1802 N Alexandria Ave
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1802 N Alexandria Ave
8 Unit Block of Flats £1,683,150 (£210,394/Unit) 4.47% Net Initial Yield Los Angeles, CA 90027
Investment Highlights
- Value-add 8-unit multifamily investment opportunity w/ over 20% rental upside - 7 (1+1) & 1 (2+1)
- Units separately metered for gas & electric, on site covered parking and community laundry facilities
- Easy access to public transportation; walking distance to the Vermont/Sunset and Hollywood/Western stations
- Prime Los Feliz location with an 88-walk score; close proximity to the area’s most popular dining, shopping, and entertainment
- Affluent and densely populated area with over 1,060,000 people within a 5-mile radius and median home value of $1,046,000 within 2 miles
- Ongoing development and convenient access to major employers/studios (CHLA, Hollywood Presbyterian, Netflix, Sunset Gower Studios, LA City College)
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£128,102
|
£21.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£3,203
|
£0.53
|
| Effective Gross Income |
£124,899
|
£20.69
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£49,606
|
£8.22
|
| Net Operating Income |
£75,293
|
£12.47
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £128,102 |
| Annual Per SF | £21.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £3,203 |
| Annual Per SF | £0.53 |
| Effective Gross Income | |
|---|---|
| Annual | £124,899 |
| Annual Per SF | £20.69 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £49,606 |
| Annual Per SF | £8.22 |
| Net Operating Income | |
|---|---|
| Annual | £75,293 |
| Annual Per SF | £12.47 |
Property Facts
| Price | £1,683,150 | Apartment Style | Low Rise |
| Price Per Unit | £210,394 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Net Initial Yield | 4.47% | Building Size | 6,038 SF |
| Gross Rent Multiplier | 13.19 | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.32/1,000 SF |
| Price | £1,683,150 |
| Price Per Unit | £210,394 |
| Sale Type | Investment |
| Net Initial Yield | 4.47% |
| Gross Rent Multiplier | 13.19 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,038 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.32/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 5589-033-024 | Improvements Assessment | £97,074 (2024) |
| Land Assessment | £49,678 (2024) | Total Assessment | £146,751 (2024) |
PROPERTY TAXES
Parcel Number
5589-033-024
Land Assessment
£49,678 (2024)
Improvements Assessment
£97,074 (2024)
Total Assessment
£146,751 (2024)
zoning
| Zoning Code | LARD1.5 (Limited Dwelling Residence) |
| LARD1.5 (Limited Dwelling Residence) |
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1802 N Alexandria Ave
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