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725 S ALVARADO Street, Los Angeles, CA 90057

Property

725 S ALVARADO Street, Los Angeles, CA 90057 Sold April 2016 CRMLS
$2,600,000Sold April 2016

Listing Agent: David Kaufman (DRE #01217537) · Listing Office: David Ballin Kaufman · Contact: 310-877-8600 · Bought with: Logan Altman · Altman Apartments LLC · MLS #15915813 · Source: CRMLS

11,734 sqft
Lot Size
1923
Year Built
Property
Type
SeeRemarks
Cooling

How this sale compares

725 S ALVARADO Street sold for $2,600,000 in April 2016, 12% under its $2,950,000 list price, after 177 days on the market. It was first listed at $3,300,000. Across 10 closed sales in 90057 over the last 12 months, the median sold price is $657,500 and the median is $305 per square foot.

$305
90057 median per sq ft (12 mo)
$657,500
90057 median sold price (12 mo)
10
Closed sales in 90057 (12 mo)
177
Days on market
−12%
Sold vs. list price
QuarterClosed sales in 90057Median sold price
Q1 20261$270,000
Q2 20267$857,520
Q3 20262$502,500

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90057

Description

The subject property is a mixed use 1920's construction, located a half block south of MacArthur Park and across the street from Langer's Deli. The area sits just west of Downtown LA and east of Koreatown. There are five main retail storefronts with an additional five retail tenants inside the ground floor lobby area. Originally built as a hotel, this property has 3 floors of residential units that have access in the rear off of a gatedparking lot. There are a total of 10-11 open parking spaces, all of which are designated to the retail tenants. The property is master metered for all utilities, with the exception of electric for the 4 large retail spaces and gas for two of the retail spaces. There is a separate structure at the northwest portion of the property that contains an approved apartment unit, 2 storage areas and a laundry facility. The property has a new heating system and has recently passed City of LA inspections. Please email listing agent for full package.

Listing description from the April 2016 sale, as reported to CRMLS.

Sale history

$2,600,000
Sold April 2016 · listed $2,950,000, orig. $3,300,000, on market June 2015, 177 days on market · MLS #15915813 · Source: CRMLS
Listing Agent: David Kaufman · Listing Office: David Ballin Kaufman · Contact: 310-877-8600 · Bought with: Logan Altman · Altman Apartments LLC

Recent sales near 725 S ALVARADO Street

Closed sales reported in 90057, nearest first, last 12 months. All recent sales in Los Angeles →

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