639 North Alexandria Avenue

Los Angeles, CA 90004

$3,890,000
Price
18
Beds
18
Baths
8,468 Sq. Ft.
$459 / Sq. Ft.
8,468
Sq. Ft.
$459
per Sq. Ft.

Description

Wow! Great huge price reduction $300,000. This apartment is situated on a cul-de-sec near the intersection of melreose ave and normandie ave. This building is nestled between the thriving submarkets of silver lake, korea town, hollywood and downtown los angeles. Constructed 1991, this building features an excellent unit mix, containing exclusively two and three bedroom apartment. This apartment has been thoroughly renovated in the past 6 years,with upgrades new custom kitchen cabinet and counter...Wow! Great huge price reduction $300,000. This apartment is situated on a cul-de-sec near the intersection of melreose ave and normandie ave. This building is nestled between the thriving submarkets of silver lake, korea town, hollywood and downtown los angeles. Constructed 1991, this building features an excellent unit mix, containing exclusively two and three bedroom apartment. This apartment has been thoroughly renovated in the past 6 years,with upgrades new custom kitchen cabinet and counter tops and new hardwood and tile flooring, include upgraded bathroom. In addition to providing strong cash flow. The gated parking garage contains space for 18 cars,providing tenants a ratio of two parking space per unit.
  1. Listed by Jae Sung Choi • DRE #01273921 • Brokerage DRE #00908242 • Ivy Realty Co.

Property Details for 639 North Alexandria Avenue

Zoning
LAR3
Parcel Number
5520004047
Total Units
9.0
Living Area
8468
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
7605
LISTING UPDATED: 10/25/2024 03:13 PM

Property Details for 639 North Alexandria Avenue

StatusActive
MLS #24-374059
Days on Market241
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1991
Lot Size0.17 AC / 7,605 SF
CountyLos Angeles County

Building Information for 639 North Alexandria Avenue

Stories2Residences-Year Built1991Building Size-Lot Size0.17 AC / 7,605 SF

Property Information for 639 North Alexandria Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: multi
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: $279,108
  • Net Operating Income: $200,108.00
  • Gross Income: $279,108
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $13.90
  • Total Annual Expense: 79000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1746
  • Lot Size Square Feet: 7605
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 18
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-28-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,016.00
  • Unit Actual Rent: $3,016.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $20,243.00
  • Unit Actual Rent: $19,717.00
  • Unit Projected Rent: $22,400.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $814,872.00
  • Assessed Improvement Percent: 21.97
  • Assessed Land Value: $2,894,944.00
  • Assessed Land Percent: 78.03
  • Assessed Total Value: $3,709,816.00

Property History for 639 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 639 North Alexandria Avenue

Taxable ValueLand$2,952,842Additions$831,169Total$3,784,011
Tax Record2024$46,699 ($3,892 / month)
Home Facts
Total Finished SqFt8,468 SqFtAbove Grade Finished SqFt8,468 SqFtLot Size7,603 SqFtStyleMulti-Family Res (5+ Units)Year Built1991ZoningLAR3CountyLOS ANGELESAPN5520-004-047

Schools near 639 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 - 9 to 12
Rating
School
Distance
Alexandria Avenue 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.

Similar Homes

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Similar Sold Homes

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639 North Alexandria Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on March 28, 2024 by Ivy Realty Co., it's currently listed at $3,890,000. It has been on the market for a total of 241 days and was last sold on June 24, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Alexandria Avenue Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 639 North Alexandria Avenue is a 18-bed, 18-bath, 8,468 sqft multi-family home built in 1991.

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 Ivy Realty Co., Jae Sung Choi, DRE #01273921

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.