Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

7

Building size

4,608 sqft

Lot size

4,557 sqft

Year built

1923

Stories

2

Garage spaces

4

Status

Active

Days on market

180

MLS #

240218919

About this property

Nestled between the trendy Larchmont Village and Virgil Village neighborhoods, just north of bustling Koreatown, the property allows tenants convenient access to many of Los Angeles' most recently improved areas. Silver Lake, Sunset Junction, and Echo Park are just east of the buildings, while the high-end Los Feliz neighborhood sits north of the property. A new ADU was completed in 2025, generating a substantial income stream by attracting higher-paying tenants with its brand new finishes. Garage parking for four vehicles is another rare amenity in this dense residential neighborhood that helps attract new tenants to the building. Neither building appears on the Los Angeles Department of Building and Safety's seismic retrofit list (Buyer to verify), saving a new owner from what would otherwise be a costly capital expenditure. Residents enjoy convenient access to the 101 Freeway, while the Metro Red Line is accessible via the nearby Vermont/Beverly station. With LA Live and the neighboring Crypto.com Arena, Los Angeles Convention Center, and nearby Los Angeles Coliseum scheduled to host events in the 2028 Summer Olympics, the entire local area stands to benefit from upcoming infrastructure improvements and an influx of capital to the area.

Location

500 N Alexandria Avenue

Los Angeles, Los Angeles, CA, 90004