1423 North Alexandria Avenue

Los Angeles, CA 90027

$1,299,000
Price
4
Beds
4
Baths
2,408 Sq. Ft.
$539 / Sq. Ft.
2,408
Sq. Ft.
$539
per Sq. Ft.

Description

We are pleased to exclusively present the opportunity to acquire 1423 North Alexandria Avenue, a multi-family investment property ideally located in the heart of East Hollywood, California, one of the most desired rental submarkets in all of Los Angeles. The property sits just east of Normandie Avenue, between Sunset Boulevard and Fountain Avenue. Constructed in 1914, the property sits on 0.15 acres (6,792 square feet) of land and has a total building area of 2,408 square feet. The property features...We are pleased to exclusively present the opportunity to acquire 1423 North Alexandria Avenue, a multi-family investment property ideally located in the heart of East Hollywood, California, one of the most desired rental submarkets in all of Los Angeles. The property sits just east of Normandie Avenue, between Sunset Boulevard and Fountain Avenue. Constructed in 1914, the property sits on 0.15 acres (6,792 square feet) of land and has a total building area of 2,408 square feet. The property features a single family three-bedroom/two-bathroom residence in the front and a duplex in the rear with one-bedroom/one-bathroom floor plans. The charming single-family residence offers gated entrances, tile front porch, paved walkway, fireplace, and multiple entrances to the house. Residents in the duplex units enjoy private backyards. All units are individually metered for gas and electricity, and single-family residence has a separate hot water heater. There are multiple on-site open parking spaces as well as street parking. With a walk score of 90, the property is conveniently located within the Little Armenia neighborhood bordering Los Feliz, Griffith Park, Melrose Hill, Silver Lake, and the Hollywood Hills, providing residents with countless amenities and opportunities to explore new experiences. The property is within walking distance to multiple highly rated healthcare facilities including Hollywood Presbyterian Medical Center, Children’s Hospital Los Angeles, and Kaiser Permanente Los Angeles Medical Center, which is named America’s best maternity hospitals by Newsweek in 2023. To the north of Kaiser Medical Center is the Hollyhock House Visitor Center in the Barnsdall Art Park, where residents can take an evening stroll through the city’s municipal art gallery with roof terraces and gardens. This expansive art complex also features art classes for both adults and children. There are several department stores located within a mile radius of the property such as Target, Walgreens, 99 Cents Only Stores, Vons, and Marshalls. In addition, the property is a ten-minute walk west from the Vermont/Sunset Metro Station within the Los Angeles Metro B-Line that takes commuters south to Union Station in Downtown Los Angeles and north to North Hollywood Arts District, passing several world-famous tourist sites such as the Hollywood Walk of Fame, TCL Chinese Theatre, Hollywood Pantages Theatre, Universal Studios Hollywood, etc.
  1. Listed by David Covarrubias • DRE #01941403 • Brokerage DRE #00530854 • MARCUS & MILLICHAP • 626-319-2479
  2. Listed by Douglas McCauley • DRE #01155706 • Brokerage DRE #00530854 • MARCUS & MILLICHAP

Property Details for 1423 North Alexandria Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Other
Living Area
2408
Assessor Parcel Number
5543-024-010
Property Attached YN
true

Location

Listing Courtesy of MARCUS & MILLICHAP, David Covarrubias, DRE #01941403; MARCUS & MILLICHAP, Douglas McCauley, DRE #01155706
Add your commute
LISTING UPDATED: 01/18/2024 10:44 PM

Property Details for 1423 North Alexandria Avenue

StatusActive
MLS #CV24011231
Days on Market101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.16 AC / 6,794 SF
CountyLos Angeles County

Location

Listing Courtesy of MARCUS & MILLICHAP, David Covarrubias, DRE #01941403; MARCUS & MILLICHAP, Douglas McCauley, DRE #01155706
Add your commute

Building Information for 1423 North Alexandria Avenue

Stories1Residences-Year Built1914Building Size-Lot Size0.16 AC / 6,794 SF

Payment Calculator

$7,551 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,089

Property Taxes

$462

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1423 North Alexandria Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $44,880
  • Gross Scheduled Income: $44,880
  • Net Operating Income: $19,328
Expense Details
  • Operating Expense: $25,553
  • New Taxes Expense: $16,238
  • Fuel Expense: $0
  • Pest Control Expense: $300
  • Electric Expense: $0
  • Insurance Expense: $2,541
  • Maintenance Expense: $2,165
  • Other Expense: $320
  • Trash Expense: $0
  • Water Sewer Expense: $3,989
  • Total Expenses: $25,553
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 1912.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 36
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Rectangular Lot
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,205
  • Unit Type Total Rent: $2,410
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,330
  • Unit Type Total Rent: $1,330
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 1423 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 1423 North Alexandria Avenue

Taxable ValueLand$227,178Additions$191,681Total$418,859
Tax Record2023$5,550 ($462 / month)
Home Facts
Total Finished SqFt2,408 SqFtAbove Grade Finished SqFt2,408 SqFtLot Size6,792 SqFtStyleQuadraplexYear Built1914ZoningLARD2CountyLOS ANGELESAPN5543-024-010

Schools near 1423 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.

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1423 North Alexandria Avenue is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on January 18, 2024 by MARCUS & MILLICHAP, it's currently listed at $1,299,000. It has been on the market for a total of 101 days and was last sold on May 30, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Ramona Elementary School, Joseph Le Conte Middle School and Helen Bernstein High School. 1423 North Alexandria Avenue is a 4-bed, 4-bath, 2,408 sqft multi-family home built in 1914.

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 MARCUS & MILLICHAP, David Covarrubias, DRE #01941403; MARCUS & MILLICHAP, Douglas McCauley, DRE #01155706

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.