313 N Alexandria AVE, Los Angeles, CA 90004
313 N Alexandria AVE, Los Angeles, CA 90004
313 N Alexandria AVE, Los Angeles, CA 90004
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Terrance Scotton

Terrance Scotton

+1(626) 788-9299
$4,000,000
Est. payment /mo
23 Beds
14 Baths
10,037 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 10,037 sqft

Price per Sqft $398

MLS Listing ID 26852873

Bedrooms 23

HOA Y/N No

Year Built 1989

Lot Size 8,245 Sqft

Property Description

313 N Alexandria Ave is a well-maintained 9-unit multifamily investment opportunity located in Mid-Wilshire, bordering Silver Lake and Koreatown, one of Los Angeles' strongest rental corridors. Offering a 4.24% cap rate and fully occupied with responsible tenants provide stable in-place income. Built in 1989, the 10,037 sf building consists of five 3bd+2ba units and four 2bd+ 1ba units, offering highly desirable floor plans that support strong tenant demand and long-term rental stability. The property includes copper plumbing and is well maintained, with several updated units featuring laminate flooring, renovated bathrooms, and newer wall A/C units. Additional amenities include 16 parking spaces and an on-site community laundry room, offering an additional source of income. Because the building was built in 1989, it is not subject to LA City rent control but is subject to California's statewide rent cap, providing owners with the ability to adjust rents annually CPI + 5% or up to 10%. This asset offers immediate cash flow with long-term upside potential through rental growth in a high-demand, centrally located infill market.Ideally situated in a prime rental corridor, the property offers convenient access to Echo Park, Downtown Los Angeles, Koreatown, Silver Lake, dining, entertainment, and nearby Metro subway stations and public transportation.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Dual

Fireplace No

Exterior

Parking Features Assigned, Controlled Entrance, Garage, Tandem

Total Parking Spaces 16

Building

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5520024003

Special Listing Condition Standard

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Listed by Johnny Cho Keller Williams Realty Los Feliz #01394690

NEARBY SCHOOL & BUSINESS

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Terrance Scotton

Terrance Scotton

+1(626) 788-9299

Realtor® Broker & Mortgage Broker | License ID: 01707848 NMLS: 908256

Realtor® Broker & Mortgage Broker License ID: 01707848 NMLS: 908256

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