320 S Alvarado Street, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
320 S Alvarado Street,Los Angeles, CA 90057
$3,450,000
  • - Beds
  • 33 Baths
  • 18,195 sq. ft.
  • Multi-family
  • Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26636721
Source:CRMLS

Price summary

  • Price:$3,450,000
  • Price per sq. ft.:$189.61

About this home

We are pleased to present 320 S Alvarado Street, a 35-unit multifamily investment opportunity located in the Westlake submarket of Los Angeles, just south of 3rd Street and two blocks from MacArthur Park. The property features a desirable unit mix consisting of three bachelor units, 29 singles, and three one-bedroom units, catering to strong rental demand in the area. Significant value-add opportunity with the majority of units rented below market, offering approximately 32% rental upside as units turn. Attractive basis with the property offered at $98,571 per unit and $190 per square foot, well below replacement cost for a centrally located Los Angeles asset. The property is within one mile of the Metro AE Rail Lines and steps from multiple Metro Local bus lines along S Alvarado Street. Proximity to major retailers and daily-needs amenities, including The Home Depot, Superior Grocers, Starbucks, and a variety of dining and service options along6th Street and 3rd Street. Strategically...

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Home facts

  • Year built:1927
  • Listing ID #:26636721
  • Added:109 day(s) ago
  • Updated:April 23, 2026 at 01:18 PM

Rooms and interior

  • Total bathrooms:33
  • Living area:18,195 sq. ft.

Structure and exterior

  • Year built:1927
  • Building area:18,195 sq. ft.
  • Lot area:0.18 Acres
  • Levels:Three Or More

Finances and disclosures

  • Price:$3,450,000
  • Price per sq. ft.:$189.61
Based on information from California Regional Multiple Listing Service, Inc. as of May 2, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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