We are pleased to present our latest listing, 18 units located at 833 South Alvarado Street. This investment opportunity is positioned between Koreatown, Silver Lake, and MacArthur Park, with terrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 6.93% Cap Rate and 9.05 GRM, with projected rental upside of about 26% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1Bed / 1 Bath units. The building is 11,846 square feet and the units are large, averaging about 650 square feet each, and many have access to private patios. The grounds also feature onsite laundry and secure parking for all units. Soft-story seismic retrofit work has also been completed, and units are individually metered for gas and electricity. With a terrific walk score of 96, the property is surrounded by many great amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines.
Property Details
Price:
$3,395,000
MLS #:
25575981
Status:
Active
Baths:
0
Address:
833 S Alvarado Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Aug 8, 2025
State:
CA
ZIP:
90057
Lot Size:
16,215 sqft / 0.37 acres (approx)
Year Built:
1968
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Schools
Interior
Cooling
None
Heating
Forced Air
Exterior
Parking Features
Covered
Parking Spots
18.00
Financial
Map
Community
- Address833 S Alvarado Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
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833 S Alvarado Street
Los Angeles, CA
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