1737 N. Alexandria Ave.

01-13-2022
03-24-2022

1737 N Alexandria Ave, Los Feliz, CA 90027

  • Clean building located in Los Feliz rental pocket
  • Well-maintained property. Upgrades include new windows, tankless water heaters, new back stairway, and copper plumbing
  • Units have washer and dryer hookups
  •  Perfect for owner-user or first time investor
  • Excellent unit mix of 2 (1 + 1) and 2 (2 + 1) units
  • Upside in existing rents
  • Enclosed garages

Property Description

     KW Commercial is proud to represent this 4 unit apartment building in Los Feliz.
    The building was constructed in 1918. Its unit mix consist of (2) one-bedroom, one-bathroom units and (2) two bedroom one bath units. Upgrades on the property include new windows, tankless water heaters, new staircase, and copper plumbing. With a lot size of 6,816 square feet, the property has a total of 3,464 rentable square feet.
    An astute investor will enjoy significant upside in rents over time and a well maintained building.
   The property is separately metered for gas and electricity

Key Property Information

Listing Status
Sold
Price
$ 1,700,000
Sales price
$ 165,000
No. of Units
4
Cap Rate
3.31%
GRM / GIM
18.8
Average Occupancy
75%
Year Built
1918
Building Size
3,464 Sq ft
Lot Size
6,816 Sq ft
No. of Stories
2
APN
5589-035-014
Opportunity Zone
Off
Price per unit
$ 425,000
Closing Date

Financial Details

Gross Income
$ 87,912
Effective Gross Income
$ 85,275
Operating Expenses
$ 30,583
Net Operating Income
$ 54,692
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34.102986, -118.298635

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