Property Listing No Longer Available for Sale

341 S Alvarado St., Los Angeles, CA

Multi-family for Sale - $3,300,000 - 30,145 Sq. Ft. on 11355 acres

Property Info

  341 S Alvarado St.
  Los Angeles CA 90057
UpdatedJanuary 13th, 2014
Building30,145 Sq. Ft.
Land11355 acres

Property Description

341 South Alvarado Street is a 38 unit apartment building with 3 non conforming units consisting of

(6) 2 bedroom 1 bath, (9) 1 bedroom 1 bath, and (26) Singles units, with an average of 735 square feet

per unit. The Alvarado apartments is a 30,145 square feet five story building constructed in 1917 with

reinforced brick, master metered for electric and gas. Units have been upgraded as tenants move out,

with substantial additional upside in rents to be realized. Other upgrades to the building includes

refinished original hardwood floors throughout the common areas and individual units, plumbing, and


**Additional supplemental financing available with current Lender. Approximately $500,000 at low 4% interest rate.

Location Description:

Subject property is located in the heart of the Westlake District flanked by Koreatown to the West,

Silver Lake to the North and Downtown to the East. Just north of Wilshire Bloulevard, the Ozmun

Apartments is located just North of MacArthur Park and is just South of the St. Vincent Hospital. Close

to many restaurants and shops; highly rated at 88 of 100 by due to it's extremely

central location.


>> Approximately 15% upside in rental growth

>> Very low cost per square foot

>> Perfect value add opportunity with aggressive management

>> Located just South of St. Vincent Medical Center

>> Very attractive assumable loan at 3.9% interest rate with 6 years remaining.

>> Additional supplemental financing available for a higher LTV

* Email for additional photos


Sales Info:

>> Commision split: 1.5%

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