808 Alandele Ave | Los Angeles, CA 90036
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808 Alandele Ave
Los Angeles, CA 90036
808 Alandele Ave, Los Angeles, CA 90036-4625 · Multifamily Property For Sale · 3 Units
Investment Highlights
- Located within Los Angeles' famed Miracle Mile, North of W. Olympic Blvd, East of S. Fairfax Ave, this asset is situated in one of the city's most pr
Executive Summary
Rare opportunity to own a 3-unit property in the desirable Miracle Mile district—perfect for TIC conversion, multi-generational living, owner-occupants, or investors. This property presents significant value-add potential through interior and exterior upgrades or a TIC conversion, with 2 units vacant. The unit mix includes a spacious 3-bedroom, 1.5-bath unit (approx. 1,200 sq ft), an upgraded 2-bedroom, 1-bath unit (approx. 933 sq ft), and a 2-bedroom, 1-bath unit (approx. 1,080 sq ft). Amenities include three one-car garages and a shared laundry room for extra income. The units feature hardwood floors and abundant midcentury charm. Situated in a high-demand rental market popular with young professionals, this triplex is moments away from Museum Row, home to LACMA, The Academy Museum, Petersen Automotive Museum, and La Brea Tar Pits, as well as exceptional shopping, dining, and entertainment with a walk score of 91. It’s close to The Grove, Beverly Center, Cedars-Sinai, and Koreatown, with easy access to UCLA, USC, Downtown LA, and the 10 Freeway. A new Purple Line subway station, set to open in 2025, will connect Downtown to Westwood, enhancing future value. Ideal for investors or owner-occupants seeking a condo or single-family home alternative, this property promises stable, long-term wealth growth and appreciation.
PROPERTY FACTS
| Price Per Unit | $508,333 | Apartment Style | Low Rise |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7% | Building Size | 3,194 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 33% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1949/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
| Price Per Unit | $508,333 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 12 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.12 AC |
| Building Size | 3,194 SF |
| Average Occupancy | 33% |
| No. Stories | 2 |
| Year Built/Renovated | 1949/2020 |
| Parking Ratio | 0.94/1,000 SF |
Unit Amenities
- Ceiling Fans
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Dining Room
- Family Room
- Handrails
- Lawn
- Window Coverings
Site Amenities
- Fenced Lot
- Laundry Facilities
- Gated
- Gas Range
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 1 | $4,000 | 1,200 |
| 2+1 | 2 | $1,870 | 933 - 1,080 |
zoning
| Zoning Code | LAR3 |
| LAR3 |
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