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Four-Unit Multifamily Property
For Sale
$1,900,000

244 S Alexandria Ave, Los Angeles, CA 90004

Four two-bedroom residences with substantial building-system upgrades and multiple garage parking spaces.

Property Size4,228 SF
Lot Size0.20 Acres
Price / SF$449.39
Days on Market40

Property Features for 244 S Alexandria Ave

General Information

Standard status Active
Size 4,228 SF
Lot size 0.20 Acres
Property subtype MULTI_FAMILY

Amenities

in-unit washer/dryer
dishwasher
storage units

Building Details

Building Size 4,228 SF
Year Built 1923
Tenancy Multi
Listing Agency: Exp Commercial of California, Inc.
Listed By: Toni Nan Xiong · License #01462918
Source: Rochellemaize
Added: Jun 27 Changed: Aug 3 Last Checked: Aug 5 at 4:56AM

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 Exp Commercial of California, Inc.

Investment Insights

Based on property information with market context.

This four-unit multifamily property contains 4,228 SF of living space on an approximately 8,500 SF lot. Built in 1923, it includes four two-bedroom, two-bathroom residences averaging approximately 1,057 SF each. One unit is expected to be delivered vacant. Parking and storage include two detached two-car garages, covered parking, and additional storage units.

Recent property work includes electrical system replacement in all four units, new roofs on the main building and garage, a full copper repipe from the meter to the units, new ABS plumbing beneath the building, foundation repairs, termite work, upgraded garage doors and lighting, and new dishwashers and in-unit washer/dryers. The property is located in Koreatown at 244 S Alexandria Ave, Los Angeles, CA 90004.

Key Highlights

  • Four 2‑bedroom, 2‑bathroom units averaging approximately 1,057 SF each
  • 4,228 SF of living space on an approximately 8,500 SF lot
  • One unit will be delivered vacant

Property Analytics

Current Use

themonkeyprints (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Carpet & Flooring Store Tanning Salon (Bike/Boat/Book/etc) Store Buffet Restaurant Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

9,212
Businesses Nearby

Demographics for 90004, CA

58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four two-bedroom residences with substantial building-system upgrades and multiple garage parking spaces.
Where is this quadplex located?
The property is located at 244 S Alexandria Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bathroom units averaging approximately 1,057 SF each; 4,228 SF of living space on an approximately 8,500 SF lot; One unit will be delivered vacant
More about this property
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