1716 North Alexandria Avenue

1716 N Alexandria Ave, Los Angeles, CA 90027, USA

For Sale

$1,250,000

Property Description

Marcus & Millichap is pleased to present a three (3) unit apartment building located at 1716 North Alexandria Avenue in Los Angeles, California. The subject property is located on the border of Los Feliz in Atwater Village, north of Hollywood Boulevard and west of North Vermont Avenue.

Los Feliz is a relaxed hillside enclave that draws both established and up-and-coming creative types. This neighborhood is proudly inhabited by a diverse cultures, ages and incomes. With Hollywood to the west, Silver Lake to the south and Atwater village to the east, the area is home to some of the most outstanding architecture in Los Angeles County, but also the birthplace of many a motion picture and TV studio. There are plenty of old-school watering holes, hip shops and cafes, plus the Vista Theatre, a 1923 movie palace, and a pair of exemplary Frank Lloyd Wright homes. Los Feliz manages to strike a balance between desirability and approachability, its shops and eateries stay casually comfortable without becoming painfully cool. It’s a polished, albeit still eclectic, neighborhood whose laid-back charms are best explored on foot with a walk score of 92 and easy access to 101 Freeway. The neighborhood borders sprawling Griffith Park, beloved by locals for its hiking, concerts at the Greek Theatre and stargazing at Griffith Observatory.

Built in 1917, this offering contains three (3) legal units in two (2) detached buildings. The large front building holds two (2) separate units, while the small back building holds one (1) unit. Each unit in the front building has one-bedroom + two-bachelor units, but are legally one (1) unit each. The small bungalow in back is a one-bedroom/one-bathroom unit. The property is gated with on-site parking and a beautiful, street-facing patio for residents to enjoy spending time outside. This offering is located on the border of Los Feliz, providing tenants with easy access to sought-after commercial corridors on Hollywood Blvd, Sunset Blvd, N Vermont Ave, and Los Feliz Blvd. Tenants can take a short two (2) minute walk to Hollywood Blvd to enjoy Barnsdall Art Park. Commissioned by wealthy and eccentric heiress Alice Barnsdall, the hilltop space has a gorgeous view of downtown and has an arts center, gallery and theater, as well as the Hollyhock House, designed by Frank Lloyd Wright. Walk one (1) block further and residents will end up at Sunset Blvd where they can enjoy visiting the Upright Citizens Brigade or Vista Theatre. Tenants can take a five (5) minute walk to N Vermont Ave to find House of Pies, Los Feliz Theater, and Louvre Banquet Hall. After a short five (5) minute drive, residents can enjoy food and entertainment, like Los Feliz Manor and Supermoon DJs, on Los Feliz Blvd.

Located in a desirable Los Feliz location, this offering presents an excellent opportunity for a savvy investor to capitalize on the strong cash flow in a prime submarket.

Contact Agent

Jason Tuvia

(818) 212-2735

Unit Mix

One (1) 1 Bedroom / 1 Bathroom Unit, & Two (2) 2 Bedroom / 1 Bathroom Units

Property Type

Multifamily

Submarket

Price

Size

3,896 SF

Total Units

Year Built

1917

Property Location

1716 N Alexandria Ave, Los Angeles, CA 90027, USA

Property Description

Marcus & Millichap is pleased to present a three (3) unit apartment building located at 1716 North Alexandria Avenue in Los Angeles, California. The subject property is located on the border of Los Feliz in Atwater Village, north of Hollywood Boulevard and west of North Vermont Avenue.

Los Feliz is a relaxed hillside enclave that draws both established and up-and-coming creative types. This neighborhood is proudly inhabited by a diverse cultures, ages and incomes. With Hollywood to the west, Silver Lake to the south and Atwater village to the east, the area is home to some of the most outstanding architecture in Los Angeles County, but also the birthplace of many a motion picture and TV studio. There are plenty of old-school watering holes, hip shops and cafes, plus the Vista Theatre, a 1923 movie palace, and a pair of exemplary Frank Lloyd Wright homes. Los Feliz manages to strike a balance between desirability and approachability, its shops and eateries stay casually comfortable without becoming painfully cool. It’s a polished, albeit still eclectic, neighborhood whose laid-back charms are best explored on foot with a walk score of 92 and easy access to 101 Freeway. The neighborhood borders sprawling Griffith Park, beloved by locals for its hiking, concerts at the Greek Theatre and stargazing at Griffith Observatory.

Built in 1917, this offering contains three (3) legal units in two (2) detached buildings. The large front building holds two (2) separate units, while the small back building holds one (1) unit. Each unit in the front building has one-bedroom + two-bachelor units, but are legally one (1) unit each. The small bungalow in back is a one-bedroom/one-bathroom unit. The property is gated with on-site parking and a beautiful, street-facing patio for residents to enjoy spending time outside. This offering is located on the border of Los Feliz, providing tenants with easy access to sought-after commercial corridors on Hollywood Blvd, Sunset Blvd, N Vermont Ave, and Los Feliz Blvd. Tenants can take a short two (2) minute walk to Hollywood Blvd to enjoy Barnsdall Art Park. Commissioned by wealthy and eccentric heiress Alice Barnsdall, the hilltop space has a gorgeous view of downtown and has an arts center, gallery and theater, as well as the Hollyhock House, designed by Frank Lloyd Wright. Walk one (1) block further and residents will end up at Sunset Blvd where they can enjoy visiting the Upright Citizens Brigade or Vista Theatre. Tenants can take a five (5) minute walk to N Vermont Ave to find House of Pies, Los Feliz Theater, and Louvre Banquet Hall. After a short five (5) minute drive, residents can enjoy food and entertainment, like Los Feliz Manor and Supermoon DJs, on Los Feliz Blvd.

Located in a desirable Los Feliz location, this offering presents an excellent opportunity for a savvy investor to capitalize on the strong cash flow in a prime submarket.

Contact Agent

Jason Tuvia

(818) 212-2735

(818) 448-4415

CalBRE #01772495

Unit Mix

One (1) 1 Bedroom / 1 Bathroom Unit, & Two (2) 2 Bedroom / 1 Bathroom Units

Property Details

Property Type

Multifamily

Submarket

Los Feliz

Price

$1,250,000

Price per Unit

$416,667

Price per SF

$320.84

Status

For Sale

Size

3,896 SF

Total Units

3

Year Built

1917

Property Location

1716 N Alexandria Ave, Los Angeles, CA 90027, USA