130 South Alexandria Avenue

Los Angeles, CA 90004

$11,995,000
Price
60
Beds
60
Baths
41,181 Sq. Ft.
$291 / Sq. Ft.
41,181
Sq. Ft.
$291
per Sq. Ft.

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.
  1. Listed by Janet Neman • DRE #01069127 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
  2. Listed by Angelica Gotzev • DRE #02053007 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 130 South Alexandria Avenue

Zoning
LAR3
Parcel Number
5518013024
Total Units
30.0
Living Area
41181
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
3%
Lot Size Area
24007
LISTING UPDATED: 06/19/2024 12:01 AM

Property Details for 130 South Alexandria Avenue

StatusActive
MLS #24-403099
Days on Market163
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1990
Lot Size0.55 AC / 24,007 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 30
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $1,049,045
  • Net Operating Income: $606,075.00
  • Gross Income: $972,518
  • Cap Rate: 5.05%
  • Gross Rent Multiplier: $12.33
  • Total Annual Expense: 337267
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.5511
  • Lot Size Square Feet: 24007
Parking Details
Parking Details
  • Parking Garage: Private, Controlled Entrance
  • Total Parking: 58
  • Parking Features: Private, Controlled Entrance
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,592.00
  • Unit Actual Rent: $77,769.00
  • Unit Projected Rent: $86,850.00
  • Like Units: 30
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,544,500.00
  • Assessed Improvement Percent: 26.83
  • Assessed Land Value: $9,664,500.00
  • Assessed Land Percent: 73.17
  • Assessed Total Value: $13,209,000.00

Property History for 130 South Alexandria Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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130 South Alexandria Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on June 11, 2024 by Kidder Mathews of California, Inc., it's currently listed at $11,995,000. It has been on the market for a total of 163 days and was last sold on November 12, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Frank Del Olmo Elementary School, Virgil Middle School and Academic Leadership Community School. 130 South Alexandria Avenue is a 60-bed, 60-bath, 41,181 sqft multi-family home built in 1990.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Janet Neman, DRE #01069127; Kidder Mathews of California, Inc., Angelica Gotzev, DRE #02053007

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.