519 N Alexandria AVE Contingent Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRGD25175188
Year Built 1922
Lot Size 7,607 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Fantastic investment opportunity located in one of the most desirable pockets of Hollywood. This unique property consists of two large units totaling over 3,000 square feet in the character-rich main building, originally constructed in 1922, along with a detached one-bedroom house built in 1947. Positioned on a sloped lot, the property offers Pick-a-boo views of the surrounding city and skyline. The location is exceptionally convenient-just minutes from major thoroughfares, freeway access, and downtown Los Angeles-making it highly attractive to future tenants or end-users alike. The property may need some fixing as current ownership has lived on the property for over 30 Years. With pro forma figures showing a GRM around 10x and a projected CAP rate of approximately 6.7%, the financial potential here is significant. Additionally, the property includes a three-car garage with excellent ADU conversion potential, creating an opportunity to increase returns even further. Some updates are needed, but the solid structure, generous unit sizes, and unbeatable location provide a strong foundation for long-term appreciation and income. A rare find in today's market-ideal for investors, owner-users, or developers seeking value-add upside in a prime Hollywood location.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Laundry Other
Exterior
Garage Spaces 3.0
Pool None
Building
Water District - Public
Others
Tax ID 5520010019
Special Listing Condition Not Applicable ,Accepting Backups