155 South Alvarado Street

Los Angeles, CA 90057

$1,500,000
Price
8
Beds
4
Baths
5,440 Sq. Ft.
$276 / Sq. Ft.
5,440
Sq. Ft.
$276
per Sq. Ft.

Description

Located in one of the prime areas in Los Angeles, this property offers a fantastic investment potential. Situated in a sought-after location, it holds a C2-1 zoning and an impressive 8,150 sq ft lot. The possibilities here are endless. You have the option to add two additional ADUs (Accessory Dwelling Units) or completely redevelop the property. There is also an option to rehab the existing units and increase your income by a staggering 73%. What's even better, this property qualifies for the Transit...Located in one of the prime areas in Los Angeles, this property offers a fantastic investment potential. Situated in a sought-after location, it holds a C2-1 zoning and an impressive 8,150 sq ft lot. The possibilities here are endless. You have the option to add two additional ADUs (Accessory Dwelling Units) or completely redevelop the property. There is also an option to rehab the existing units and increase your income by a staggering 73%. What's even better, this property qualifies for the Transit Oriented Communities (TOC) Tier 2 and Executive Directive 1 (ED 1) programs, making it an ideal choice for those interested in smart and sustainable development. The location itself is a dream. Nestled in the vibrant Westlake/Echo Park/Downtown area, you'll have easy access to mass transit options, coffee houses, restaurants, bars, museums, theaters, galleries, parks, and everything else that L. A. has to offer. And let's not forget about the breathtaking city and DTLA skyline views! Before making an offer, it's important to conduct your due diligence.
  1. Listed by Jacob Kesherim • DRE #01928381 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 155 South Alvarado Street

Water Front
None
Zoning
LAC2
Style
Other
Cross Streets
South Alvarado St & Beverly Blvd
Parcel Number
5154008014
Total Units
4.0
Living Area
5440
Source Living Area
Assessor
LISTING UPDATED: 08/06/2024 05:29 PM

Property Details for 155 South Alvarado Street

StatusActive
MLS #24-361639
Days on Market296
Taxes$18,750 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.19 AC / 8,153 SF
CountyLos Angeles County

Building Information for 155 South Alvarado Street

Stories2Residences-Year Built1923Building Size-Lot Size0.19 AC / 8,153 SF

Property Information for 155 South Alvarado Street

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4
  • View: Yes
  • View Description: Park, City, City Lights
  • View: City Lights
  • Entry Floor Number: 1
  • Security Features: Window Bars, Fire and Smoke Detection System, Gated
  • Direction Faces: East
  • Property Condition: Tear Down, Value Mainly In Land, Fixer, Repair Cosmetic, Repairs Major
  • Water: In Street, Meter on Property, Water District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water District: LADWP
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Affordable Housing Qualified, As Is, Rent Control, City Inspection Not Applicable, Court Approval Not Required
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $118,356
  • Net Operating Income: $82,396.00
  • Gross Income: $0
  • Cap Rate: 5.49%
  • Gross Rent Multiplier: $12.67
  • Actual Annual Gross Rent: $118,356.00
  • Actual Rent Total: $5,698.00
  • Financial Info as Of: 08/06/2024
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 35960
  • Water Expense: $8,000.00
  • Expense Pest: $400.00
  • Tax Expense: $21,250
  • Expense Licenses: $500.00
  • Insurance Expense: $2,148
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1872
  • Lot Size Square Feet: 8153
  • Lot Size Dimensions: 136x60
  • Source Lot Size Dimensions: Assessor
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Value In Land, Yard, Rectangular Lot
  • Lot Description: Alley Paved, Back Yard, Front Yard, Fenced, Landscaped, Lawn, Redevelopment Area, Sidewalks, Single Lot, Tear Down On Lot, Utilities Underground, Value In Land, Yard, Walk Street, Street Lighting, Street Concrete, Street Asphalt, Storm Drains, Curbs, Gutters, Lot Shape-Rectangular
  • Lot Location: Alley Access, City, Near Public Transit
Parking Details
Parking Details
  • Parking Garage: Side By Side, Shared Driveway, Private Garage, Private, Driveway - Pavers, Garage Is Detached, Assigned, Covered Parking, Garage - 4+ Car, Driveway - Concrete, Driveway, Detached
  • Total Parking: 6
  • Covered Parking: 5
  • Open Other Spaces Total: 1
  • Garage Spaces Total: 4
  • Parking Features: Side by Side, Shared Driveway, Private, Paved, Assigned, Covered, Concrete, Driveway
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Window Unit(s)
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Refrigerator, Range/Oven, Freezer, Phone System, Dishwasher, Ceiling Fan, Cable, Antenna
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: None
  • Entry Location: Ground Level w/steps
  • Windows: Garden Window
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Construction MVO: Frame and Stucco
  • Other Structural Features: Balcony, High Ceilings (9 Feet+)
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-29-2024
  • Listing Terms: Take Property As Is, Standard Sale, Contract, Cash To New Loan, Cash
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 8
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $1,259.00
  • Unit Actual Rent: $5,035.00
  • Unit Projected Rent: $9,600.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $663.00
  • Unit Actual Rent: $663.00
  • Unit Projected Rent: $663.00
  • Like Units: 0
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Tax New: $18,750
  • Tax Rate: 1.25%
  • Tax Rate Year: 2024
  • Assessed Improvement Value: $.00
  • Assessed Improvement Percent: 0.0
  • Assessed Land Value: $.00
  • Assessed Land Percent: 0
  • Assessed Total Value: $.00
  • Private Transfer Taxes: No

Property History for 155 South Alvarado Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 155 South Alvarado Street

Taxable ValueLand$426,474Additions$141,279Total$567,753
Tax Record2024$7,668 ($639 / month)
Home Facts
Total Finished SqFt5,440 SqFtAbove Grade Finished SqFt5,440 SqFtLot Size8,150 SqFtStyleQuadraplexYear Built1923ZoningLAC2CountyLOS ANGELESAPN5154-008-014

Schools near 155 South Alvarado Street

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
Union Avenue Elementary School
PublicK to 5

Sal Castro 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.

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.

155 South Alvarado Street is a multi-family home for sale in Los Angeles, CA 90057. This property was listed for sale on February 29, 2024 by Keller Williams Beverly Hills, it's currently listed at $1,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Union Avenue Elementary School, Sal Castro Middle School and Contreras Learning Center-School Of Social Justice. 155 South Alvarado Street is a 8-bed, 4-bath, 5,440 sqft multi-family home built in 1923.

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 Keller Williams Beverly Hills, Jacob Kesherim, DRE #01928381

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.