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Commercial Property - 725 S Alvarado Street, Los Angeles, CA

$3,950,000

725 S Alvarado Street, Los Angeles, CA

725 S Alvarado Street, Los Angeles, CA 90057 - $3,950,000 · Commercial Real Estate for Sale, photo 3

725 S Alvarado Street, Los Angeles, CA 90057 - $3,950,000 · Commercial Real Estate for Sale, photo 4

725 S Alvarado Street, Los Angeles, CA 90057 - $3,950,000 · Commercial Real Estate for Sale, photo 5

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Description

Alvarado Apartments - a 35-unit mixed-use value-add in the heart of Westlake / MacArthur Park, comprising 24 residential units (23 studios + 1 one-bedroom) and 11 ground-floor commercial spaces including two restaurants and retail. Fully repiped and rewired in 2018 with fire sprinklers throughout. Offered at $3,950,000, an 8.92% in-place cap rate on the buyer's reassessed tax basis. Designated Residential Hotel on C2-2 zoning with a Transit Oriented Communities and State Density Bonus path to substantial added density. On-site parking, ground-floor retail income, and steps to the Metro B/D lines. Meaningful upside through studio mark-to-market, parking lease-up and Section 8 / HACLA-supported income. Buyer to verify all figures, unit legality, square footage and development potential.

Property details

Square feet

13,386

Year built

1923

Property type

Commercial Sale

Lot size

11,738 sqft

Location

725 S Alvarado Street • Los Angeles, CA 90057

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Listed by

Logan Altman · Altman Apartments LLC

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Sale history for 725 S Alvarado Street →