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150 S Alvarado St, Los Angeles, CA 90057
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150 S Alvarado St Los Angeles, CA 90057

$1,950,000
  • 10 Beds
  • 10 Baths
  • 6,536 Sq.Ft.
For Sale
$1,950,000 Get Pre-Qualified
Map preview of 150 S Alvarado St, Los Angeles, CA 90057

Property Overview: 150 S Alvarado St Los Angeles, CA has 10 bedrooms, 10 bathrooms, 6,536 living square feet and 6,366 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Huge 450k Price Reduction! Value-Add 10-unit building with 4 fully renovated units with permits (100% occupied) in the historic Filipino Town priced at only $195k/door and $298/SF. Amazing Current Cap Rate of 6.4% and 11 GRM with an incredible 88% upside to 14% Cap Rate and 5.9 GRM on proforma. Plus, there are Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 162k/unit, 9.4% Cap Rate, and 8 GRM on Current with upside to 17% Cap Rate and 4.9 GRM on Proforma after ADUs. All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. RTI plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

Listed by Armin Soleimani | BRE #01846872 | Global Platinum Properties, Inc.
Co-listed by Julio Ruiz | BRE #01911261 | Global Platinum Properties, Inc.
Last checked: 9 minutes ago | Last updated: May 14th, 2024 | Source CRMLS | DOM: 6
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Home details

Lot Sq. Ft
6,366
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24391617
City
Los Angeles
County
Los Angeles
Time on Site
7 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $808
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $808
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $1,930
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $2,037
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $2,093
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $1,930
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $808
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $633
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $808
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $808
  • Pro Forma/Market Rent: $2,407
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.4%
  • Gross Rent Multiplier: 11.08
  • Gross Scheduled Income: --
  • Net Operating Income: $124,714
  • Gross Operating Income: $170,663
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 150 S Alvarado St

Interior Features
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Size Source: Owner
Property Information
  • Total # of Units: 10
  • Parcel Number: 5154006009
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Between 1st and 2nd Street. The property is accessible from Alvardo or Mountain View Streets.
View more facts & features

Local Los Angeles Agent

Sale History for 150 S Alvarado St

Last sold for $1,330,000 on February 17th, 2022

  • May, 2024

  • May 13, 2024

    Date

    Active

    CRMLS: 24391617

    $1,950,000

    Price

  • May, 2024

  • May 9, 2024

    Date

    Canceled

    CRMLS: 24360841

    $1,950,000

    Price

  • Feb 21, 2024

    Date

    Active

    CRMLS: 24360841

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2024

  • Feb 16, 2024

    Date

    Canceled

    CRMLS: 24346317

    $1,995,000

    Price

  • Jan 10, 2024

    Date

    Active

    CRMLS: 24346317

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 400k Price Reduction! Value-Add 10-unit building with 4 fully renovated units with permits (100% occupied) in the historic Filipino Town priced at only $199k/door and $305/SF. Amazing Current Cap Rate of 6.2% and 11.3 GRM with an incredible 88% upside to 13.6% Cap Rate and 6 GRM on proforma. Plus, there are Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 166k/unit, 9.2% Cap Rate, and 8.2 GRM on Current with upside to 16.7% Cap Rate and 5 GRM on Proforma after ADUs. All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. RTI plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

  • January, 2024

  • Jan 4, 2024

    Date

    Canceled

    CRMLS: 23340055

    $1,995,000

    Price

  • Dec 15, 2023

    Date

    Active

    CRMLS: 23340055

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 400k Price Reduction! Value-Add 10-unit building with 4 fully renovated units with permits (100% occupied) in the historic Filipino Town priced at only $199k/door and $305/SF. Amazing Current Cap Rate of 6.2% and 11.3 GRM with an incredible 88% upside to 13.6% Cap Rate and 6 GRM on proforma. Plus, there are Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 166k/unit, 9.2% Cap Rate, and 8.2 GRM on Current with upside to 16.7% Cap Rate and 5 GRM on Proforma after ADUs. All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. RTI plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

  • December, 2023

  • Dec 11, 2023

    Date

    Canceled

    CRMLS: 23325897

    $1,995,000

    Price

  • Oct 26, 2023

    Date

    Active

    CRMLS: 23325897

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 400k Price Reduction! Value-Add 10-unit building with 4 fully renovated units with permits (100% occupied) in the historic Filipino Town priced at only $199k/door and $305/SF. Amazing Current Cap Rate of 6% and 11.5 GRM with an incredible 69% upside to 11.7% Cap Rate and 6.8 GRM on proforma. All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single CarGarages for additional income and ADU potential. Preliminary plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

  • October, 2023

  • Oct 25, 2023

    Date

    Canceled

    CRMLS: 23311007

    $1,995,000

    Price

  • Sep 13, 2023

    Date

    Active

    CRMLS: 23311007

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 400k Price Reduction! Value-Add 10-unit building with 4 fully renovated units with permits (100% occupied) in the historic Filipino Town priced at only $199k/door and $305/SF. Amazing Current Cap Rate of 6% and 11.5 GRM with an incredible 69% upside to 11.7% Cap Rate and 6.8 GRM on proforma. All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single CarGarages for additional income and ADU potential. Preliminary plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

  • September, 2023

  • Sep 11, 2023

    Date

    Canceled

    CRMLS: 23293101

    $1,995,000

    Price

  • Jul 21, 2023

    Date

    Active

    CRMLS: 23293101

    $2,150,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 400k Price Reduction! Value-Add 10 Unit building with 4 fully renovated units with permits (100% occupied) in the Historic Filipino Town priced at only $199k/door and $305/SF. Amazing Current Cap Rate of 6% and 11.5 GRM with an incredible 69% upside to 11.7% Cap Rate and 6.8 GRM on Proforma. All units are individually metered for Electricity, Gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. Preliminary plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

  • July, 2023

  • Jul 19, 2023

    Date

    Canceled

    CRMLS: 23280023

    $2,150,000

    Price

  • Jun 12, 2023

    Date

    Active

    CRMLS: 23280023

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 250k Price Reduction! Value-Add 10 Unit building with 4 fully renovated units with permits (100% occupied) in the Historic Filipino Town priced at only $215k/door and $329/SF. Amazing Current Cap Rate of 5.5% and 12.4 GRM with an incredible 69% upside to 10.8% Cap Rate and 7.3 GRM on the proforma. All units are individually metered for Electricity, Gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. Preliminary plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

  • June, 2023

  • Jun 7, 2023

    Date

    Canceled

    CRMLS: 23261549

    $2,250,000

    Price

  • Apr 18, 2023

    Date

    Active

    CRMLS: 23261549

    $2,395,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 150k Price Reduction! Value-Add 10 Unit building with 4 fully renovated units (3 vacant) in the Historic Filipino Town priced at only 225k/door. Amazing Current Cap Rate of 5.4% and 12.7 GRM with an incredible 65% upside to 10.3% Cap Rate and 7.7 GRM on the proforma. All units are individually metered for Electricity, Gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. Preliminary plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

  • February, 2022

  • Feb 17, 2022

    Date

    Sold

    CRMLS: WS21225916

    $1,330,000

    Price

  • Oct 11, 2021

    Date

    Active

    CRMLS: WS21225916

    $1,680,000

    Price

  • Listing provided courtesy of CRMLS

    This two-story apartment has 10 units, each with 1 bedroom and 1 bath. Building Size totals 6,536 sqft; Built in 1954; Lot Size totals 6,388 sqft; Zoning is LAC2. Access either from Alvarado St or Mountain View Ave. Each unit is separately metered for gas and electricity. Conveniently located in City of Los Angeles, close to Fwy 101, Fwy 110 and Fwy 10. 100% occupied, This Apartment is 100% occupied, mostly long time tenants, Rents are significantly below market. This is a value-added property with upside potential. Drive by only. Please do not disturb tenants. Offer Subject to Inspection.

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: WS20102358

    $1,280,000

    Price

  • Jun 17, 2020

    Date

    Withdrawn

    CRMLS: WS20102358

    $1,280,000

    Price

  • Jun 17, 2020

    Date

    Active

    CRMLS: WS20102358

    $1,280,000

    Price

  • Jun 4, 2020

    Date

    Hold

    CRMLS: WS20102358

    $1,280,000

    Price

  • May 29, 2020

    Date

    Active

    CRMLS: WS20102358

    $1,280,000

    Price

  • Listing provided courtesy of CRMLS

    First time on the market since 1980. This two-story apartment has 10 units, each with 1 bedroom and 1 bath. Building Size totals 6,536 sqft; Built in 1954; Lot Size totals 6,388 sqft; Zoning is LAC2. Access either from Alvarado St or Mountain View Ave. Each unit is separately metered for gas and electricity. Conveniently located in City of Los Angeles, close to Fwy 101, Fwy 110 and Fwy 10. 100% occupied, This Apartment is 100% occupied, mostly long time tenants, Rents are significantly below market. This is a value-added property with upside potential. Drive by only. Please do not disturb tenants. Offer Subject to Inspection. Deadline of offers: 5:00PM, Tuesday, 6/2/2020.

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Tax History for 150 S Alvarado St

Assessed Value (2020): $558,568
Year Land Value Improved Value Assessed Value
2020 $189,103 $369,465 $558,568

Home Value Compared to the Market

This property vs the competition

150 S Alvarado St is listed 56% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $298.35 per/sqft which puts the price per square foot 61.6% lower than the median price per square foot for the city of Los Angeles.

About 150 S Alvarado St

Detailed summary of property

150 S Alvarado St is a multi family located in Los Angeles, CA 90057 and is currently for sale. This multi family property offers 10 bedrooms, 10 bathrooms, roughly 6,536 living square feet, and sits on an approximately 6,366 square foot lot. 150 S Alvarado St was first listed on ArdentRealEstateGroup.com on May 14, 2024. The homeowner is currently asking $1,950,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 56% higher than the median priced home. Local competing homes currently for sale include 1917 Clinton St, 1917 Clinton St and 744 S Carondelet St. While the average home in Los Angeles, CA is selling in 92 days, 150 S Alvarado St has a days on market of 6 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 150 S Alvarado St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 150 S Alvarado St

Public county record property details
Beds
10
Baths
10
Year built
--
Sq. Ft.
6,536
Lot Size
6,388
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5154-006-009

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$538
Median Sold Price
$365,000
Median Sold Price/Sq.Ft.
$773
Total Inventory
12
Median Sale to List Price %
104.58%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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