MLS#SR26162857
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
Altman Apartments LLC
Agency Phone: 310-903-0222
Associate Name: Logan Altman
Listing Shown by:
Watson Realty
Associate Name: TEAM T.P.G.
Property 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 a 6.63% in-place cap rate rising to a 7.65% pro forma. 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 Features
Property Type: Commercial - Business
Lot Size: 0.27 Acres
Stories: 3.0
Year Built: 1923
Feature Descriptions
Days on Site: 6
Laundry: Common Area
Lot: Near Public Transit
Parcel#: 5141018017
Units: 35
Water: Public
Listed By / Shown By
Listed By
Agency Name: Altman Apartments LLC
Agent Name: Logan Altman
Agency Phone: 310-903-0222
Shown By
Agent Name: TEAM T.P.G.
Agent Phone:
Agency Title: Watson Realty
725 S Alvarado Street | MLS# SR26162857
This commercial property located at 725 S Alvarado Street, Los Angeles, CA 90057 is currently listed for sale with an asking price of $4,250,000. Search Los Angeles real estate on t-p-g.cce-escrow.com today.