130 S Alexandria Ave

For Sale

130 S Alexandria Ave, Los Angeles, CA 90004

This Los Angeles property for sale is located at 130 S Alexandria Ave. The current listed sale price for 130 S Alexandria Ave is $11,995,000. 130 S Alexandria Ave is situated on a lot that is 24,000 square feet in size.

Contacts

broker
Janet Neman

Kidder Mathews

broker
Angelica Gotzev

Kidder Mathews

Property Details

  • Property Type Multi-Family
  • Property Size 41,179 SF
  • Units 30
  • Lot Size 24,000 SF
  • Cap Rate % 5.05
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 58
  • Parking Ratio 1.41 / 1,000 SF
  • Year Built 1990
  • Date Updated Nov 20, 2024

Kidder Mathews is pleased to present the opportunity to acquire, 130 S Alexandria Avenue, a 30-unit apartment building located in prime Koreatown, one of the most desirable and rapidly developing submarkets of Los Angeles. Originally constructed in 1990, the Property is a luxury three-story structure that has undergone significant renovations and offers the opportunity to add value through additional renovations. The Property features thirty well-designed, two bedroom, two bath units with open floor plans. 130 S Alexandria offers investors a rare opportunity to acquire a sizeable trophy-asset within a high-demand rental market. Approximately 20 of the units have been renovated. The fully renovated units are equipped with high-end finishes which include new stainless-steel appliances, quartz countertops, vinyl plank flooring throughout, new kitchen cabinets and backsplashes, beautiful bathrooms with new sinks and vanities, new LED fixtures throughout, new paint and new window coverings. All first-floor units have extremely spacious patios, and all upper floor units have high, vaulted ceilings and balconies with expansive views of Downtown Los Angeles or Hollywood/Observatory. Less than half of the units have been fully renovated, leaving room for an investor to capitalize on the remaining rental upside. The Property has also undergone exterior capital improvements including a brand-new roof, new exterior paint, new flooring and new LED lighting throughout. The Property has secured entry with an intercom and 58 gated, underground parking spaces for all tenants. Additionally, each floor is conveniently equipped with a laundry room. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the remaining rental upside. 130 S Alexandria is ideally positioned in one of the most sought-after and vibrant communities in Los Angeles. The Property is a Walker’s Paradise, conveniently located amongst nearby amenities including entertainment venues, restaurants, shopping, hotels, and nightlife. Tenants are only a 12-minute walk to the Vermont / Beverly Metro Red Line Station and less than a mile from the Wilshire /Normandie Purple Line Station connecting to riders to the greater Los Angeles Area. The Purple Line is currently undergoing construction to extend the line by 2026 with new stations servicing Miracle Mile, Beverly Hills, Westwood and Brentwood. Further, the Property is centrally located near major employment centers including Downtown LA, Beverly Hills, Century City, Hollywood, West Hollywood, and Mid-Wilshire. Located in an area with immense economic growth, 130 S Alexandria provides investors with the opportunity to acquire a well maintained, trophy-asset, which is poised to deliver long term appreciation and rent growth.

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Getting around

  • 88/100

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  • 73/100

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  • 63/100

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Location

  • City Los Angeles, CA
  • Neighborhood Koreatown
  • Zip Code 90004
  • Market Los Angeles

Points of Interest

  • Vermont/Beverly Station

    0.49 miles

  • Wilshire/Normandie Station

    0.72 miles

  • Wilshire/Normandie

    0.73 miles

  • Wilshire/Western

    0.91 miles

  • Wilshire/Western Station

    0.91 miles

  • Vermont/Santa Monica South Entrance

    1.25 miles

  • Vermont/Santa Monica North Entrance

    1.35 miles

  • Vermont/Santa Monica

    1.35 miles

  • Westlake/MacArthur Park

    1.62 miles

  • Vermont/Sunset

    1.88 miles

  • 76

    0.39 miles

  • Chevron

    0.58 miles

  • Shell

    0.63 miles

  • Mobil

    0.74 miles

  • Arco

    1.03 miles

  • Sinclair

    1.33 miles

  • Electric Vehicle Charging Station

    3.55 miles

  • FLO

    5.39 miles

  • Tesla Supercharger

    5.77 miles

  • Parking electrique

    6.16 miles

  • SP+

    0.79 miles

  • Vermont & WIlshire Parking Lot -LADOT Facility No. 691

    0.87 miles

  • FM Parking Lot

    0.89 miles

  • MO Parking Lot

    0.93 miles

  • LACC Lot 3 & 4

    0.95 miles

  • Western Avenue Parking Garage

    0.97 miles

  • Braille Institute Parking Lot

    1.00 miles

  • LACC Parking Lot 1

    1.02 miles

  • LACC Parking Lot 2

    1.03 miles

  • HC Parking

    1.17 miles

  • Alexandria Motel

    0.20 miles

  • Shelter Hotel

    0.44 miles

  • Koryu

    0.50 miles

  • Avenue Hotel, Ascend Hotel Collection

    0.50 miles

  • Hotel Normandie

    0.61 miles

  • Best Western Plus La Mid-Town Hotel

    0.64 miles

  • The Line

    0.68 miles

  • Silver Lake Hotel

    0.79 miles

  • ROOM AND BOARDING

    0.93 miles

  • Hometel Suites

    0.99 miles

  • Jon's Marketplace

    0.20 miles

  • Chapines Express

    0.31 miles

  • Beverly Plaza

    0.34 miles

  • Seafood City

    0.39 miles

  • El Potrillo

    0.40 miles

  • Vons

    0.43 miles

  • LA Bangla Bazar

    0.48 miles

  • Ralphs

    0.49 miles

  • H Mart

    0.58 miles

  • Galleria Market - Galleria Vermont

    0.59 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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