Los Angeles, CA 90057
$3,950,000
Mark Quesada
Broker / Owner
DRE #02101365
Alvarado Apartments - a 35-unit mixed-use value-add in the heart of Westlake / MacArthur Park, comprising 24 residential units (23 studios + 1 one-bedroom) and 11 ground-floor commercial spaces including two restaurants and retail. Fully repiped and rewired in 2018 with fire sprinklers throughout. Offered at $3,950,000, an 8.92% in-place cap rate on the buyer's reassessed tax basis. Designated Residential Hotel on C2-2 zoning with a Transit Oriented Communities and State Density Bonus path to substantial added density. On-site parking, ground-floor retail income, and steps to the Metro B/D lines. Meaningful upside through studio mark-to-market, parking lease-up and Section 8 / HACLA-supported income. Buyer to verify all figures, unit legality, square footage and development potential.
Adjust the numbers to explore the cost of this home. Nothing is saved.
$29,686/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Listed by Logan Altman, Altman Apartments LLC
MLS# SR26162857 · Active
History reflects records reported to the MLS and may be incomplete.