519 N Alexandria Avenue, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath
ACTIVE$1,200,000
519 N Alexandria Avenue, Los Angeles, California 90004
0Bed
0Bath
3,464Sqft
7,605Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Vacant Delivery: The property will be delivered fully vacant, offering immediate flexibility for renovation, re-tenanting at market rates, or development without tenant relocation complexities.
Top Cons:
Age of Property & Renovation Needs: Built in 1922 and 1946, the property likely requires substantial capital investment for modernization, deferred maintenance, and updates to systems (plumbing, electrical, HVAC) to meet current standards and tenant expectations.
Compared to the nearby listings
Price:$1.20M vs avg $1.20M (+$0)50%
Size:3,464 sqft vs avg 3,464 sqft50%
Price/sqft:$346 vs avg $34650%
More Insights
Built in 1922 (103 years old).
Condition: The property, built in 1922 and 1946, is explicitly marketed as a 'value-add and development investment opportunity' requiring 'substantial capital investment for modernization, deferred maintenance, and updates to systems (plumbing, electrical, HVAC).' The exterior images show an aged building with visible wear and tear, consistent with its age and lack of recent renovation. Without interior photos, it's safe to assume kitchens and bathrooms are severely outdated and in poor condition, necessitating major rehabilitation. The property is not move-in ready and requires significant repairs and updates to major components.
Year Built
1922
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
SR25004798
Home ConditionPoor
Features
View-
About this home
We are pleased to present 519 Alexandria Avenue, a prime 3-unit value-add and development investment opportunity in the vibrant neighborhood of East Hollywood, CA. This triplex features a front duplex and a separate rear unit. The duplex, built in 1922, includes two spacious 2-bedroom/1-bath units, each measuring approximately 1,500 sq. ft. The rear unit, built in 1946, is a 1-bedroom/1-bath unit of approximately 464 sq. ft. Additionally, the property includes two single-car garages located at the rear. PROPERTY WILL BE DELIVERED FULLY VACANT! Located in the heart of East Hollywood, this property offers convenient access to major freeways, a variety of dining options, and premier shopping destinations. Whether you’re looking to renovate and lease or take advantage of its development potential, 519 Alexandria Avenue presents a rare and versatile investment opportunity in one of Los Angeles’ most sought-after areas. Don’t miss out!
Price History
Date
Event
Price
01/22/97
Sold
$160,000
Condition Rating
Poor
The property, built in 1922 and 1946, is explicitly marketed as a 'value-add and development investment opportunity' requiring 'substantial capital investment for modernization, deferred maintenance, and updates to systems (plumbing, electrical, HVAC).' The exterior images show an aged building with visible wear and tear, consistent with its age and lack of recent renovation. Without interior photos, it's safe to assume kitchens and bathrooms are severely outdated and in poor condition, necessitating major rehabilitation. The property is not move-in ready and requires significant repairs and updates to major components.
Pros & Cons
Pros
Vacant Delivery: The property will be delivered fully vacant, offering immediate flexibility for renovation, re-tenanting at market rates, or development without tenant relocation complexities.
Value-Add & Development Potential: Explicitly marketed as a 'value-add and development investment opportunity,' indicating significant upside for investors through renovation, expansion, or potential new construction on the 7,605 sq. ft. lot.
Prime East Hollywood Location: Situated in the vibrant and sought-after East Hollywood neighborhood, offering convenient access to major freeways, diverse dining options, and premier shopping destinations, enhancing rental demand and property appreciation.
Income-Generating Triplex: As a triplex, the property provides multiple income streams, diversifying investment risk and offering higher potential rental income compared to single-unit properties.
Spacious Main Units: The front duplex features two spacious 2-bedroom/1-bath units, each approximately 1,500 sq. ft., which are attractive sizes for tenants and can command competitive rental rates.
Cons
Age of Property & Renovation Needs: Built in 1922 and 1946, the property likely requires substantial capital investment for modernization, deferred maintenance, and updates to systems (plumbing, electrical, HVAC) to meet current standards and tenant expectations.
Small Rear Unit: The rear 1-bedroom/1-bath unit is approximately 464 sq. ft., which is relatively small and may limit its rental appeal or command lower rental income compared to larger units in the area.
Limited Parking: With only two single-car garages for three units, parking could be a challenge for tenants, especially in a dense urban area like Los Angeles, potentially impacting tenant satisfaction or marketability.