130 N Alexandria Ave, Los Angeles, CA, 90004
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Property Details
54
54
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 54 • Bathrooms: 54 • Square Feet: 36012 • Lot/Size: 24,001 sqft lot
Description: We are pleased to present The Orleans Apartments, a 54-unit investment opportunity in prime Koreatown just east of Normandie Ave and south of Beverly Blvd. The subject property features an ideal unit mix of 54 one-bedrooms with 57 subterranean parking spaces; four units will be delivered vacant at the close of escrow. This is a value-add opportunity with 21% rental upside achievable as units turn; units are well-maintained but can be enhanced to capture premium rents with a renovation program including luxury vinyl plank flooring, stainless steel appliances, custom cabinetry and countertops, smoothed ceilings and light fixtures, and HVAC; exterior upgrades could include paint and common are
Location
Address
130 N Alexandria Ave, Los Angeles, CA, 90004
City
Los Angeles
Features and Finishes
Year Built: 1971; [object Object]; [object Object]; [object Object]
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