639 N Alexandria Ave, Los Angeles, CA 90004
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639 N Alexandria Ave Los Angeles, CA 90004

$4,190,000
  • 19 Beds
  • 18 Baths
  • 8,468 Sq.Ft.
For Sale
$4,190,000 Get Pre-Qualified

Map preview of 639 N Alexandria Ave, Los Angeles, CA 90004

Property Overview: 639 N Alexandria Ave Los Angeles, CA has 19 bedrooms, 18 bathrooms, 8,468 living square feet and 7,603 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: THIS APARTMENT IS SITUATED ON A CUL-DE-SEC NEAR THE INTERSECTION OF MELREOSE AVE AND NORMANDIE AVE.THIS BUILDING IS NESTLED BETWEEN THE THRIVING SUBMARKETS OF SILVER LAKE, KOREA TOWN, HOLLYWOOD AND DOWNTOWN LOS ANGELES. CONSTRUCTED 1991, THIS BUILDING FEATURES AN EXCELLENT UNIT MIX, CONTAINING EXCLUSIVELY TWO AND THREE BEDROOM APARTMENT. THIS APARTMENT HAS BEEN THOROUGHLY RENOVATED IN THE PAST 6 YEARS,WITH UPGRADES NEW CUSTOM KITCHEN CABINET AND COUNTER TOPS AND NEW HARDWOOD AND TILE FLOORING, INCLUDE UPGRADED BATHROOM. IN ADDITION TO PROVIDING STRONG CASH FLOW. THE GATED PARKING GARAGE CONTAINS SPACE FOR 18 CARS,PROVIDING TENANTS A RATIO OF TWO PARKING SPACE PER UNIT.

Listed by Jae Sung Choi | BRE #01273921 | Ivy Realty Co.
Last checked: 2 minutes ago | Last updated: March 8th, 2023 | Source CRMLS | DOM: 29
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Home details

Lot Sq. Ft
7,603
HOA Dues
$0/mo
Year built
1991
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23245783
City
Los Angeles
County
Los Angeles
Time on Site
29 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,755
  • Total Rent: $4,755
  • Pro Forma/Market Rent: $5,600
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,695
  • Total Rent: $4,695
  • Pro Forma/Market Rent: $5,600
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,600
  • Total Rent: $4,600
  • Pro Forma/Market Rent: $5,600
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,700
  • Total Rent: $4,700
  • Pro Forma/Market Rent: $5,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 16.13
  • Gross Scheduled Income: --
  • Net Operating Income: $180,800
  • Gross Operating Income: $259,800
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 639 N Alexandria Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood
Interior Features
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 18
  • Has Parking
  • Parking Features: Community Structure
Property Information
  • Total # of Units: 9
  • Parcel Number: 5520004047
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: South of Melrose Ave and West of Vermont
View more facts & features

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Sale History for 639 N Alexandria Ave

Last leased for $2,100 on April 27th, 2021
  • March, 2023

  • Mar 1, 2023

    Date

    Expired

    CRMLS: 22132139

    $4,190,000

    Price

  • Mar 1, 2022

    Date

    Active

    CRMLS: 22132139

    $4,190,000

    Price

  • Listing provided courtesy of CRMLS

    THIS APARTMENT IS SITUATED ON A CUL-DE-SEC NEAR THE INTERSECTION OF MELREOSE AVE AND NORMANDIE AVE.THIS BUILDING IS NESTLED BETWEEN THE THRIVING SUBMARKETS OF SILVER LAKE, KOREA TOWN, HOLLYWOOD AND DOWNTOWN LOS ANGELES. CONSTRUCTED 1991, THIS BUILDING FEATURES AN EXCELLENT UNIT MIX, CONTAINING EXCLUSIVELY TWO AND THREE BEDROOM APARTMENT. THIS APARTMENT HAS BEEN THOROUGHLY RENOVATED IN THE PAST 4 YEARS,WITH UPGRADES NEW CUSTOM KITCHEN CABINET AND COUNTER TOPS AND NEW HARDWOOD AND TILE FLOORING, INCLUDE UPGRADED BATHROOM. IN ADDITION TO PROVIDING STRONG CASH FLOW. THE GATED PARKING GARAGE CONTAINS SPACE FOR 18 CARS,PROVIDING TENANTS A RATIO OF TWO PARKING SPACE PER UNIT.Agent Remarks : Do not disturbed Tenants. Subject to interial inspection upon the acceptance offer

  • February, 2023

  • Feb 28, 2023

    Date

    Active

    CRMLS: 23245783

    $4,190,000

    Price

  • June, 2021

  • Jun 1, 2021

    Date

    Expired

    CRMLS: 20584216

    $4,090,000

    Price

  • May 28, 2021

    Date

    Withdrawn

    CRMLS: 20584216

    $4,090,000

    Price

  • May 5, 2021

    Date

    Price Change

    CRMLS: 20584216

    $4,090,000

    Price

  • May 29, 2020

    Date

    Active

    CRMLS: 20584216

    $4,190,000

    Price

  • Listing provided courtesy of CRMLS

    THIS APARTMENT IS SITUATED ON A CUL-DE-SEC NEAR THE INTERSECTION OF MELREOSE AVE AND NORMANDIE AVE.THIS BUILDING IS NESTLED BETWEEN THE THRIVING SUBMARKETS OF SILVER LAKE, KOREA TOWN, HOLLYWOOD AND DOWNTOWN LOS ANGELES. CONSTRUCTED 1991, THIS BUILDING FEATURES AN EXCELLENT UNIT MIX, CONTAINING EXCLUSIVELY TWO AND THREE BEDROOM APARTMENT. THIS APARTMENT HAS BEEN THOROUGHLY RENOVATED IN THE PAST 2 YEARS,WITH UPGRADES NEW CUSTOM KITCHEN CABINET AND COUNTER TOPS AND NEW HARDWOOD AND TILE FLOORING, INCLUDE UPGRADED BATHROOM. IN ADDITION TO PROVIDING STRONG CASH FLOW. THE GATED PARKING GARAGE CONTAINS SPACE FOR 18 CARS,PROVIDING TENANTS A RATIO OF TWO PARKING SPACE PER UNIT.

  • May, 2021

  • May 28, 2021

    Date

    Active

    CRMLS: 21738886

    $4,199,000

    Price

  • Listing provided courtesy of CRMLS

    THIS APARTMENT IS SITUATED ON A CUL-DE-SEC NEAR THE INTERSECTION OF MELREOSE AVE AND NORMANDIE AVE.THIS BUILDING IS NESTLED BETWEEN THE THRIVING SUBMARKETS OF SILVER LAKE, KOREA TOWN, HOLLYWOOD AND DOWNTOWN LOS ANGELES. CONSTRUCTED 1991, THIS BUILDING FEATURES AN EXCELLENT UNIT MIX, CONTAINING EXCLUSIVELY TWO AND THREE BEDROOM APARTMENT. THIS APARTMENT HAS BEEN THOROUGHLY RENOVATED IN THE PAST 4 YEARS,WITH UPGRADES NEW CUSTOM KITCHEN CABINET AND COUNTER TOPS AND NEW HARDWOOD AND TILE FLOORING, INCLUDE UPGRADED BATHROOM. IN ADDITION TO PROVIDING STRONG CASH FLOW. THE GATED PARKING GARAGE CONTAINS SPACE FOR 18 CARS,PROVIDING TENANTS A RATIO OF TWO PARKING SPACE PER UNIT.

  • May, 2021

  • May 16, 2021

    Date

    Leased

    CRMLS: 20642540

    $2,100

    Price

  • Mar 26, 2021

    Date

    Price Change

    CRMLS: 20642540

    $2,100

    Price

  • Jan 5, 2021

    Date

    Price Change

    CRMLS: 20642540

    $2,200

    Price

  • Nov 11, 2020

    Date

    Price Change

    CRMLS: 20642540

    $2,300

    Price

  • Oct 12, 2020

    Date

    Price Change

    CRMLS: 20642540

    $2,900

    Price

  • Oct 6, 2020

    Date

    Active

    CRMLS: 20642540

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    *2Bed, 2Bath, 2 Parking = $2,100* Fully remodeled unit with laminate flooring, refrigerator, and gas stove top/range. 2 parking space, and common laundry room. AC wall through type. Owner pays for trash, sewer, & water. Tenant pays for gas & electric. Available for showing from 8 am to 5 pm.

  • June, 2019

  • Jun 25, 2019

    Date

    Sold

    CRMLS: 19439772

    $3,460,000

    Price

  • Mar 2, 2019

    Date

    Active

    CRMLS: 19439772

    $3,567,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to announce the sale of 639 N Alexandria Avenue, a 9-unit non-rent controlled multifamily property located on a cul-de-sac in East Hollywood. Constructed in 1991, the property features an excellent unit mix, containing exclusively two- and three-bedroom apartments. The building has been thoroughly renovated in the past 12 months, with upgrades spanning from new exterior paint to new custom kitchen cabinetry and countertops. In addition to providing strong initial cash flow, the building provides a new investor with an effective hedge against the potential repeal of the Costa-Hawkins Act, as the current owner has completed the effort to ensure that all in-place rents are at or near market levels.Nearly 90% of the units feature quartz countertops, new custom cabinetry, new wood and tile floorings, modern paint, and upgraded bathrooms. The on-grade parking garage contains space for 18 vehicles, providing tenants a ratio of two parking spaces per unit.

  • June, 2019

  • Jun 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,460,000

    Price

  • May, 2019

  • May 16, 2019

    Date

    Expired

    CRMLS: 18408388

    $3,590,000

    Price

  • Dec 26, 2018

    Date

    Withdrawn

    CRMLS: 18408388

    $3,590,000

    Price

  • Dec 24, 2018

    Date

    Active

    CRMLS: 18408388

    $3,590,000

    Price

  • Dec 15, 2018

    Date

    Hold

    CRMLS: 18408388

    $3,590,000

    Price

  • Nov 16, 2018

    Date

    Active

    CRMLS: 18408388

    $3,590,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to announce the sale of 639 N Alexandria Avenue, a 9-unit non-rent controlled multifamily property located on a cul-de-sac in East Hollywood. Constructed in 1991, the property features an excellent unit mix, containing exclusively two- and three-bedroom apartments. The building has been thoroughly renovated in the past 12 months, with upgrades spanning from new exterior paint to new custom kitchen cabinetry and countertops. In addition to providing strong initial cash flow, the building provides a new investor with an effective hedge against the potential repeal of the Costa-Hawkins Act, as the current owner has completed the effort to ensure that all in-place rents are at or near market levels.Nearly 90% of the units feature quartz countertops, new custom cabinetry, new wood and tile floorings, modern paint, and upgraded bathrooms. The on-grade parking garage contains space for 18 vehicles, providing tenants a ratio of two parking spaces per unit.

  • March, 2019

  • Mar 27, 2019

    Date

    Leased

    CRMLS: 19440774

    $2,295

    Price

  • Mar 5, 2019

    Date

    Price Change

    CRMLS: 19440774

    $2,295

    Price

  • Mar 5, 2019

    Date

    Active

    CRMLS: 19440774

    $2,300

    Price

  • Listing provided courtesy of CRMLS

  • February, 2019

  • Feb 20, 2019

    Date

    Expired

    CRMLS: 18394854

    $3,590,000

    Price

  • Oct 23, 2018

    Date

    Withdrawn

    CRMLS: 18394854

    $3,590,000

    Price

  • Oct 9, 2018

    Date

    Active

    CRMLS: 18394854

    $3,590,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to announce the sale of 639 N Alexandria Avenue, a 9-unit non-rent controlled multifamily property located on a cul-de-sac in East Hollywood. Constructed in 1991, the property features an excellent unit mix, containing exclusively two- and three-bedroom apartments. The building has been thoroughly renovated in the past 12 months, with upgrades spanning from new exterior paint to new custom kitchen cabinetry and countertops. In addition to providing strong initial cash flow, the building provides a new investor with an effective hedge against the potential repeal of the Costa-Hawkins Act, as the current owner has completed the effort to ensure that all in-place rents are at or near market levels.Nearly 90% of the units feature quartz countertops, new custom cabinetry, new wood and tile floorings, modern paint, and upgraded bathrooms. The on-grade parking garage contains space for 18 vehicles, providing tenants a ratio of two parking spaces per unit.

  • February, 2019

  • Feb 6, 2019

    Date

    Expired

    CRMLS: 18382932

    $3,590,000

    Price

  • Oct 9, 2018

    Date

    Withdrawn

    CRMLS: 18382932

    $3,590,000

    Price

  • Sep 6, 2018

    Date

    Active

    CRMLS: 18382932

    $3,590,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to announce the sale of 639 N Alexandria Avenue, a 9-unit non-rent controlled multifamily property located on a cul-de-sac in East Hollywood. Constructed in 1991, the property features an excellent unit mix, containing exclusively two- and three-bedroom apartments. The building has been thoroughly renovated in the past 12 months, with upgrades spanning from new exterior paint to new custom kitchen cabinetry and countertops. In addition to providing strong initial cash flow, the building provides a new investor with an effective hedge against the potential repeal of the Costa-Hawkins Act, as the current owner has completed the effort to ensure that all in-place rents are at or near market levels.Nearly 90% of the units feature quartz countertops, new custom cabinetry, new wood and tile floorings, modern paint, and upgraded bathrooms. The on-grade parking garage contains space for 18 vehicles, providing tenants a ratio of two parking spaces per unit.

  • September, 2017

  • Sep 8, 2017

    Date

    Sold (Public Records)

    Public Records

    $2,605,000

    Price

Show More

Tax History for 639 N Alexandria Ave

Assessed Value (2020): $3,529,200
Year Land Value Improved Value Assessed Value
2020 $2,754,000 $775,200 $3,529,200

Home Value Compared to the Market

This property vs the competition

639 N Alexandria Ave is listed 264.35% higher than the median list price for the city of Los Angeles which has a median list price of $1,150,000. The median price per/sqft for Los Angeles is $754 and this home is listed at $494.8 per/sqft which puts the price per square foot 34.38% lower than the median price per square foot for the city of Los Angeles.

About 639 N Alexandria Ave

Detailed summary of property

639 N Alexandria Ave is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 19 bedrooms, 18 bathrooms, roughly 8,468 living square feet, and sits on an approximately 7,603 square foot lot. 639 N Alexandria Ave was first listed on ArdentRealEstateGroup.com on March 2, 2023. The homeowner is currently asking $4,190,000. The median priced home in Los Angeles is $1,150,000 with a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 264.35% higher than the median priced home. Local competing homes currently for sale include 741 S Hobart Blvd, 1239 Gordon St and 2910 Leeward Ave. While the average home in Los Angeles, CA is selling in 93 days, 639 N Alexandria Ave has a days on market of 29 days. There are currently 2842 homes for sale in the Los Angeles real estate market and 1976 of them are single family homes while 796 of them are condos and 63 are townhomes. For more information on this home for sale at 639 N Alexandria Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 639 N Alexandria Ave

Public county record property details
Beds
18
Baths
18
Year built
1991
Sq. Ft.
8,468
Lot Size
7,602
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
207
APN
5520-004-047

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,985,000
Median List Price/Sq.Ft.
$897
Median Sold Price
$1,100,000
Median Sold Price/Sq.Ft.
$724
Total Inventory
45
Median Sale to List Price %
95.65%
Avg Days on Market
56
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (20%), Other (20%)

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Related Resources to 639 N Alexandria Ave

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.