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1117 N Alexandria Ave, Los Angeles, CA 90029
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1117 N Alexandria Ave Los Angeles, CA 90029

$1,015,000 Sold Price as of 03/10/2022
  • 4 Beds
  • 3 Baths
  • 2,710 Sq.Ft.
Sold
$1,015,000 Sold Price as of 03/10/2022 Refinance Your Mortgage
Map preview of 1117 N Alexandria Ave, Los Angeles, CA 90029

Property Overview: 1117 N Alexandria Ave Los Angeles, CA has 4 bedrooms, 3 bathrooms, 2,710 living square feet and 6,541 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity Zone Located Investment in East Hollywood. Upside potential on rents. Existing triplex with city approval to construct an ADU in garage to make this a 4 unit property. Even without the garage, there is plenty of parking for each unit on this 6,541 sq ft lot. The upstairs unit is spacious and has 2 bedrooms and views. The downstairs units are well laid out with 1 bedroom and 1 bath each. The triplex is in need of updating but has much of the solid wood cabinetry, solid wood floors and original fixtures which is what we are discovering that many Eastside Seekers want. The building has newer copper plumbing, water heaters, dual-pane windows, and sewer line work. Foundational piers and post tuneup was performed. Even though, the property recently passed the periodic L.A. City Housing inspection with no outstanding or flagged items, it is being marketed as a fixer and therefore being sold as-is for land value. Proximity to restaurants, shops, LA City College and Metro Red Line. The existing tenants have been excellent tenants and paid rent all through COVID with no excuses or problems at all. Owner is not interested to offer compensation to any of the legacy tenants to vacate or propose cash for keys. If any potential Buyer wishes this scenario, they would do so after close of escrow and not during escrow. Please do not approach or make contact with the tenants.

Listed by Frank Paul Barbano | BRE #01380908 | Barbano Realty
Last checked: 14 minutes ago | Last updated: March 24th, 2022 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft
6,541
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21780348
City
Los Angeles
County
Los Angeles
Time on Site
985 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,070
  • Total Rent: $1,070
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $700
  • Total Rent: $700
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 31
  • Gross Scheduled Income: --
  • Net Operating Income: $27,200
  • Gross Operating Income: $37,440
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1117 N Alexandria Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Room Information
  • Flooring: Wood
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 5540006015
Location / Neighborhood
Location Information
  • Directions: Just North of Santa Monica Blvd. 2 blocks East of Normandie.
View more facts & features

Local Los Angeles Agent

Sale History for 1117 N Alexandria Ave

Last sold for $1,015,000 on March 10th, 2022

  • September, 2021

  • Sep 25, 2021

    Date

    Price Change

    CRMLS: 21780348

    $1,099,999

    Price

  • Sep 5, 2021

    Date

    Active

    CRMLS: 21780348

    $1,190,000

    Price

  • June, 2020

  • Jun 18, 2020

    Date

    Sold

    CRMLS: 19471156

    $964,754

    Price

  • Sep 26, 2019

    Date

    Active Under Contract

    CRMLS: 19471156

    $1,070,000

    Price

  • Aug 21, 2019

    Date

    Price Change

    CRMLS: 19471156

    $1,070,000

    Price

  • Jul 13, 2019

    Date

    Price Change

    CRMLS: 19471156

    $1,099,000

    Price

  • May 29, 2019

    Date

    Active

    CRMLS: 19471156

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity! This triplex is centrally located in Hollywood with huge upside potential in rents. The property consists of one 2 bedroom, 1 bath top floor unit and two 1 bedroom, 1 bath lower units. Lot is over 6,500 sqft with plenty of parking and 2 enclosed garages. All units are in need of updating. The building has newer copper plumbing, water heaters, dual-pane windows, and a sewer line. Short distance to restaurants, shops, LA City College and Metro Red Line train to downtown. Please do not disturb tenants.

  • October, 2019

  • Oct 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $964,500

    Price

  • October, 1998

  • Oct 23, 1998

    Date

    Sold (Public Records)

    Public Records

    $859,090

    Price

Show More

Tax History for 1117 N Alexandria Ave

Assessed Value (2020): $964,000
Year Land Value Improved Value Assessed Value
2020 $770,000 $194,000 $964,000

Home Value Compared to the Market

This property vs the competition

1117 N Alexandria Ave sold on March 10, 2022 for 15.97% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $369 per/sqft which puts the price per square foot 51.13% lower than the current median sale per square foot for the city of Los Angeles.

About 1117 N Alexandria Ave

Detailed summary of property

1117 N Alexandria Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 2,710 living square feet, and sits on an approximately 6,541 square foot lot. 1117 N Alexandria Ave was first listed on ArdentRealEstateGroup.com on September 5, 2021. The homeowner sold the property for $1,015,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.97% lower than the current median priced home. Local homes that are currently for sale include 4843 Rosewood Ave, 3456 Plata St and 2733 Council St. While the average home in Los Angeles, CA is selling in 94 days, 1117 N Alexandria Ave has a days on market of 51 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1117 N Alexandria Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1117 N Alexandria Ave

Public county record property details
Beds
4
Baths
3
Year built
1924
Sq. Ft.
2,710
Lot Size
6,540
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
90
APN
5540-006-015

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,200,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
35
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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