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320 S Alvarado Street, Los Angeles, CA 90057

Local realty services provided by:CENTURY 21 Discovery
320 S Alvarado Street,Los Angeles, CA 90057
$3,650,000
  • - Beds
  • 33 Baths
  • 18,195 sq. ft.
  • Multi-family
  • Active
Listed by: neema ahadian
Office: marcus & millichap
MLS#:26636721
Source:CRMLS

Price summary

  • Price:$3,650,000
  • Price per sq. ft.:$200.6

About this home

We are pleased to present 320 S Alvarado Street, a 35-unit multifamily investment opportunity located in the Westlake submarket of Los Angeles, just south of 3rd Street and two blocks from MacArthur Park. The property features a desirable unit mix consisting of three bachelor units, 29 singles, and three one-bedroom units, catering to strong rental demand in the area. Significant value-add opportunity with the majority of units rented below market, offering approximately 32% rental upside as units turn. Attractive basis with the property offered at $104,286 per unit and $201 per square foot, well below replacement cost for a centrally located Los Angeles asset. The property is within one mile of the Metro AE Rail Lines and steps from multiple Metro Local bus lines along S Alvarado Street. Proximity to major retailers and daily-needs amenities, including The Home Depot, Superior Grocers, Starbucks, and a variety of dining and service options along6th Street and 3rd Street.

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Home facts

  • Year built:1927
  • Listing ID #:26636721
  • Added:2 day(s) ago
  • Updated:January 15, 2026 at 04:33 AM

Rooms and interior

  • Total bathrooms:33
  • Living area:18,195 sq. ft.

Structure and exterior

  • Year built:1927
  • Building area:18,195 sq. ft.
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$3,650,000
  • Price per sq. ft.:$200.6
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Discovery is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Discovery, a broker participant of California Regional MLS (Southern California). 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. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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