NOT LISTED FOR SALE

329 N Alexandria Ave Los Angeles, CA 90004

East Hollywood Neighborhood
4 Beds
8 Baths
3,882 Sq Ft
8,255 Sq Ft Lot

Last Sold November 08, 2018

Last sale price $1,600,000 $412 Per Sq Ft

31 Days on Market

About This Home

As of November 2018

Las Escaleras Apartments (located at 329 N.Alexandria Ave) is a charming Spanish bungalow-style property built in the 1920s which features five separate buildings on a 8,254-square-foot lot. With four studios and four one-bedroom/one-bath units, the character of the building -- including clay roof tiles, stucco exteriors, arched doorways and casement windows -- reinforces the old-world charm.The property sits perched on a hill, with many of the units offering sweeping views of Silverlake and Downtown LA. Las Escaleras is the ideal investment opportunity for all renovation-oriented buyers.The property will be delivered with four vacant units and possibly a fifth unit that is currently under eviction.That is a rare opportunity, especially in light of a potential Costa-Hawkins repeal that could permit vacancy control. CONTACT AGENT FOR COMPLETE OFFERING MEMORANDUM.

Last Agent to Sell the Property

Peter Strauss

Iconic Investments License #01335696 Listed on: 08/19/2018

Last Buyer's Agent

Peter Strauss

Iconic Investments License #01335696 Listed on: 08/19/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,255

Parking

  • 6 Parking Spaces

Interior Spaces

  • 3,882 Sq Ft Home
  • 2-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 8 Bathrooms

Additional Features

  • 8,255 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 5 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5520-024-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3882
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Laundry Equipment: Own
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 431.48

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 6

Utilities

  • Heating: Forced Air

Lot Info

  • Assessed Improvement Value: 265259
  • Assessed Land Value: 424415
  • Assessor Parcel Number: 5520-024-006
  • Geocode Override: No
  • Lot Size Area: 8255

Rental Info

  • Total Actual Rent: 125578.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.34
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 42350
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2018 11/08/18 Sold $1,600,000 -4.5% $412 / Sq Ft
08/19/2018 08/19/18 For Sale $1,675,000 +157.7% $431 / Sq Ft
11/27/2012 11/27/12 Sold $650,000 -7.0% $167 / Sq Ft
09/01/2012 09/01/12 Pending -- -- --
05/29/2012 05/29/12 For Sale $699,000 -- $180 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Peter Strauss

    Iconic Investments

    Section Image
  • Jules Ayora

    Seller's Agent in 2012

    Jules Ayora

    Seven Gables Real Estate

    (714) 840-1031

    32 Total Sales

    Jules Ayora
    Section Image

  • T

    Buyer's Agent in 2012

    Timothy Lewis

    Elliot Lewis, Broker

    (562) 221-9392

    1 Total Sale

    Timothy Lewis
    Section Image
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Map

Source: The MLS

MLS Number: 18-377780

The MLS
California Los Angeles County Los Angeles 90004 East Hollywood

329 N Alexandria Ave, Los Angeles, CA

This home is located at 329 N Alexandria Ave, Los Angeles, CA 90004 since 19 August 2018. This property was built in 1923. 329 N Alexandria Ave is a home located in Los Angeles County with nearby schools including Alexandria Avenue Elementary School, Virgil Middle School, and Belmont High School.

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