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907 N Alexandria Ave #1 Los Angeles, CA 90029
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Key Details
Sold Price $3,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,784 sqft
Price per Sqft $292
MLS Listing ID 25508003
Sold Date 05/15/25
Bedrooms 25
Year Built 1990
Lot Size 10,141 Sqft
Acres 0.2328
Property Sub-Type Multi-Family
Property Description
Exceptional investment opportunity for 1031 exchanges or owner-occupants in the heart of Los Angeles! This well-maintained 12-unit apartment building, built in 1990, is not under city rent control, offering strong rental income with significant upside potential. Rents have not been increased in over six years and are at least 30% below market value, providing a prime opportunity for immediate growth. Tenants enjoy on-site parking and well-kept common areas. Two units can be delivered vacant for owner use or higher rental income, creating additional value-add potential. Featuring a mix of spacious units, the property is ideally located near shopping, dining, public transportation, and major freeways. Whether you're an investor looking to expand your portfolio or seeking an owner-occupied income property, this is a rare opportunity with endless possibilities!
Location
State CA
County Los Angeles
Area Hollywood
Zoning LARD2
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment Garbage Disposal
Exterior
Parking Features Community Garage, Controlled Entrance
Garage Spaces 2.0
Building
Story 1
Level or Stories Multi/Split
Others
Special Listing Condition Standard
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Bought with Realty Plus Investment, Inc.