213 S ALEXANDRIA AVE, Los Angeles, Los Angeles County, CA, 90004 Los Angeles CA US
Property Details
10
1
Koreatown
MultiFamily
Description
We are pleased to present the 10-unit multifamily, a great income/investment property, located at 213 S Alexandria Ave in bustling Korea-Town. Originally built in 1958, seven out of 10 units of this 2-story building are renovated in 2018/2019: New kitchen cabinet, quartz countertop, stainless steel appliances, full-size gas stove and refrigerator, microwave, recessed lighting, new windows and hardwood floors. This property has 34% upside potential. Property's unit-mix consists of one 2-bed/1-bath, eight 1-bed/1-bath and one studio/1-bath. The Soft Story Retrofit is done. The property is separately metered for gas and electric utilities, keeping landlord's expenses low. There is a credit card operating laundry in a room on site for additional income. There are 5 tandem parking spaces for a total of 10-car uncovered garage. Brand new hot water heater installed in the building recently. Zoned LAR4 with a density bonus and Opportunity Zone. With its NOI at $138,891, this property boasts a CAP rate of 4.34% and GRM 15.36 times Gross. Find out more about this property. Request details here
Location
Address
213 South Alexandria Avenue, Los Angeles, California 90004, United States
City
Los Angeles
Features and Finishes
New kitchen cabinets, quartz countertop, stainless steel appliances, full-size gas stove and refrigerator, microwave, recessed lighting, new windows and hardwood floors
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