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519 N Alexandria Avenue, Los Angeles, CA 90004

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For Sale
Sale Pending

$1,175,000

5 beds • 3 baths • 3,464 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $339.20
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Fantastic investment opportunity located in one of the most desirable pockets of Hollywood. This unique property consists of two large units totaling over 3,000 square feet in the character-rich main building, originally constructed in 1922, along with a detached one-bedroom house built in 1947. Positioned on a sloped lot, the property offers impressive views of the surrounding city and skyline. The location is exceptionally convenient just minutes from major thoroughfares, freeway access, and downtown Los Angeles making it highly attractive to future tenants or end-users alike. With pro forma figures showing a GRM around 10x and a projected CAP rate of approximately 6.7%, the financial potential here is significant. Additionally, the property includes a three-car garage with excellent ADU conversion potential, creating an opportunity to increase returns even further. Some updates are needed, but the solid structure, generous unit sizes, and unbeatable location provide a strong foundation for long-term appreciation and income. A rare find in today's market ideal for investors, owner-users, or developers seeking value-add upside in a prime Hollywood location.
MLS# GD25175188

Courtesy Of Keller Williams World Media Center

(818) 432-3200

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 519 N Alexandria Avenue, Los Angeles, CA 90004

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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