725 S Alvarado Street, Los Angeles, CA 90057
List Price: $4M
Listing Status: Active
Original List Price: $4.25M
0Days on Market: 24
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1923
Lot Size: 11,738 sq ft
MLS Number: SR26162857
About This Property
Alvarado Apartments - a 35-unit mixed-use value-add in the heart of Westlake / MacArthur Park, comprising 24 residential units (23 studios + 1 one-bedroom) and 11 ground-floor commercial spaces including two restaurants and retail. Fully repiped and rewired in 2018 with fire sprinklers throughout. Offered at a 7.13% in-place cap rate rising to a 8.21% pro forma. Designated Residential Hotel on C2-2 zoning with a Transit Oriented Communities and State Density Bonus path to substantial added density. On-site parking, ground-floor retail income, and steps to the Metro B/D lines. Meaningful upside through studio mark-to-market, parking lease-up and Section 8 / HACLA-supported income. Buyer to verify all figures, unit legality, square footage and development potential.
Listing provided by: Logan Altman DRE #01965826 310-903-0222 logan@altmanapartments.com, Altman Apartments LLC
Source: CRMLS, MLS #: SR26162857
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.