320 S Alvarado St Los Angeles, CA 90057
35-unit multifamily property in Westlake, Los Angeles, near MacArthur Park.
Type:Multifamily
- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 5:41 am
Property Features for 320 S Alvarado St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Neema Ahadian License #CA: 01346750 (310) 909-5444
Listing office Los Angeles Office (310) 909-5444
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
Multifamily Investment Opportunity Near MacArthur Park
This 35-unit multifamily property is located in the Westlake submarket of Los Angeles, south of 3rd Street and two blocks from MacArthur Park. The unit mix includes three bachelor units, 29 singles, and three one-bedroom units. A value-add opportunity exists, as the majority of units are rented below market, with an estimated 31% rental upside as units turn. The property is offered at $98,571 per unit and $190 per square foot. The location has a Walk Score of 95, and is within one mile of the Metro A–E Rail Lines and steps from multiple Metro Local bus lines along S Alvarado Street. It is within walking distance to retailers and amenities, including The Home Depot, Superior Grocers, and Starbucks, along with dining and service options along 6th Street and 3rd Street. The property provides access to Downtown Los Angeles, Koreatown, and Hollywood, and is near MacArthur Park, Echo Park, LA Live, and Dodger Stadium.
Location Intelligence
Current Use by Public Records
Flo Charging Station
Electric Vehicle Charging Station
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.26812
- Latitude
- 34.0698
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 35-unit multifamily property in Westlake, Los Angeles, near MacArthur Park.
Where is this apartment building located?
The property is located at 320 S Alvarado St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Significant value‑add opportunity with approximately 31% rental upside.; Attractive basis at $98,571 per unit and $190 per square foot.; Highly walkable location with a Walk Score of 95, close to Metro A–E Rail Lines and bus lines.
