1860 North Alexandria Avenue

Los Angeles, CA 90027

$3,600,000
Price
12
Beds
16
Baths
9,920 Sq. Ft.
$363 / Sq. Ft.
9,920
Sq. Ft.
$363
per Sq. Ft.

Description

1860 North Alexandria Avenue is being offered for sale for the first time in nearly 50 years. The offering is located within the Hollywood submarket, considered one of the country's world-class employment centers and offers access to an enormous and diverse set of employers. This 16-unit garden-style apartment community is situated on the southeast corner of Franklin Avenue and Alexandria Avenue within the highly coveted Los Feliz zip code of 90027. The immediate area has historically provided investors...1860 North Alexandria Avenue is being offered for sale for the first time in nearly 50 years. The offering is located within the Hollywood submarket, considered one of the country's world-class employment centers and offers access to an enormous and diverse set of employers. This 16-unit garden-style apartment community is situated on the southeast corner of Franklin Avenue and Alexandria Avenue within the highly coveted Los Feliz zip code of 90027. The immediate area has historically provided investors with exceptional long-term capital appreciation and wealth preservation.1860 North Alexandria Avenue, built in 1951, features an ideal unit composition of Twelve (12) One-Bedroom | One-Bathroom and Four (4) Single | One-Bathroom apartment homes surrounding a quiet gated courtyard with mature landscaping. The oversized corner parcel measures 10,494 square feet. Updated unit interiors feature original oak flooring, tiled baths and kitchens, wooden windows, refrigerator, stove, dishwasher, and abundant closets/storage. The property demonstrates genuine pride of ownership, with multiple capital improvements made, specifically new plumbing, including replacing horizontal lines and risers, which was completed in 2010. The mandatory soft-story retrofit was completed in 2019, new handrails were installed on the staircases and walkways in 2021, and gas shut-off valves were installed in 2019. Property attributes include 12 vehicle parking spaces (6 individual garages and 6 on-grade spaces), a common area laundry room, separate gas & electrical utilities, and one central hot-water tank. The offering is ideal for forward-thinking, long-term investors expecting meaningful rental growth/value appreciation in an outstanding area. 1860 North Alexandria Avenue is centrally located in the 90027 / Los Feliz area, one of LA's most stable and desirable neighborhoods. Furthermore, the subject property offers residents access to various entertainment venues, cultural destinations, and dining options within Los Feliz itself and neighboring Silver Lake, Hollywood, and DTLA.
  1. Listed by Nick Astrupgaard • DRE #01893466 • Brokerage DRE #01125362 • KW Commercial Studio City
  2. Listed by Rich Johns • DRE #01432215 • Brokerage DRE #01125362 • KW Commercial Studio City

Property Details for 1860 North Alexandria Avenue

Zoning
LARD1.5
Parcel Number
5589033042
Total Units
16.0
Living Area
9920
Source Living Area
Vendor Enhanced
Area
Los Feliz (637)
Vacancy Rate
6%
Lot Size Area
10497
LISTING UPDATED: 11/01/2024 12:01 AM

Property Details for 1860 North Alexandria Avenue

StatusActive
MLS #24-456523
Days on Market102
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.24 AC / 10,497 SF
CountyLos Angeles County

Building Information for 1860 North Alexandria Avenue

Stories2Residences-Year Built1951Building Size-Lot Size0.24 AC / 10,497 SF

Property Information for 1860 North Alexandria Avenue

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $288,058
  • Net Operating Income: $179,992.00
  • Gross Income: $293,937
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $12.20
  • Total Annual Expense: 108067
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.241
  • Lot Size Square Feet: 10497
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Uncovered
  • Total Parking: 12
  • Parking Features: Covered, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-24-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,604.00
  • Unit Actual Rent: $19,248.00
  • Unit Projected Rent: $25,800.00
  • Like Units: 12
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,271.00
  • Unit Actual Rent: $5,082.00
  • Unit Projected Rent: $6,600.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $452,040.00
  • Assessed Improvement Percent: 63.06
  • Assessed Land Value: $264,844.00
  • Assessed Land Percent: 36.94
  • Assessed Total Value: $716,884.00

Property History for 1860 North 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 1860 North Alexandria Avenue

Taxable ValueLand$270,140Additions$465,180Total$735,320
Tax Record2024$10,472 ($873 / month)
Home Facts
Total Finished SqFt9,920 SqFtAbove Grade Finished SqFt9,920 SqFtLot Size10,494 SqFtStyleMulti-Family Res (5+ Units)Year Built1951ZoningLARD1.5CountyLOS ANGELESAPN5589-033-042

Schools near 1860 North 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 - K to 2
Rating
School
Distance
Los Feliz STEMM Magnet
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

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.

1860 North Alexandria Avenue is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on October 24, 2024 by KW Commercial Studio City, it's currently listed at $3,600,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Feliz STEMM Magnet, Thomas Starr King Middle School and John Marshall Senior High School. 1860 North Alexandria Avenue is a 12-bed, 16-bath, 9,920 sqft multi-family home built in 1951.

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 KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

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.