1117 North Alexandria Avenue

Los Angeles, CA 90029

$1,015,000
Last Sold Price
4
Beds
3
Baths
2,710 Sq. Ft.
$375 / Sq. Ft.
2,710
Sq. Ft.
$375
per Sq. Ft.

Description

Opportunity Zone Located Investment in East Hollywood. Upside potential on rents. Existing triplex with city approval to construct an ADU in garage to make this a 4 unit property. Even without the garage, there is plenty of parking for each unit on this 6,541 sq ft lot. The upstairs unit is spacious and has 2 bedrooms and views. The downstairs units are well laid out with 1 bedroom and 1 bath each. The triplex is in need of updating but has much of the solid wood cabinetry, solid wood floors and...Opportunity Zone Located Investment in East Hollywood. Upside potential on rents. Existing triplex with city approval to construct an ADU in garage to make this a 4 unit property. Even without the garage, there is plenty of parking for each unit on this 6,541 sq ft lot. The upstairs unit is spacious and has 2 bedrooms and views. The downstairs units are well laid out with 1 bedroom and 1 bath each. The triplex is in need of updating but has much of the solid wood cabinetry, solid wood floors and original fixtures which is what we are discovering that many Eastside Seekers want. The building has newer copper plumbing, water heaters, dual-pane windows, and sewer line work. Foundational piers and post tuneup was performed. Even though, the property recently passed the periodic L. A. City Housing inspection with no outstanding or flagged items, it is being marketed as a fixer and therefore being sold as-is for land value. Proximity to restaurants, shops, LA City College and Metro Red Line. The existing tenants have been excellent tenants and paid rent all through COVID with no excuses or problems at all. Owner is not interested to offer compensation to any of the legacy tenants to vacate or propose cash for keys. If any potential Buyer wishes this scenario, they would do so after close of escrow and not during escrow. Please do not approach or make contact with the tenants.
  1. Listed by Frank Paul Barbano • DRE #01380908 • Brokerage DRE #01380908 • Barbano Realty

Property Details for 1117 North Alexandria Avenue

Zoning
LARD2
Parcel Number
5540006015
Total Units
3.0
Living Area
2710
Source Living Area
Assessor
Area
Hollywood (C20)
Vacancy Rate
0
Lot Size Area
6541

Location

Listing Courtesy of Barbano Realty, Frank Paul Barbano, DRE #01380908

Sold By Christopher Lim, Christopher Lim, DRE #01486557

Add your commute
LISTING UPDATED: 03/24/2022 02:48 PM

Property Details for 1117 North Alexandria Avenue

StatusSold
MLS #21-780348
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.15 AC / 6,541 SF
CountyLos Angeles County

Location

Listing Courtesy of Barbano Realty, Frank Paul Barbano, DRE #01380908

Sold By Christopher Lim, Christopher Lim, DRE #01486557

Add your commute

Building Information for 1117 North Alexandria Avenue

Stories2Residences-Year Built1924Building Size-Lot Size0.15 AC / 6,541 SF

Payment Calculator

$6,612 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,539

Property Taxes

$1,073

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1117 North Alexandria Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: apartments
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $37,440
  • Net Operating Income: $27,200.00
  • Gross Income: $37,440
  • Gross Rent Multiplier: $31.00
  • Owner Pays: Water
  • Total Annual Expense: 10240
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1502
  • Lot Size Square Feet: 6541
  • Lot Size Dimensions: 50x130
  • Source Lot Size Dimensions: Other
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 7
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Flooring: Hardwood
  • Equipment: Built-Ins
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-04-2021
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,070.00
  • Unit Actual Rent: $1,070.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $700.00
  • Unit Actual Rent: $700.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $194,000.00
  • Assessed Improvement Percent: 20.12
  • Assessed Land Value: $770,000.00
  • Assessed Land Percent: 79.88
  • Assessed Total Value: $964,000.00

Property History for 1117 North Alexandria Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1117 North Alexandria Avenue

Taxable ValueLand$816,000Additions$219,300Total$1,035,300
Tax Record2023$12,875 ($1,073 / month)
Home Facts
Total Finished SqFt2,710 SqFtAbove Grade Finished SqFt2,710 SqFtLot Size6,541 SqFtStyleTriplexYear Built1924ZoningLARD2CountyLOS ANGELESAPN5540-006-015

Schools near 1117 North Alexandria Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Barbano Realty, Frank Paul Barbano, DRE #01380908

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.