9-Unit Apartment
313 N Alexandria Ave, Los Angeles, CA 90004
For Sale
New
$3,000,000
Residential Income, Los Angeles, CA
Property Size10,037 SF
Lot Size0.19 Acres
Price / SF$298.89
Days on Market3
Property Features for 313 N Alexandria Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Cooling system
Amenities
on-site community laundry room
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams Realty Los Feliz
(323) 300-1000
Listed By:
Johnny Cho · License CA #01394690
(213) 819-1043
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 4:06AM
MLS# 26107806
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1989, this 10,037-square-foot apartment building contains nine units: five with three bedrooms and two bathrooms, and four with two bedrooms and one bathroom. The property has copper plumbing, wall-unit air conditioning, and a community laundry room. Some apartments have laminate flooring, updated bathrooms, and newer wall A/C units. Parking is provided in tandem, assigned, and driveway spaces. The property is zoned LAR3 and is fully occupied.
At 313 N Alexandria Ave in Los Angeles, the building is described as being in Mid-Wilshire, near Koreatown and Silver Lake. Echo Park, Downtown Los Angeles, dining, entertainment, Metro subway stations, and public transportation are also identified as accessible from the property.
At 313 N Alexandria Ave in Los Angeles, the building is described as being in Mid-Wilshire, near Koreatown and Silver Lake. Echo Park, Downtown Los Angeles, dining, entertainment, Metro subway stations, and public transportation are also identified as accessible from the property.
Key Highlights
- Nine units in a 10,037‑square‑foot building completed in 1989
- Unit mix: five 3‑bedroom/2‑bathroom apartments and four 2‑bedroom/1‑bathroom apartments
- 16 parking spaces; parking includes tandem, assigned, and driveway spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,503
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,230,060
$3.2M
Cap Rate 7%
$2,307,186
$2.3M
Cap Rate 9%
$1,794,478
$1.8M
Market Conditions
NOI Build-Up for 10,037 SF
Gross rent
$319.2K $31.80/SF
− Vacancy
−$25.5K −$2.54/SF
EGI
$293.6K $29.26/SF
− OpEx
−$132.1K −$13.17/SF
NOI
$161.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,230,060
Cap Rate 7%
$2,307,186
Cap Rate 9%
$1,794,478
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.02M – $2.69M
NOI $161,503 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,340 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
9
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,181
Businesses Nearby
Explore this area
Business Placement
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
$1,457,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied, the property also includes a community laundry room and tandem, assigned, and driveway parking.
Where is this apartment building located?
The property is located at 313 N Alexandria Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Nine units in a 10,037‑square‑foot building completed in 1989; Unit mix: five 3‑bedroom/2‑bathroom apartments and four 2‑bedroom/1‑bathroom apartments; 16 parking spaces; parking includes tandem, assigned, and driveway spaces
