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314 S Alexandria Ave
Los Angeles, CA 90020 Koreatown

$8,375,000 USD

Apartments For Sale • 38,651 SF

Property Details

Property Type Apartments
Total Building Size 38,651 SF
Lot Size 0.29 AC
Building Class C
Year Built 1926
Zoning LAR4

78 Transit Score

92 Walk Score

                
                    Highlights
                
                                PRICE REDUCED TO 8.8 GRM AND 6% CAP RATE. SUBMIT ALL OFFERS AND PROPERTY TOURS AVAILABLE. 
                            
                                Well-Maintained Asset Featuring Classic Finishes and Value-Add Potential
                            
                                Opportunity to Generate Additional Value through Completing Renovation of Lightly Upgraded Units and Adding Additional Amenities in the Back/Side Yard
                            
                                High-Earning Resident Base with Average Household Income of over $72,000 and an Average Home  Value of More Than $1,000,000
                            
                                Strong Multifamily Submarket Fundamentals with 6.3% Annual Rent Growth Since 2014
                            
                                Walk to Wilshire/Vermont Metro Station with Access to Two Separate Metro Light-Rail Lines Offering Convenience to Downtown LA and Hollywood

Property Flyers

Alexandria Tower Apartments_OM 2025

Amenities

Air Conditioning
Cable Ready
Courtyard
Laundry Facilities
Property Manager on Site
Gated
Heating
Kitchen
Hardwood Floors
Refrigerator
Tub/Shower
Views
Elevator

Public Transportation

Commuter Rail	Drive	Walk	Distance
	9 min	-	4.6 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))	12 min	-	4.9 mi
Transit/Subway	Drive	Walk	Distance
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	12 min	0.6 mi
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	16 min	0.8 mi
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Bob Hope	21 min	-	11.8 mi
Los Angeles International	25 min	-	13.0 mi
Long Beach (Daugherty Field)	35 min	-	24.6 mi

Brent Sprenkle 310-621-8221 Northmarq

314 S Alexandria Ave Los Angeles, CA 90020 Koreatown