See all 11 photos
11 photos
REQUEST A TOUR
$2,600,000
Est. payment /mo
12 Beds
16 Baths
11,184 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,184 sqft
Price per Sqft $232
MLS Listing ID 26671965
Bedrooms 12
HOA Y/N No
Year Built 1929
Lot Size 8,603 Sqft
Property Description
Built in 1929, 512 N Alexandria Avenue represents a rare opportunity to acquire a distinctive vintage asset on a desirable residential street in East Hollywood, just moments from Koreatown. The property offers investors a chance to own a character-rich building from one of Los Angeles' most architecturally significant eras. With its classic 1920s charm and strong rental fundamentals, the asset combines historic appeal with meaningful long-term investment potential in one of the city's most dynamic rental corridors. The property consists of sixteen well-proportioned apartment units, including fourteen (14) one-bedroom / one-bath units and four (4) studio apartments. The apartments feature spacious layouts and showcase a variety of original architectural elements that highlight the building's vintage character. Tenants and visitors alike will appreciate the thoughtful design details, including high ceilings, arched passageways, and built-in shelving, all of which contribute to the property's warm and timeless aesthetic.In addition to its attractive unit interiors, the building offers tasteful common areas and a welcoming residential atmosphere reflective of its 1920s design heritage. Amenities include secure property access, an outdoor patio gathering area, and twelve walk-in storage units located in the basement. Residents also benefit from on-site laundry facilities, which are currently leased, providing convenient services for tenants while generating additional income for ownership.From an investment perspective, 512 N Alexandria Avenue presents several avenues for future upside. Investors may have the opportunity to increase rental income through strategic unit renovations as units turn over, as well as explore the potential addition of ADUs within two separate lower-level spaces. The building is currently master metered for utilities, creating the potential for further revenue optimization through the implementation of a RUBs (Ratio Utility Billing System) program. The property is exceptionally well located in East Hollywood, offering residents convenient access to some of Los Angeles' most important employment and lifestyle centers, including Koreatown, Downtown Los Angeles, and Hollywood. The neighborhood is highly walkable, with a Walk Score of 85, allowing residents to accomplish most daily errands on foot. Additionally, the property sits approximately a 10-minute walk from the Metro B Line (Red) at the Vermont / Beverly Station, providing direct access to major transit routes and making the location highly desirable for renters seeking connectivity throughout the city.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features On Street
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5520009025
Special Listing Condition Standard
Read Less Info
Listed by Nick Astrupgaard KW Commercial Studio City #01893466
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION