$11995000 Price Analysis   ♡   Los Angeles, CA 90004 60 bed 60 bath 41181 SqFt ($291/SqFt) 0.55 acre lot. Built 1990 Listed 2024-06-12, Taxes $155575 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 renovted. 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, pleasing bathrooms with new sinks and vanities, new LED fixtures throughout, new paint and new window coverings. All first-floor units have extremely big 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 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.
Presented by Janet Neman at
Kidder Mathews of California, Inc.
Property MLS #24-403099 from TheMLSCLAW
Full Bathrooms: 60
Heating Features: Central
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 24007
Parking Total: 58
Calculated Total Monthly Association Fees: 0
Number of Units: 30
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 86850
County: Los Angeles
Cap Rate: 5.05
Directions: South of Beverly Blvd, North of 6th St
Source Property Type: Residential Income
Area: Mid-Wilshire
Source Neighborhood: Mid-Wilshire
Parcel Number: 5518-013-024
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $3475000 + $9475000 $12950000 | $155575 |
| 2021 | $3189605 + $9553357 $12742962 | $154082 |
| 2020 | $3156900 + $9455400 $12612300 | $155679 |
| 2019 | $3708845 + $5494587 $9203432 | $112237 |
| 2018 | $3636123 + $5386850 $9022973 | $111624 |
| 2017 | $3564827 + $5281226 $8846053 | $109062 |
| 2016 | $3494929 + $5177673 $8672602 | $106272 |
| 2015 | $3442432 + $5099900 $8542332 | $104733 |
| 2014 | $1181482 + $2185747 $3367229 | $43749 |
| 2013 | $1176143 + $2175869 $3352012 | $43812 |
| 2012 | $1153082 + $2133205 $3286287 | $44359 |
| 2011 | $1130473 + $2091378 $3221851 | $43793 |
| 2010 | $1122025 + $2075748 $3197773 | $44260 |
| 2009 | $1124691 + $2080680 $3205371 | $42365 |
| 2008 | $1102639 + $2039883 $3142522 | $40636 |
| 2007 | $1081019 + $1999886 $3080905 | $39146 |
$11995000
TheMLSCLAW
Listing removed 2020-12-09
$0
AppfolioUnits
Listing removed 2020-12-09
$0
AppfolioUnits
Listing removed 2020-11-23
$0
AppfolioUnits
Listing removed 2020-11-23
$0
AppfolioUnits
Listed for rent 2020-11-08
$2500
AppfolioUnits
Listed for rent 2020-11-08
$2695
AppfolioUnits
Listing removed 2020-10-26
$0
AppfolioUnits
Listed for rent 2020-10-24
$2500
AppfolioUnits
Listed for rent 2020-10-24
$2695
AppfolioUnits
Listed for rent 2020-08-27
$2695
AppfolioUnits
Sold 2019-03-01
$12365000
Public Record
Sold 2014-01-14
$8375000
Public Record
Sold 1989-08-02
$198000
Public Record
Year Built: 1990
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 34
Levels or Stories: 3
Building Total Stories: 3
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.