$ 3,600,000
1860 N Alexandria Avenue Los Angeles, CA 90027
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$ 3,600,000
Est. payment | /mo
9,920 SqFt
$ 3,600,000
Est. payment | /mo
9,920 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,920 sqft
Price per Sqft $362
MLS Listing ID CL24456523
HOA Y/N No
Year Built 1951
Lot Size 10,497 Sqft
Acres 0.24
Property 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 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 handrail
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5589033042
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Listed by Nick Astrupgaard • KW Commercial Studio City
9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States