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519 N Alexandria, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath

519 N Alexandria, Los Angeles, California 90004 home-pic-0
ACTIVE$1,349,000$3,464/sqft
519 N Alexandria, Los Angeles, California 90004
0Bed
0Bath
3,464Sqft
7,607Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Development Potential: Offers significant upside with opportunities for ADU additions and potential for a 9-unit residential project, supported by city housing and density incentive programs.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-12-11. The sold price is $1,100,000.00.

Compared to the nearby listings

Price:$1.35M vs avg $1.35M (+$0)50%
Size:3,464 sqft vs avg 3,464 sqft50%
Price/sqft:$389 vs avg $38950%

More Insights

Built in 1922 (104 years old).
Condition: Built in 1922, this property is over 100 years old. The listing explicitly states it's a 'value add opportunity' and that one unit is 'needing some work,' with the property analysis highlighting 'Condition Requires Renovation' and the 'Age of Property' implying older infrastructure. Exterior images show significant wear, including cracked concrete and worn stucco. Without interior photos, it's highly probable that kitchens, bathrooms, and major systems are severely outdated and require substantial repairs and rehabilitation, consistent with a 'poor' condition rating.
Year Built
1922
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
GD26011774
Home ConditionPoor
Features
Patio
View-

About this home

Ideal value add opportunity. Existing three vacant units consisting of two large 2 bedrooms, one bath units and a detached one 1 bedroom, one bath house needing some work. The three car garage offers the opportunity for addition of ADUs. Property is located in close proximity to Downtown Los Angeles, Hancock Park, Silver Lake, Koreatown, and East Hollywood and also offers potential for a 9-unit residential project, subject to buyer verification and city approvals. The City of Los Angeles provides numerous housing and density incentive programs that may allow optimization of unit count and overall project feasibility. Centrally located near major transportation routes, employment centers, shopping, dining, and public amenities. An excellent opportunity for developers or investors seeking a well-located property in a high-demand rental market. Buyer to verify zoning, incentives and development feasibility for ADU's and multi units.

N
Nick & Mike Nick & Mike
Listing Agent

Price History

Date
Event
Price
01/22/97
Sold
$160,000
12/11/25
Sold
$1,100,000
Condition Rating
Poor
Built in 1922, this property is over 100 years old. The listing explicitly states it's a 'value add opportunity' and that one unit is 'needing some work,' with the property analysis highlighting 'Condition Requires Renovation' and the 'Age of Property' implying older infrastructure. Exterior images show significant wear, including cracked concrete and worn stucco. Without interior photos, it's highly probable that kitchens, bathrooms, and major systems are severely outdated and require substantial repairs and rehabilitation, consistent with a 'poor' condition rating.
Pros & Cons

Pros

Exceptional Development Potential: Offers significant upside with opportunities for ADU additions and potential for a 9-unit residential project, supported by city housing and density incentive programs.
Prime Central Location: Strategically located in close proximity to Downtown Los Angeles, Hancock Park, Silver Lake, and Koreatown, with easy access to major transportation, employment centers, and amenities.
Significant Value-Add Opportunity: Explicitly identified as an 'ideal value add opportunity' for developers and investors seeking to maximize returns through renovation and expansion.
Vacant Units for Immediate Repositioning: All three existing units are vacant, allowing for immediate renovation, re-tenanting at market rates, or owner-occupancy without tenant relocation challenges.
High-Demand Rental Market: Positioned in a well-located area within a high-demand rental market, ensuring strong tenant interest and potential for robust rental income.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-12-11. The sold price is $1,100,000.00.
Condition Requires Renovation: One of the units is noted as 'needing some work,' indicating necessary capital expenditure for repairs and upgrades to maximize its value.
Development Feasibility Due Diligence: The buyer is responsible for verifying zoning, incentives, and development feasibility for ADUs and multi-units, introducing an element of risk and required effort.
Age of Property: Built in 1922, the property's age may imply older infrastructure and systems that could require significant updates or repairs, contributing to renovation costs.
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