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320 S Alvarado St
Los Angeles, CA 90057 Westlake North

$3,650,000 USD

Apartments For Sale  •  18,216 SF

Property Details

  • Property Type Apartments
  • Total Building Size 18,195 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1927
  • Zoning C2-2, Los Angeles
83 Transit Score
94 Walk Score

Highlights

The Neema Group of Marcus & Millichap is pleased to present 320 S Alvarado Street, a 35-unit multifamily investment opportunity
The property features a desirable unit mix consisting of two bachelor units, 30 singles, and three one-bedroom units
Significant value-add opportunity with the majority of units rented below market, offering approximately 32% rental upside
Attractive basis with the property offered at $104,286 per unit and $201 per square foot

Property Flyers

Amenities

  • Kitchen
  • Hardwood Floors
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.0 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)) 9 min - 3.2 mi
Transit/SubwayDriveWalkDistance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 9 min 0.4 mi
AirportDriveWalkDistance
Bob Hope 25 min - 13.5 mi
Los Angeles International 28 min - 14.5 mi
Long Beach (Daugherty Field) 34 min - 23.8 mi
Patricia Escobar 310-909-5406 Marcus & Millichap
Patricia Escobar 310-909-5406 Marcus & Millichap