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314 S Alexandria Ave
Los Angeles, CA 90020 Koreatown

$7,195,000 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
90 Transit Score
80 Walk Score

Highlights

PRICE REDUCED BY 43% TO 7.18 GRM AND A 7.76% CAP RATE. SUBMIT ALL OFFERS AND PROPERTY TOURS AVAILABLE.
Well-Maintained Asset Featuring Classic Finishes and Value-Add Potential
Seismic Retrofitting Not Required. Not a Concrete Structure and Not on City's NCD Ordinance List.
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

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 RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Sunset Limited - Amtrak, Texas Eagle - Amtrak) 8 min - 4.6 mi
L. A. Union Station Metrolink Station (Metrolink 91-Perris Valley Line - Metrolink Trains, Metrolink Orange County Line - Metrolink Trains, Metrolink Riverside Line - Metrolink Trains, Metrolink San Bernardino Line - Metrolink Trains, Metrolink Ventura County Line - Metrolink Trains) 9 min - 5.0 mi
Transit/SubwayDriveWalkDistance
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 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
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 20 min 1.1 mi
AirportDriveWalkDistance
Bob Hope 20 min - 11.8 mi
Los Angeles International 25 min - 13.1 mi
Long Beach (Daugherty Field) 34 min - 24.6 mi
Brent Sprenkle 310-621-8221 Northmarq
Brent Sprenkle 310-621-8221 Northmarq