519 N Alexandria, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90004
This Value-Add Residential Income Triplex is listed at $1,150,000, positioned near its $1,068,260 Fair Market Value as a strategic development play. With a Condition Rating of 5, the property requires substantial rehabilitation but offers immense upside through ADU Conversion of the three-car garage or a potential 9-unit residential project. Located in a high-demand rental corridor near DTLA and Silver Lake, the asset provides a rare opportunity to maximize ROI via immediate renovation of three vacant units. This is a premier acquisition for Developers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 519 N Alexandria Subject | $1,150,000* List Price | 0 | 0 | 3,464 | $308 | - |
A 606 N Normandie Avenue Sold | $1,000,000 | 4 | 3 | 3,382 | $296 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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 The images and description indicate aging infrastructure, weathered exteriors, and outdated interiors that need substantial rehabilitation to meet modern standards, with the listing highlighting its potential for redevelopment or major ADU conversion.
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.
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.
All three existing units are delivered vacant, allowing an investor to immediately begin renovations and achieve market-rate rents without tenant displacement issues.
The property was recently sold within the past year on 2025-12-11. The sold price is $1,100,000.00.
The existing structures are noted as needing work, implying a substantial upfront capital expenditure is required to bring the units to modern standards.
Built in 1922, the property likely features vintage systems and structural elements that may present unforeseen challenges during the renovation or redevelopment process.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,464 | 3,464 | 50% |
| Lot Size | 7,607 | 7,607 | 50% |
| Price | $1.15M | $1.10M | 67% |
| Price per sq ft | $332 | $318 | 67% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 80 | 67% |
Feb 26, 2026
$1,150,000
$1,250,000
-8% Price Drop
Initial Listing
Feb 1, 2026
$1,250,000
Initial Listing
Dec 11, 2025
$1,100,000
Public Record
Jan 22, 1997
$160,000
Public Record