Homes for sale - 130 S Alexandria AVE, Los Angeles, CA 90004

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Shannon Louis Petluck

shannon@shannonlouis.com +1(949) 664-4349

$ 11,995,000

Est. payment | -/mo

60 Beds

60 Baths

41,181 SqFt

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$ 11,995,000

Est. payment | -/mo

Save

60 Beds

60 Baths

41,181 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 41,181 sqft

Price per Sqft $291

MLS Listing ID 24403099

Bedrooms 60

HOA Y/N No

Year Built 1990

Lot Size 0.551 Acres

Acres 0.5511

Property Description

130 S Alexandria Ave is a 30-unit apartment building located in prime Koreatown, one of the most desirable and rapidly developing submarkets of Los Angeles. Originally constructed in 1990, the Property is a luxury three-story structure that has undergone significant renovations and offers the opportunity to add value through additional renovations. The Property features thirty well-designed, two bedroom, two bath units with open floor plans.130 S Alexandria offers investors a rare opportunity to acquire a sizeable trophy-asset within a high-demand rental market. Approximately 20 of the units have been renovated. The fully renovated units are equipped with high-end finishes which include new stainless-steel appliances, quartz countertops, vinyl plank flooring throughout, new kitchen cabinets and backsplashes, beautiful bathrooms with new sinks and vanities, new LED fixtures throughout, new paint and new window coverings. All first-floor units have extremely spacious patios, and all upper floor units have high, vaulted ceilings and balconies with expansive views of Downtown Los Angeles or Hollywood/Observatory. Less than half of the units have been fully renovated, leaving room for an investor to capitalize on the remaining rental upside. The Property has also undergone exterior capital improvements including a brand-new roof, new exterior paint, new flooring and new LED lighting throughout. The Property has secured entry with an intercom and 58 gated, underground parking spaces for all tenants. Additionally, each floor is conveniently equipped with a laundry room. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the remaining rental upside. 130 S Alexandria is ideally positioned in one of the most sought-after and vibrant communities in Los Angeles. The Property is a Walker's Paradise, conveniently located amongst nearby amenities including entertainment venues, restaurants, shopping, hotels, and nightlife. Tenants are only a 12-minute walk to the Vermont / Beverly Metro Red Line Station and less than a mile from the Wilshire /Normandie Purple Line Station connecting to riders to the greater Los Angeles Area. Located in an area with immense economic growth, 130 S Alexandria provides investors with the opportunity to acquire a well maintained, trophy-asset, which is poised to deliver long term appreciation and rent growth.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Garage Controlled Entrance, Private

Parking Type Controlled Entrance, Private

Total Parking Spaces 58

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5518013024

Special Listing Condition Standard

Listed by Janet Neman • Kidder Mathews of California, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 664-4349

shannon@shannonlouis.com

4040 Barranca Pkwy Suite 150, Irvine, CA, 92604

130 S Alexandria AVE Los Angeles, CA 90004

Shannon Louis Petluck

Key Details

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Interior

Exterior

Building

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130 S Alexandria AVE