Renovated 72-Unit Art Deco
For Sale
Contact for pricing
Pending
1641 N Alexandria Ave, Los Angeles, CA 90027
Historic Los Angeles apartment community with upgraded residences, courtyard amenities, controlled access, and a varied unit mix.
Property SizeContact for details
Days on Market142
Property Features for 1641 N Alexandria Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
14 x Bachelor, 46 x Studio, 9 x One Bedroom, 3 x Penthouse
Multifamily Units
72
Additional Details
Cap Rate
4.4%
Amenities
secured entry
video surveillance system
on-site laundry
storage lockers
bike storage room
courtyard with covered lounge
Building Details
Year Built
1930
Construction
Art Deco
Listing Agency:
Kidder Mathews Los Angeles West
Listed By:
Darin Beebower · License #CA 01121421
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Los Angeles West
Investment Insights
Based on property information with market context.
The Alex is a 72-unit apartment property at 1641 N Alexandria Ave in Los Angeles, originally constructed in 1930 with Art Deco architectural detailing. The unit mix includes 14 bachelor units, 46 studios, 9 one-bedroom units, and 3 penthouses with private entrances and multiple balconies. Extensive renovations have been completed in 65 units, including updated kitchens, bathrooms, flooring, fixtures, and appliances. Property improvements also include electrical upgrades, copper plumbing in many units, new water heaters, an updated roof, refreshed common areas, and a covered courtyard lounge.
Resident amenities include secured entry, video surveillance, on-site laundry, storage lockers, and bicycle storage. The property is master metered for gas and separately metered for electric. Located near Hollywood Boulevard and Sunset Boulevard, the community has a Walk Score of 92 and sits within a ten-minute walk of the Metro Red Line Station. Current rents are 19% below renovated market comparables, with a stated initial cap rate of 4.40% and potential for a 6.12% cap rate as units turn. Six ADU units are identified as a potential addition.
Resident amenities include secured entry, video surveillance, on-site laundry, storage lockers, and bicycle storage. The property is master metered for gas and separately metered for electric. Located near Hollywood Boulevard and Sunset Boulevard, the community has a Walk Score of 92 and sits within a ten-minute walk of the Metro Red Line Station. Current rents are 19% below renovated market comparables, with a stated initial cap rate of 4.40% and potential for a 6.12% cap rate as units turn. Six ADU units are identified as a potential addition.
Key Highlights
- 72‑unit apartment property originally built in 1930
- Unit mix: 14 bachelor, 46 studio, 9 one‑bedroom, and 3 penthouse units
- 65 of 72 units extensively remodeled with updated kitchens and bathrooms
Property Analytics
Current Use
Lease Details
72
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 90027, CA
44,471
Population
24,267
Households
1.8
Avg Household Size
39
Median Age
58%
College-Educated
92%
High-School Grad
8.1 sq mi
ZIP Area
5,490
Density / Sq Mi
$90,532
Median Household Income
$53,526
Median Earnings
$1,904
Median Rent
$1,747,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic Los Angeles apartment community with upgraded residences, courtyard amenities, controlled access, and a varied unit mix.
Where is this apartment building located?
The property is located at 1641 N Alexandria Ave Los Angeles, CA.
What are key features of this property?
This property features: 72‑unit apartment property originally built in 1930; Unit mix: 14 bachelor, 46 studio, 9 one‑bedroom, and 3 penthouse units; 65 of 72 units extensively remodeled with updated kitchens and bathrooms
