130 South Alexandria Avenue
$11,995,000
60
60
41,181
41,181
$291
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...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.
- Listed by Janet Neman • DRE #01069127 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
- Listed by Angelica Gotzev • DRE #02053007 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 130 South Alexandria Avenue
Zoning
LAR3
Parcel Number5518013024
Total Units30.0
Living Area41181
Source Living AreaVendor Enhanced
AreaMid-Wilshire (C17)
Vacancy Rate3%
Lot Size Area24007
LISTING UPDATED: 06/19/2024 12:01 AM
Property Details for 130 South Alexandria Avenue
Status | Active |
---|---|
MLS # | 24-403099 |
Days on Market | 163 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1990 |
Lot Size | 0.55 AC / 24,007 SF |
County | Los Angeles County |
Building Information for 130 South Alexandria Avenue
Stories3Residences-Year Built1990Building Size-Lot Size0.55 AC / 24,007 SF
Property Information for 130 South Alexandria Avenue
Property History for 130 South Alexandria Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 130 South Alexandria Avenue
Taxable ValueLand$9,857,790Additions$3,615,390Total$13,473,180
Tax Record2024$166,318 ($13,860 / month)
Home Facts
Total Finished SqFt41,181 SqFtAbove Grade Finished SqFt41,181 SqFtLot Size24,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningLAR3CountyLOS ANGELESAPN5518-013-024
Schools near 130 South Alexandria Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Frank Del Olmo Elementary School PublicK to 5 | ||
Virgil Middle School Public6 to 8 | ||
Academic Leadership Community School Public9 to 12 | ||
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.