$4,250,000
About this home
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 a 6.63% in-place cap rate rising to a 7.65% pro forma. 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.
Facts & features
- Laundry
- Common Area
- Lot size
- 0.27 acres (11,738 sq ft)
- Year built
- 1923
- Area
- C 42 - Downtown L.A.
- County
- Los Angeles
- Status
- Active
- Property type
- Mixed Use
- Days on market
- 0
- Listed
- 2026-07-26
- Terms
- Cash, Conventional
- Parcel #
- 5141018017
- MLS #
- SR26162857
