ActiveResidential · sale

801 N Alexandria Avenue

Los Angeles, CA 90029

$1,799,000

  • 9 beds
  • 4 baths
  • 3,896 sq ft
  • 0.12 acres
  • Built 1924

Listed by Real Broker · MLS #26849395

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1924.

Property size

0.12 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

A stabilized fully renovated Hollywood cashflow asset with low maintenance immediate tax advantages and premium tenant appeal This is a VERY strong 1031 exchange product if marketed correctly THIS PROPERTY CHECKS ALL THE BOXES Fully remodeled Stable income Market rents Low maintenance Washerdryer in units Strong Hollywood location Potential vacant delivery Turnkey asset1031 exchange friendly Attractive tenant profile REAL story PERFECT BUYERS 1031 exchange buyers Passive income buyers Small multifamily investors Doctorlawyer investors Firsttime apartment buyers A fully renovated lowmaintenance Hollywood multifamily asset requiring minimal capital expenditure THE BEST ANGLE LOW HEADACHE Most investors today DO NOT want renovation This is what current investors want stable income easy management no deferred maintenance THIS property fits PERFECTLY Fully Renovated Hollywood Fourplex TurnKey 1031 Exchange Opportunity 801 N Alexandria Ave presents a rare opportunity to acquire a fully renovated and stabilized Spanishstyle fourplex in one of Los Angeles most desirable rental submarkets Located just blocks from Los Angeles City College LACC this turnkey asset offers strong inplace income low maintenance ownership and excellent longterm investment fundamentals The property consists of four upgraded residential units featuring Modern kitchens with quartz countertops Softclose cabinetry Hansgrohe fixtures Stainless steel appliances Recessed lighting with dimmers Updated bathrooms with Kohler fixtures Hardwoodstyle flooring Inunit washer dryers Ductless AC heating systems New dualpane windows New exterior paint Iron security features Waterefficient landscaping The property is currently 100 leased at market rental rates providing immediate stable cash flow Additionally the front 2bedroom 1bath unit at 801 N Alexandria may potentially be delivered vacant at close creating flexibility for owner occupancy or rental repositioning Investors appreciate Lowmaintenance operation Minimal deferred maintenance Strong tenant demand Hollywood rental market exposure Potential tax depreciation benefits Ideal 1031 exchange replacement opportunity Located near Hollywood Koreatown Silver Lake Downtown Los Angeles and major employment centers the property benefits from one of the strongest renterdriven markets in Los Angeles Buyer to verify all information and potential vacancy delivery PRICE IT AS TURNKEY PREMIUM Letting ALL KNOW WHAT IS IS NOT This is NOT a fixer old fourplexes deferred maintenance buildings headache assets No renovation needed That saves investors time money stress modern kitchenswasherdryerlighting Spanish exterior 100 leased market rents Fully renovated Hollywood fourplex with stable cash flow and almost ZERO maintenance THE PSYCHOLOGY Most investors right now are scared of construction costspermitsvacancies This Property solves ALL 3 MAIN HEADLINE TurnKey Hollywood Fourplex Stable Cash Flow Low Maintenance 1031 Exchange ReadyRare combination of renovation quality stable income and operational simplicity One of the few truly turnkey fourplexes currently available in HollywoodLOW HEADACHE OWNERSHIP EQUAL TO MOST EXTREMELY valuable in Los Angeles today Real Estate Market

THE NEIGHBORHOOD

Explore the location.

801 N Alexandria Avenue, Los Angeles, CA 90029

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1924
Full baths
0
Half baths
0
Cooling
CentralAir,Dual
Heating
Combination,Central
Appliances
Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
Zoning
LARD2
Parcel
5538007028

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$7,495.83
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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801 N Alexandria Avenue, Los Angeles, CA 90029 · MLS #26849395

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Listing information

MLS #26849395 · California Regional MLS

Listing brokerage: Real Broker
Listing agent: Max Lee

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.