Overview
- Mixed Use
- 1923
Description
Alvarado Apartments – a 35-unit mixed-use value-add in the heart of Westlake / MacArthur Park, comprising 24 residential units (23 studios + 1 one-bedroom) and 11 ground-floor commercial spaces including two restaurants and retail. Fully repiped and rewired in 2018 with fire sprinklers throughout. Offered at $3,950,000, an 8.92% in-place cap rate on the buyer’s reassessed tax basis. Designated Residential Hotel on C2-2 zoning with a Transit Oriented Communities and State Density Bonus path to substantial added density. On-site parking, ground-floor retail income, and steps to the Metro B/D lines. Meaningful upside through studio mark-to-market, parking lease-up and Section 8 / HACLA-supported income. Buyer to verify all figures, unit legality, square footage and development potential.
Address
Open on Google Maps- Address Alvarado
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90057
Details
Updated on September 21, 2026 at 9:16 am- Property ID: HZSR26162857
- Price: $3,950,000
- Year Built: 1923
- Property Type: Mixed Use
- Property Status: Commercial Sale
- Listed by: Logan Altman
- DRE #: 01965826
- Contact Phone: 310-903-0222
- Contact Mail: logan@altmanapartments.com
- Brokered by: Altman Apartments LLC
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