CA > Los Angeles
Los Angeles, CA 90004,519 N Alexandria Avenue
Los Angeles, CA 90004,519 N Alexandria Avenue
Los Angeles, CA 90004,519 N Alexandria Avenue
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Satya Dasari

Satya Dasari

+1(408) 666-6231
Listed by Carlos Borraez • Keller Williams R. E. Services
$1,175,000
Est. payment /mo
3,464 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,464 sqft

Price per Sqft $339

MLS Listing ID CRGD25175188

HOA Y/N No

Year Built 1922

Lot Size 7,607 Sqft

Property Sub-Type Triplex

Source Datashare California Regional

Property Description

Fantastic investment opportunity located in one of the most desirable pockets of Hollywood. This unique property consists of two large units totaling over 3,000 square feet in the character-rich main building, originally constructed in 1922, along with a detached one-bedroom house built in 1947. Positioned on a sloped lot, the property offers Pick-a-boo views of the surrounding city and skyline. The location is exceptionally convenient-just minutes from major thoroughfares, freeway access, and downtown Los Angeles-making it highly attractive to future tenants or end-users alike. The property may need some fixing as current ownership has lived on the property for over 30 Years. With pro forma figures showing a GRM around 10x and a projected CAP rate of approximately 6.7%, the financial potential here is significant. Additionally, the property includes a three-car garage with excellent ADU conversion potential, creating an opportunity to increase returns even further. Some updates are needed, but the solid structure, generous unit sizes, and unbeatable location provide a strong foundation for long-term appreciation and income. A rare find in today's market-ideal for investors, owner-users, or developers seeking value-add upside in a prime Hollywood location.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry Inside

Building

Lot Description Other

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Satya Dasari

Satya Dasari

+1(408) 666-6231

Agent | License ID: 01327436

Agent License ID: 01327436

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