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130 N Alexandria Ave
Los Angeles, CA 90004 Koreatown

$10,500,000 USD

Apartments For Sale • 36,012 SF

Property Details

Property Type Apartments
Total Building Size 36,012 SF
Lot Size 0.55 AC
Building Class C
Year Built 1971
Zoning R3

80 Transit Score

80 Walk Score

                
                    Highlights
                
                                The Neema Group of Marcus & Millichap is pleased to present The Orleans Apartments, a 54-unit investment opportunity in prime Koreatown
                            
                                Features an ideal unit mix of 54 one-bedrooms with 57 subterranean parking spaces; four units will be delivered vacant at the close of escrow
                            
                                Value-add opportunity with 21% rental upside achievable as units turn; units are well-maintained
                            
                                 There are two laundry rooms on the third and fourth floors, each with three washers and three dryers leased with Wash
                            
                                 Rare opportunity to acquire a sizeable asset with substantial upside located in one of the strongest rental submarkets in all of LA
                            
                                At the asking price, the property is being offered at $292 PSF and $194,444 per unit

Green Rating

EnergyStar Yes

Amenities

Air Conditioning
Controlled Access
Laundry Facilities
Gated
Heating
Elevator
Vinyl Flooring

Public Transportation

Commuter Rail	Drive	Walk	Distance
	8 min	-	4.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	4.5 mi
Transit/Subway	Drive	Walk	Distance
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	11 min	0.6 mi
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	18 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	20 min	-	11.5 mi
Los Angeles International	26 min	-	13.3 mi
Long Beach (Daugherty Field)	35 min	-	24.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	57
Type:	Covered
Included in Rent:	Yes

Neema Ahadian 310-909-5444 Marcus & Millichap

130 N Alexandria Ave Los Angeles, CA 90004 Koreatown