519 N Alexandria Ave | Los Angeles, CA 90004
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519 N Alexandria Ave
Los Angeles, CA 90004
Multifamily Property For Sale · 3 Units
Investment Highlights
- Delivered completely vacant, offering flexibility for renovation or redevelopment.
- Development opportunity to build a new property, with the potential for 8 base units or up to 11 units with a density bonus.
- Renovate the existing units to achieve market rents and convert the existing garages into an ADU.
Executive Summary
We are pleased to present 519 Alexandria Avenue, a prime 3-unit value-add and development investment opportunity in the vibrant neighborhood of East Hollywood, CA. This triplex features a front duplex and a separate rear unit. The duplex, built in 1922, includes two spacious 2-bedroom/1-bath units, each measuring approximately 1,500 sq. ft. The rear unit, built in 1946, is a 1-bedroom/1-bath unit of approximately 464 sq. ft. Additionally, the property includes two single-car garages located at the rear.
Key Highlights:
Located in the heart of East Hollywood, this property offers convenient access to major freeways, a variety of dining options, and premier shopping destinations.
Whether you’re looking to renovate and lease or take advantage of its development potential, 519 Alexandria Avenue presents a rare and versatile investment opportunity in one of Los Angeles’ most sought-after areas. Don’t miss out!
Key Highlights:
Located in the heart of East Hollywood, this property offers convenient access to major freeways, a variety of dining options, and premier shopping destinations.
Whether you’re looking to renovate and lease or take advantage of its development potential, 519 Alexandria Avenue presents a rare and versatile investment opportunity in one of Los Angeles’ most sought-after areas. Don’t miss out!
PROPERTY FACTS
| Price Per Unit | $400,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,464 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 0.58/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,464 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 0.58/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 448 |
| 2+1 | 2 | - | 1,508 |
zoning
| Zoning Code | R3 (Multiple Dwelling zone) |
| R3 (Multiple Dwelling zone) |
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