$ 4,000,000
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$4,000,000
Price -
0
Bed -
0
Bath -
13,386
SqFt
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About the Listing SR0114700 - SR207061458
Alvarado Apartments - a 35-unit mixed-use value-add in the heart of Westlake / MacArthur Park, comprising 24 residential units (23 studios + 1 one-bedroom) and 11 ground-floor commercial spaces including two restaurants and retail. Fully repiped and rewired in 2018 with fire sprinklers throughout. Offered at a 7.13% in-place cap rate rising to a 8.21% pro forma. Designated Residential Hotel on C2-2 zoning with a Transit Oriented Communities and State Density Bonus path to substantial added density. On-site parking, ground-floor retail income, and steps to the Metro B/D lines. Meaningful upside through studio mark-to-market, parking lease-up and Section 8 / HACLA-supported income. Buyer to verify all figures, unit legality, square footage and development potential.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
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- Below Ground Sq Ft: n/a
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- Other:
- Water: Public
Exterior Details
- Lot Description: Near Public Transit,No Land Lease
- Garage Capacity: N/A
- Zoning: LAC2
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5141018017
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
725 S Alvarado St Los Angeles, CA 90057
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