NOT LISTED FOR SALE

501 N Alexandria Ave Los Angeles, CA 90004

East Hollywood Neighborhood
5 Beds
5 Baths
14,094 Sq Ft
9,733 Sq Ft Lot

Last Sold October 05, 2012

Last sale price $1,950,000 $138 Per Sq Ft

About This Home

As of October 2012

Just Listed! 18 Units in Mid-Wilshire. Great mix of two studios, 12 1 bedrooms units and 4 two bedroom units. Corner lot with mature landscaping makes for excellent curb appeal. Built in 1968, building totals 14,094 square feet on a 9,714 corner lot zoned R3. Listed at under $110,000 per unit and $140 per foot, this building will not last. 5.4% cap and 9.9 GRM on current, 7.3% cap and 8 GRM on very realistic proforma rents. Fantastic opportunity to purchase 18 units under $2 million with great cash flow and significant income upside potential.

Last Agent to Sell the Property

Dana Brody

Dana Brody License #01429001 Listed on: 07/11/2012

Last Buyer's Agent

Dana Brody

Dana Brody License #01429001 Listed on: 07/11/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 9,733

Interior Spaces

  • 14,094 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Parking

  • 18 Parking Spaces
  • 18 Covered Spaces
  • Gated Parking

Additional Features

  • 9,733 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 5520-010-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 14094
  • Manager Expense: 11400.00
  • Stories: 2
  • Year Built: 1968
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 140.13

Exterior Features

  • Pool: No

Garage/Parking

  • Covered Parking: 18
  • Parking Garage: Gated
  • Total Parking: 18

Utilities

  • Cooling: Wall/Window
  • Water Expense: 26239.00

Fee Information

  • Insurance Expense: 5842.00
  • Maintenance Expense: 4500.00
  • Management Expense: 9994.00
  • Trash Expense: 2350.00

Lot Info

  • Assessor Parcel Number: 5520-010-016
  • Lot Size Area: 9733

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.90
  • Number Of Units: 18
  • Total Annual Expense: 87318
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 24688.00

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
10/05/2012 10/05/12 Sold $1,950,000 -1.3% $138 / Sq Ft
07/11/2012 07/11/12 Pending -- -- --
07/11/2012 07/11/12 For Sale $1,975,000 -- $140 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dana Brody

    Seller's Agent in 2012

    Dana Brody

    Dana Brody

    (310) 849-8151

    29 Total Sales

    Dana Brody
    Section Image
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Map

Source: The MLS

MLS Number: 12-612005

The MLS
California Los Angeles County Los Angeles 90004 East Hollywood

501 N Alexandria Ave, Los Angeles, CA

This home is located at 501 N Alexandria Ave, Los Angeles, CA 90004 since 11 July 2012. This property was built in 1968. 501 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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