128 North Alvarado Street
$1,030,000
6
5
3,080
3,080
$334
Description
We are pleased to present the opportunity to acquire 128 North Alvarado Street, a four-unit apartment community in the center of some of the most desired neighborhoods in Los Angeles. The property borders the densely populated neighborhoods of Echo Park and Koreatown and is only ten minutes from Downtown Los Angeles. The property's infill location and rental upside offers an investor immediate value-add potential. Situated on a 4,601 square foot parcel, the property features a well balanced unit-mix,...We are pleased to present the opportunity to acquire 128 North Alvarado Street, a four-unit apartment community in the center of some of the most desired neighborhoods in Los Angeles. The property borders the densely populated neighborhoods of Echo Park and Koreatown and is only ten minutes from Downtown Los Angeles. The property's infill location and rental upside offers an investor immediate value-add potential. Situated on a 4,601 square foot parcel, the property features a well balanced unit-mix, consisting of one studio, one, one-bedroom/one-bath, one two-bedroom/one-bath, and one three-bedroom/two-bath. There have been a number of recent upgrades to select units including updated HVAC, plumbing, & electrical upgrades as well as a new furnace, new dual pane windows, and new kitchen cabinets. Current ownership has invested nearly $80,000 into capital improvements over the last 18 months. The two-story building also features four parking spaces with gated entry. The subject property's location has demonstrated meaningful appreciation in both the single family home market and the rental market as Angelenos continue to move into the region and find a shortage of housing options. With a slim development pipeline in the immediate vicinity, this supply/demand balance should promote strong rent growth over the long term.
- Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 128 North Alvarado Street
Zoning
LAR4
Parcel Number5157021012
Total Units4.0
Living Area3080
Source Living AreaAssessor
AreaSilver Lake (671)
Vacancy Rate0
Lot Size Area4601
LISTING UPDATED: 11/01/2024 12:01 AM
Property Details for 128 North Alvarado Street
Status | Active |
---|---|
MLS # | 24-456611 |
Days on Market | 58 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1918 |
Lot Size | 0.11 AC / 4,601 SF |
County | Los Angeles County |
Building Information for 128 North Alvarado Street
Stories2Residences-Year Built1918Building Size-Lot Size0.11 AC / 4,601 SF
Property Information for 128 North Alvarado Street
Property History for 128 North Alvarado Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 128 North Alvarado Street
Taxable ValueLand$835,619Additions$256,486Total$1,092,105
Tax Record2024$13,628 ($1,136 / month)
Home Facts
Total Finished SqFt3,080 SqFtAbove Grade Finished SqFt3,080 SqFtLot Size4,601 SqFtStyleQuadraplexYear Built1918ZoningLAR4CountyLOS ANGELESAPN5157-021-012
Schools near 128 North Alvarado Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 1 | |||
Public - | 2 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lake Street Primary School PublicK to 1 | ||
Rosemont Avenue Elementary School Public2 to 5 | ||
Sal Castro Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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