833 South Alvarado Street
833 South Alvarado Street
Description
terrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 6.03% Cap Rate and 10.44 GRM, with
projected rental upside of about 31% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1 Bed / 1 Bath units. The building is 11,846 square feet and the units are large, averaging about 650 square feet...833 South Alvarado Street is an 18-unit investment opportunity positioned between Koreatown, Silver Lake, and MacArthur Park, with
terrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 6.03% Cap Rate and 10.44 GRM, with
projected rental upside of about 31% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1 Bed / 1 Bath units. The building is 11,846 square feet and the units are large, averaging about 650 square feet each, and many have access to private patios. The grounds also feature onsite laundry and secure parking for all units. Soft-story seismic retrofit work has also been completed, and units are individually metered for gas and electricity. With a terrific walk score of 96, the property is surrounded by many great amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines.
- Listed by Josh Cohen • DRE #01346713 • Brokerage DRE #01368364 • Keller Williams Beach Cities • 310-480-2130
Property Details for 833 South Alvarado Street
Location
Property Details for 833 South Alvarado Street
| Status | Active |
|---|---|
| MLS # | SB24098700 |
| Days on Market | 18 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1968 |
| County | Los Angeles County |
Location
Building Information for 833 South Alvarado Street
Payment Calculator
$23,592 per month
30 year fixed, 7.25% Interest
$20,465
$3,127
$0
Property Information for 833 South Alvarado Street
- Gross Income: $359,148
- Gross Scheduled Income: $359,148
- Net Operating Income: $226,303
- Other Income Description: Contact for more inc/exp info
- Gross Multiplier: 10.44
- Cap Rate: 6.03
- Operating Expense: $129,388
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Other Expense: $129,388
- Other Expense Description: Contact
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $129,388
- Tax Block: D
- Tax Tract Number: 2094
- Tax Census Tract: 2094.02
- CFD/Mello-Roos Fee: $3,530
- Tax Lot: 20
- Community Features: Curbs
- Laundry: Yes
- Laundry Features: Common Area
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Level with Street
- Number Of Units: 18
- Land Lease: No
- Land Lease Type: Fee
- Topography: Level
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $4,290
- Unit Type Total Rent: $4,290
- Unit Type Pro Forma: 5000
- Unit Type Type: 1
- Unit Type Units Total: 16
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $25,638
- Unit Type Total Rent: $25,638
- Unit Type Pro Forma: 34400
- Unit Type Type: 2
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 19
- Number Of Separate Gas Meters: 19
- Number Of Separate Water Meters: 1
Property History for 833 South Alvarado Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 833 South Alvarado Street
Schools near 833 South Alvarado Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Berendo Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Keller Williams Beach Cities, Josh Cohen, DRE #01346713
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.