519 N Alexandria, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath
519 N Alexandria
Los Angeles, California 90004
Property Price
SUMMARY
Analysis of 519 N Alexandria, Los Angeles, California 90004 is currently available with a list price of $1,150,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1922, this property is explicitly marketed as a 'value-add' opportunity requiring significant renovation. The images and description indicate aging infrastructure, weathered exteriors, and outdated interiors that need substantial rehabilitation to meet modern standards, with the listing highlighting its potential for redevelopment or major ADU conversion.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property offers significant upside through ADU conversion of the three-car garage or a potential 9-unit residential redevelopment project under city incentive programs.
- Strategic Central Location
Situated near DTLA, Silver Lake, and Koreatown, the property is in a high-demand rental market with excellent access to major transportation and employment hubs.
- Immediate Value-Add Opportunity
All three existing units are delivered vacant, allowing an investor to immediately begin renovations and achieve market-rate rents without tenant displacement issues.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-12-11. The sold price is $1,100,000.00.
- Significant Renovation Required
The existing structures are noted as needing work, implying a substantial upfront capital expenditure is required to bring the units to modern standards.
- Aging Infrastructure
Built in 1922, the property likely features vintage systems and structural elements that may present unforeseen challenges during the renovation or redevelopment process.
About 519 N Alexandria
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1922
- Lot Size
- 7,607 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,464 | 3,423 | 50% |
| Lot Size | 7,607 | 7,556 | 50% |
| Price | $1.15M | $1.12M | 50% |
| Price per sq ft | $332 | $325 | 50% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 122 | 50% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,150,000
$1,250,000
-8% Price Drop
Initial Listing
Price Change
Feb 1, 2026
$1,250,000
Initial Listing
Sold
Dec 11, 2025
$1,100,000
Public Record
Sold
Jan 22, 1997
$160,000
Public Record