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833-835 Alvarado St
Los Angeles, CA 90006 MacArthur Park

$3,395,000 USD

Apartments For Sale  •  21,408 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,846 SF
  • Lot Size 0.37 AC
  • Building Class C
  • Year Built 1968
  • Cap Rate 7.00 %
100 Transit Score
80 Walk Score

Highlights

Prime location between Koreatown, Silver Lake and MacArthur Park!
Exceptional walk Score of 96! Property is surrounded by terrific amenities and transit options!
Desirable unit mix of (2) 2 Bed / 2 Bath units and (16) 1 Bed / 1 Bath units.
Offered at a current 7% Cap Rate and 8.9 GRM with projected 23% +/-rental upside for a new owner!
Soft-story retrofit complete, and units are individually metered for gas and electricity.

Financial Summary (Actual)

Net Operating Income: $237,761 USD (2026)
Cap Rate: 7.00 %
Total Expenses: $135,075 USD

Public Transportation

Commuter RailDriveWalkDistance
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)) 10 min - 3.5 mi
7 min - 3.6 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)) 1 min 5 min 0.3 mi
AirportDriveWalkDistance
Bob Hope 23 min - 13.6 mi
Los Angeles International 24 min - 13.9 mi
Long Beach (Daugherty Field) 31 min - 22.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 11
Type: Surface
Included in Rent: Yes
Joshua Cohen 310-480-2130 The Cohen Group
Joshua Cohen 310-480-2130 The Cohen Group