1117 N Alexandria Avenue, Los Angeles, CA 90029
Property · 2 recorded sales since 2020
Sold March 2022
Listing Agent: Frank Paul Barbano (DRE #01380908) · Listing Office: Barbano Realty · Contact: 323-394-2447 · Bought with: Christopher Lim · Christopher Lim · MLS #21780348 · Source: CRMLS
About this property
Opportunity Zone Located Investment in East Hollywood. Upside potential on rents. Existing triplex with city approval to construct an ADU in garage to make this a 4 unit property. Even without the garage, there is plenty of parking for each unit on this 6,541 sq ft lot. The upstairs unit is spacious and has 2 bedrooms and views. The downstairs units are well laid out with 1 bedroom and 1 bath each. The triplex is in need of updating but has much of the solid wood cabinetry, solid wood floors and original fixtures which is what we are discovering that many Eastside Seekers want. The building has newer copper plumbing, water heaters, dual-pane windows, and sewer line work. Foundational piers and post tuneup was performed. Even though, the property recently passed the periodic L.A. City Housing inspection with no outstanding or flagged items, it is being marketed as a fixer and therefore being sold as-is for land value. Proximity to restaurants, shops, LA City College and Metro Red Line. The existing tenants have been excellent tenants and paid rent all through COVID with no excuses or problems at all. Owner is not interested to offer compensation to any of the legacy tenants to vacate or propose cash for keys. If any potential Buyer wishes this scenario, they would do so after close of escrow and not during escrow. Please do not approach or make contact with the tenants.
Listing description from the March 2022 sale, as reported to CRMLS.
Sale history
