Contreras Learning Complex - School Of Social Justice, and Miguel Contreras Learning Complex - Acdemic Ldrshp Community.

Listing Courtesy of: CRMLS_CA and Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of 23:51 on Dec 21.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.