313 N Alexandria Avenue, Los Angeles, CA 90004
Local realty services provided by:ERA Excel Realty
313 N Alexandria Avenue,Los Angeles, CA 90004
$3,245,000
- 23 Beds
- 14 Baths
- 10,037 sq. ft.
- Multi-family
- Active
Listed by: johnny cho
Office: keller williams realty los feliz323-300-1000
MLS#:26852873
Source:CRMLS
Price summary
- Price:$3,245,000
- Price per sq. ft.:$323.3
About this home
313 N Alexandria Ave is a well-maintained 9-unit multifamily investment opportunity located in Mid-Wilshire, bordering Silver Lake and Koreatown, one of Los Angeles' strongest rental corridors. Offering a 5.50 CAP rate (GRM 11.56) and fully occupied with responsible tenants provide stable in-place income. Built in 1989, the 10,037 sf building consists of five 3bd+2ba units and four 2bd+ 1ba units, offering highly desirable floor plans that support strong tenant demand and long-term rental stability. The property includes copper plumbing and is well maintained, with several updated units featuring laminate flooring, renovated bathrooms, and newer wall A/C units. Additional amenities include 16 parking spaces and an on-site community laundry room, offering an additional source of income. Because the building was built in 1989, it is not subject to LA City rent control but is subject to California's statewide rent cap, providing owners with the ability to adjust rents annually CPI + 5% or up to 10%. This asset offers immediate cash flow with long-term upside potential through rental growth in a high-demand, centrally located infill market.Ideally situated in a prime rental corridor, the property offers convenient access to Echo Park, Downtown Los Angeles, Koreatown, Silver Lake, dining, entertainment, and nearby Metro subway stations and public transportation....
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Home facts
- Year built:1989
- Listing ID #:26852873
- Added:93 day(s) ago
- Updated:October 01, 2026 at 03:35 AM
Rooms and interior
- Bedrooms:23
- Total bathrooms:14
- Living area:10,037 sq. ft.
Heating and cooling
- Cooling:Dual
- Heating:Wall Furnance
Structure and exterior
- Year built:1989
- Building area:10,037 sq. ft.
- Lot area:0.19 Acres
Finances and disclosures
- Price:$3,245,000
- Price per sq. ft.:$323.3
Parking
- Total parking spaces:16
- Parking description:Assigned, Controlled Entrance, Garage, Tandem
- Garage:Yes
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