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$ 1,841,000
Est. payment | /mo
9 Beds
3,896 SqFt
$ 1,841,000
Est. payment | /mo
9 Beds
3,896 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,896 sqft
Price per Sqft $472
MLS Listing ID CL26736027
Bedrooms 9
HOA Y/N No
Year Built 1924
Lot Size 5,182 Sqft
Acres 0.12
Property Sub-Type OTHER
Property Description
A stabilized, fully renovated Hollywood cash-flow 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 Washer/dryer in units Strong Hollywood location Potential vacant delivery Turn-key asset1031 exchange friendly Attractive tenant profile REAL story. PERFECT BUYERS: 1031 exchange buyers Passive income buyers Small multifamily investors "Doctor/lawyer" investors First-time apartment buyers "A fully renovated, low-maintenance 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 Turn-Key 1031 Exchange Opportunity 801 N Alexandria Ave presents a rare opportunity to acquire a fully renovated and stabilized Spanish-style fourplex in one of Los Angeles' most desirable rental submarkets. Located just blocks from Los Angeles City College (LACC), this turn-key asset offers strong in-place income, low maintenance ownership, and excellent long-term investment fundamentals. The property consists of four upgraded residential units featuring: Modern kitchens with quartz countertops Soft-close cabinetry Hansgrohe fixtures Stainless steel appliances Recessed lighting with dimmers Updated bathrooms with Kohler fixtures Hardwood-style flooring In-unit washer & dryers Ductless AC & heating systems New dual-pane windows New exterior paint Iron security features Water-efficient landscaping The property is currently 100% leased at market rental rates, providing immediate stable cash flow. Additionally, the front 2-bedroom / 1-bath unit at 801 N Alexandria may potentially be delivered vacant at close, creating flexibility for owner occupancy or rental repositioning. Investors appreciate: Low-maintenance 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 renter-driven markets in Los Angeles. Buyer to verify all information and potential vacancy delivery. PRICE IT AS "TURN-KEY PREMIUM
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Heating Central
Cooling Central Air, Other
Fireplace No
Laundry Dryer, Washer
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 5538007028
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Listed by Max Lee • Real Broker
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