519 N Alexandria, Los Angeles, CA 90004

About this property

Ideal opportunity to develop a new multi-unit project in close proximity to Downtown Los Angeles, Hancock Park, Silver Lake, Koreatown, and East Hollywood. The property is located within a Qualified Opportunity Zone (QOZ), offering potential tax benefits for qualified investors (buyer to verify). Currently improved with three vacant units, providing immediate flexibility for redevelopment or repositioning. The site offers potential for a 9-unit residential project, subject to buyer verification and city approvals. The City of Los Angeles provides numerous housing and density incentive programs that may allow optimization of unit count and overall project feasibility. Centrally located near major transportation routes, employment centers, shopping, dining, and public amenities. Utilities are available in the street. An excellent opportunity for developers or investors seeking a well-located property in a high-demand rental market. Buyer to verify zoning, incentives, development feasibility, and QOZ status.

Listing description from the May 2026 sale, as reported to CRMLS.

Sale history

$1,130,000

Sold May 2026 · listed $1,150,000, orig. $1,250,000, on market February 2026 · MLS #GD26023224 · Source: CRMLS

Listing Agent: Nick & Mike Nick & Mike · Listing Office: Keller Williams R. E. Services · Contact: 8184062777 · Bought with: Allen Avedissian · Keller Williams R. E. Services

$1,130,000

Sold May 2026 · listed $1,150,000, orig. $1,250,000, on market February 2026 · MLS #GD26023222 · Source: CRMLS

Listing Agent: Nick & Mike Nick & Mike · Listing Office: Keller Williams R. E. Services · Contact: 8184062777 · Bought with: Allen Avedissian · Keller Williams R. E. Services

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