833 S Alvarado Street, Los Angeles, CA 90057
List Price: $3.4M
Listing Status: Active
0Days on Market: 8
20 Bedrooms · 18 Bathrooms · 11,846 sq ft
Property Type: ResidentialIncome
Year Built: 1968
Lot Size: 16,210 sq ft
MLS Number: 26686025
About This Property
We are pleased to present our latest listing, 18 units located at 833 South Alvarado Street. This investment opportunity is positioned between Koreatown, Silver Lake, and MacArthur Park, with terrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 7% Cap Rate and 8.9 GRM, with projected rental upside of about 23% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and (16) 1Bed / 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.
Property Photos
