725 S Alvarado St
los angeles, CA 90057US$4,000,000
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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.
상세 정보
13,386 Sq Ft
0.2695 프라이빗 에이커스 롯트 크기
상업용
Built in 1923
MLS/리스팅 ID SR26162857
Alvarado Apartments
35 유닛
편의시설 및 특징
Lot - Near Public Transit
공용 공간
Public Water
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- 재산세
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Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.