833 S Alvarado Street, Los Angeles, CA 90057 (MLS # 25575981)

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PRICE $3,395,000 dsIDX morgage calculator
BEDS 20
BATHS 18
HOME SIZE 11,846 sqft
LOT SIZE 16,214 sqft
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We are pleased to present our latest listing, 18 units located at 833 South Alvarado Street. This investment opportunity is positioned between Koreatown, Silver Lake, and MacArthur Park, with terrific access to Downtown and the rest of Los Angeles! This investment is priced to sell at a current 6.93% Cap Rate and 9.05 GRM, with projected rental upside of about 26% for a new owner! The units are comprised of (2) 2 Bed / 2 Bath units and and (16) 1Bed / 1 Bath units. The building is 11,846 square feet and the units are large, averaging about 650 square feet each, and many have access to private patios. The grounds also feature onsite laundry and secure parking for all units. Soft-story seismic retrofit work has also been completed, and units are individually metered for gas and electricity. With a terrific walk score of 96, the property is surrounded by many great amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines.

DAYS ON MARKET 31 LAST UPDATED 8/8/2025
YEAR BUILT 1968 COMMUNITY C42 - Downtown L.A.
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
AREA C42 - Downtown L.A.
HEAT Forced Air
LOT 0.3722 acre(s)
PARKING Covered
STORIES 2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Keller Williams Realty

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