519 N Alexandria Avenue, Los Angeles, CA 90004

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Glen Henderson

[email protected] +1(619) 889-7646

$1,175,000

Est. payment - /mo

5 Beds

7,607 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID GD25175188

Bedrooms 5

Lot Size 7,607 Sqft

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

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 convenientjust minutes from major thoroughfares, freeway access, and downtown Los Angelesmaking 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 marketideal for investors, owner-users, or developers seeking value-add upside in a prime Hollywood location.

Location

State CA

County Los Angeles

Zoning Assessor

Direction West of Vermont, North of Beverly

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5520010019

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Listed by Carlos Borraez Keller Williams R. E. Services

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

519 N Alexandria Avenue Los Angeles, CA 90004

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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