Est. cap rate

2.5%

Assumed rent, all units

$4,580/mo

Units

2

Price per unit

$550,000

Est. annual NOI

$27,480

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2,232 sqft

Lot size

6,532 sqft

Year built

1922

Stories

1

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

View

City Lights

Status

Active

Days on market

0

MLS #

249091961

About this property

Exceptional development opportunity in the heart of Hollywood! This property presents a unique opportunity for an investor, developer, or builder looking to capitalize on significant future potential. The sale includes extensive architectural plans and renderings for the proposed development of TWO NEW THREE-STORY SINGLE-FAMILY RESIDENCES at 1141 and 1143 N Alexandria Ave. The plans envision approximately 3,154 SF and 3,210 SF residences, creating more than 6,300 SF of combined new construction. A substantial amount of the planning, design, engineering, and plan-check work has already been completed, giving the next owner a major head start compared with beginning a development from scratch. Architectural plans and renderings are included with the sale. This is an opportunity to acquire the property today and complete a thoughtfully designed new-construction project with substantial upside potential upon completion. Ideal for a buyer looking to create two modern residences in one of Los Angeles' most dynamic and centrally located neighborhoods. Plans, renderings, proposed square footage, development potential, permit status, and all other project information are subject to buyer verification with the City of Los Angeles and appropriate professionals.

Location

1141 N Alexandria

Los Angeles, Los Angeles, CA, 90029