Property Details.

Price $2,350,000

Year Built 1930

# of Units 6

Price P/ Unit $391,667

Sq. ft. 4,869 SF

Price p/ Sq. ft. $483

Current Cap Rate 3.00%

Proforma Cap Rate 5.13%

Lot Size 6,344 SF

Zoning LARD1.5

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1201 S. Alfred Street
Los Angeles, CA 90035

About the Property

The 4,869 SF two-story building sits on a 6,344 SF corner lot, and is comprised of (5) one-bedroom and one bath units and (1) studio unit.These bright and spacious units average over 800 SF, and two units have been remodeled “to the studs”. Additionally, the well-maintained property features an upgraded electrical system, mostly copper plumbing, on-site laundry facility and garage parking for 4 cars with open tandem parking for two cars. 1201 S. Alfred presents a significant value-add opportunity to investors, as current rents are approx. 38%below market value for nicely remodeled units in the area.

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