130 N Alexandria Avenue, Los Angeles, CA 90004

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
130 N Alexandria Avenue,Los Angeles, CA 90004
$10,380,000
  • 54 Beds
  • 54 Baths
  • 36,012 sq. ft.
  • Multi-family
  • Active
Listed by:neema ahadian
Office:marcus & millichap
MLS#:25548411
Source:CRMLS

Price summary

  • Price:$10,380,000
  • Price per sq. ft.:$288.24

About this home

We are pleased to present The Orleans Apartments, a 54-unit investment opportunity in prime Koreatown just east of Normandie Ave and south of Beverly Blvd. The subject property features an ideal unit mix of 54 one-bedrooms with 57 subterranean parking spaces; five units will be delivered vacant at the close of escrow. This is a value-add opportunity with 40% rental upside achievable as units turn; units are well-maintained but can be enhanced to capture premium rents with a renovation program including luxury vinyl plank flooring, stainless steel appliances, custom cabinetry and countertops, smoothed ceilings and light fixtures, and HVAC; exterior upgrades could include paint and common area upgrades; third floor units have balconies and all appliances are electric. At the asking price, the property is being offered at $288 PSF and $192,222 per unit. There are two laundry rooms on the third and fourth floors, each with three washers and three dryers leased with Wash. Rare opportunity

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Home facts

  • Year built:1971
  • Listing ID #:25548411
  • Added:118 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:54
  • Total bathrooms:54
  • Living area:36,012 sq. ft.

Structure and exterior

  • Year built:1971
  • Building area:36,012 sq. ft.
  • Lot area:0.55 Acres

Finances and disclosures

  • Price:$10,380,000
  • Price per sq. ft.:$288.24
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