244 South Alexandria Avenue

Los Angeles, CA 90004

$1,700,000
Last Sold Price
8
Beds
8
Baths
4,228 Sq. Ft.
$402 / Sq. Ft.
4,228
Sq. Ft.
$402
per Sq. Ft.

Description

Wonderful 4 unit building in an amazing location. Perfect for owner/user, developer, or investor. 3 out of 4 units currently vacant. Turn-Key property. Upside potential with possible development or ADU (buyer to verify) All 2 Bed 2 Bath units, clean and well maintained.Wonderful 4 unit building in an amazing location. Perfect for owner/user, developer, or investor. 3 out of 4 units currently vacant. Turn-Key property. Upside potential with possible development or ADU (buyer to verify) All 2 Bed 2 Bath units, clean and well maintained.
  1. Listed by Joubin Manoochehri • DRE #01767258 • Brokerage DRE #01767258 • JNM Realty, INC.

Property Details for 244 South Alexandria Avenue

Zoning
LAR3
Parcel Number
5518014020
Total Units
4.0
Living Area
4228
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
9000
Lot Size Area
8699

Location

Listing Courtesy of JNM Realty, INC., Joubin Manoochehri, DRE #01767258

Sold By eXp Realty of California Inc, Jason Anderson, DRE #01762393

Add your commute
LISTING UPDATED: 10/07/2021 03:01 PM

Property Details for 244 South Alexandria Avenue

StatusSold
MLS #21-694654
Days on Market212
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.20 AC / 8,699 SF
CountyLos Angeles County

Location

Listing Courtesy of JNM Realty, INC., Joubin Manoochehri, DRE #01767258

Sold By eXp Realty of California Inc, Jason Anderson, DRE #01762393

Add your commute

Building Information for 244 South Alexandria Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.20 AC / 8,699 SF

Payment Calculator

$11,070 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

$1,792

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 244 South Alexandria Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: apartment
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $140,000
  • Net Operating Income: $91,912.00
  • Gross Income: $140,000
  • Cap Rate: 4.60%
  • Gross Rent Multiplier: $14.69
  • Actual Annual Gross Rent: $140,000.00
  • Actual Rent Total: $140,000.00
  • Total Annual Expense: 44276
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1997
  • Lot Size Square Feet: 8699
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 4
  • Parking Features: Garage
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-18-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $336,600.00
  • Assessed Improvement Percent: 29.2
  • Assessed Land Value: $816,000.00
  • Assessed Land Percent: 70.8
  • Assessed Total Value: $1,152,600.00

Property History for 244 South 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 244 South Alexandria Avenue

Taxable ValueLand$714,000Additions$1,020,000Total$1,734,000
Tax Record2023$21,508 ($1,792 / month)
Home Facts
Total Finished SqFt4,228 SqFtAbove Grade Finished SqFt4,228 SqFtLot Size8,699 SqFtStyleQuadraplexYear Built1923ZoningLAR3CountyLOS ANGELESAPN5518-014-020

Schools near 244 South Alexandria Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Frank Del Olmo Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
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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Similar Sold 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 JNM Realty, INC., Joubin Manoochehri, DRE #01767258

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.