244 S Alexandria Ave, Los Angeles, CA 90004
244 S Alexandria Ave, Los Angeles, CA 90004
244 S Alexandria Ave, Los Angeles, CA 90004
244 S Alexandria Ave, Los Angeles, CA 90004
244 S Alexandria Ave, Los Angeles, CA 90004
244 S Alexandria Ave, Los Angeles, CA 90004
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$ 1,900,000
Est. payment | /mo

8 Beds

8 Baths

4,228 SqFt


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$ 1,900,000
Est. payment | /mo
Save

8 Beds

8 Baths

4,228 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,228 sqft

Price per Sqft $449

MLS Listing ID 26853139

Bedrooms 8

Year Built 1923

Lot Size 8,701 Sqft

Acres 0.1997

Property Sub-Type Multi-Family

Property Description

Exceptional Koreatown fourplex offering large unit layouts, strong long-term investment potential, and approximately $150,000 in recent capital improvements. Built in 1923, the property features 4,228 SF of living space on an approximately 8,500 SF lot, comprised of four spacious 2-bedroom, 2-bathroom units averaging approximately 1,057 SF each. One unit will be delivered vacant, presenting an excellent opportunity for an owner-user or immediate rental upside.The oversized lot offers potential for future ADU or redevelopment opportunities (Buyer to verify). Parking includes two detached two-car garages, covered parking, and additional storage units, with recent improvements to the garage doors and lighting.Approximately $150,000 has been invested over the past four years, including new electrical systems in all four units, a new roof on both the main building and garage, full copper repipe from the meter to the units, new ABS plumbing beneath the building, foundation repairs, completed termite work, and new dishwashers and in-unit washer/dryers. These significant capital improvements help minimize future maintenance costs while providing added value and peace of mind for the next owner. A rare opportunity to acquire a well-maintained, character-rich multifamily asset with substantial recent upgrades, attractive unit sizes, parking, and long-term value-add potential in one of Los Angeles' most sought-after rental markets.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Forced Air

Cooling Air Conditioning

Equipment Microwave, Freezer, Dishwasher, Dryer, Refrigerator, Range/Oven

Exterior

Parking Features Garage - 4+ Car

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Exp Commercial of California, Inc.

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida, 32202, United States

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244 S Alexandria Ave