Price Reduced Listing
244 S Alexandria Avenue,Los Angeles, CA 90004
Los Angeles, CA 90004
Description
Price greatly improved! Exceptional Koreatown fourplex offering large unit layouts, strong long-term investment potential, and approximately $150,000 in recent capital improvements. Built in 1923, the property features 4,228 SF of living space on an approximately 8,500 SF lot, comprised of four spacious 2-bedroom, 2-bathroom units averaging approximately 1,057 SF each. One unit will be delivered vacant, presenting an excellent opportunity for an owner-user or immediate rental upside.The oversized lot offers potential for future ADU or redevelopment opportunities (Buyer to verify). Parking includes two detached two-car garages, covered parking, and additional storage units, with recent improvements to the garage doors and lighting.Approximately $150,000 has been invested over the past four years, including new electrical systems in all four units, a new roof on both the main building and garage, full copper repipe from the meter to the units, new ABS plumbing beneath the building, foundation repairs, completed termite work, and new dishwashers and in-unit washer/dryers. These significant capital improvements help minimize future maintenance costs while providing added value and peace of mind for the next owner. A rare opportunity to acquire a well-maintained, character-rich multifamily asset with substantial recent upgrades, attractive unit sizes, parking, and long-term value-add potential in one of Los Angeles' most sought-after rental markets.
Details
| MLS # | 26853139 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 63 |
| Listing Provided By | Exp Commercial of California, Inc. | Toni Nan Xiong |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 4,228 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.20 |
Interior
| Heating | Forced Air |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Dishwasher, Microwave, Refrigerator, Dryer |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,795,000 low | high Med: $1,750,000 sqft: 4,228 low | high Med: 4,675 $ / sqft: $425 low | high Med: $379 On site: 63 low | high Med: 73.5 | |
Market Activity 90004
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,795,000 low | high Med: $1,750,000 sqft: 4,228 low | high Med: 4,675 $ / sqft: $425 low | high Med: $379 On site: 63 low | high Med: 73.5 | |
