David Covarrubias
MARCUS & MILLICHAP
909-456-3400
We are pleased to exclusively present the opportunity to acquire 1423 North Alexandria Avenue, a multi-family investment property ideally located in the heart of East Hollywood, California, one of the most desired rental submarkets in all of Los Angeles. The property sits just east of Normandie Avenue, between Sunset Boulevard and Fountain Avenue. Constructed in 1914, the property sits on 0.15 acres (6,792 square feet) of land and has a total building area of 2,408 square feet. The property features a single family three-bedroom/two-bathroom residence in the front and a duplex in the rear with one-bedroom/one-bathroom floor plans. The charming single-family residence offers gated entrances, tile front porch, paved walkway, fireplace, and multiple entrances to the house. Residents in the duplex units enjoy private backyards. All units are individually metered for gas and electricity, and single-family residence has a separate hot water heater. There are multiple on-site open parking spaces as well as street parking. With a walk score of 90, the property is conveniently located within the Little Armenia neighborhood bordering Los Feliz, Griffith Park, Melrose Hill, Silver Lake, and the Hollywood Hills, providing residents with countless amenities and opportunities to explore new experiences. The property is within walking distance to multiple highly rated healthcare facilities including Hollywood Presbyterian Medical Center, Children’s Hospital Los Angeles, and Kaiser Permanente Los Angeles Medical Center, which is named America’s best maternity hospitals by Newsweek in 2023. To the north of Kaiser Medical Center is the Hollyhock House Visitor Center in the Barnsdall Art Park, where residents can take an evening stroll through the city’s municipal art gallery with roof terraces and gardens. This expansive art complex also features art classes for both adults and children. There are several department stores located within a mile radius of the property such as Target, Walgreens, 99 Cents Only Stores, Vons, and Marshalls. In addition, the property is a ten-minute walk west from the Vermont/Sunset Metro Station within the Los Angeles Metro B-Line that takes commuters south to Union Station in Downtown Los Angeles and north to North Hollywood Arts District, passing several world-famous tourist sites such as the Hollywood Walk of Fame, TCL Chinese Theatre, Hollywood Pantages Theatre, Universal Studios Hollywood, etc.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1058387286 | 2 | 3 | 2 | 0 |
2 | 1058387286 | 1 | 1 | 1 | 0 |
Water Source : Public
Sewer : Public Sewer
Year Built: 1914
Building Area Total: 2,408
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.156
Lot Size Source: Other
Lot Size Square Feet: 6794
Original List Price: 1,299,000
Listing Contract Date: 2024-01-18
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5543024010
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Postal Code Plus 4: 5803
Directions: Head east on Sunset Blvd, Right on Alexandria Ave
Zoning: LARD2
Source Property Type: Residential Income
Area: 699 - Not Defined
Property SubType: Triplex
Property Age: 110
Common Walls: 1 Common Wall
Structure Type: Triplex
Year Built Source: Other
Entry Level: 1
Entry Location: front
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1417 N Kenmore Avenue, Los Angeles, CA,90027 | $1,700,000 | 7 | 4 | 3,505 | 6897 Sqft |
1412 N Serrano Avenue, Los Angeles, CA,90027 | $1,029,000 | -- | -- | -- | 8716 Sqft |
5239 Los Hermosos Way, Los Angeles, CA,90027 | $3,400,000 | 4 | 2 | 3,561 | 14480 Sqft |
1802 N Western Avenue, Los Angeles, CA,90027 | $2,695,000 | -- | -- | 6,660 | 18549 Sqft |
1537 N Kingsley Drive, Los Angeles, CA,90027 | $1,499,000 | -- | -- | -- | 6862 Sqft |
1537 N Kingsley Drive, Los Angeles, CA,90027 | $1,499,000 | 4 | -- | 2,086 | 6862 Sqft |
2041 N Vermont Avenue, Los Angeles, CA,90027 | $9,500,000 | 7 | -- | 22,582 | 8991 Sqft |
5231 Franklin Avenue, Los Angeles, CA,90027 | $4,750,000 | 5 | 3 | 4,743 | 23530 Sqft |
3769 Prestwick Drive, Los Angeles, CA,90027 | $2,390,000 | 4 | 3 | 3,160 | 7859 Sqft |
1624 N Normandie Avenue.., Los Angeles, CA,90027 | $950,000 | 3 | 2 | 1,719 | 7123 Sqft |
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ByOwner last updated this listing 05/30/2024 @ 16:50
MLS: CV24011231
LISTED BY: David Covarrubias, MARCUS & MILLICHAP
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.