35-Unit Mixed-Use Apartment
For Sale
$3,950,000
725 S Alvarado Street, Los Angeles, CA 90057
2018 repiped and rewired apartment building with fire sprinklers plus ground-floor retail and restaurants.
Property Size13,386 SF
Days on Market86
Property Features for 725 S Alvarado Street
General Information
Standard status
Active
Size
13,386 SF
Property subtype
Mixed Use
Zoning
C2-2
Units
Unit Mix
23 x studio, 1 x 1BR
Multifamily Units
24
Additional Details
Cap Rate
6.63%
Public Transit
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$49,375
Building Details
Building Size
13,386 SF
Year Built
1923
Year Renovated
2018
Tenancy
Multi
Listing Agency:
Altman Apartments LLC
Listed By:
Logan Altman · License #01965826
(310) 903-0222
Source:
Archetyperealty
Added: Jul 26
Changed: Oct 14
Last Checked: Oct 16 at 2:54PM
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 Altman Apartments LLC
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Investment Insights
Based on property information with market context.
Alvarado Apartments is a 35-unit mixed-use property that combines 24 residential units and 11 ground-floor commercial spaces. The residential component includes 23 studios and 1 one-bedroom, while the retail component includes two restaurants and additional retail. Built in 1923, the property was fully repiped and rewired in 2018 and has fire sprinklers throughout. On-site parking supports the building’s mixed-use setup.
The property is designated Residential Hotel on C2-2 zoning, with a Transit Oriented Communities and State Density Bonus path that can support added density (buyer to verify development potential). The commercial component provides ground-floor income, and the project is steps to the Metro B/D lines.
For underwriting, the offering includes an in-place cap rate of 6.63% that rises to a 7.65% pro forma. The bikeScore is 78 and the walkScore is 92, with a transitScore of 100.
The property is designated Residential Hotel on C2-2 zoning, with a Transit Oriented Communities and State Density Bonus path that can support added density (buyer to verify development potential). The commercial component provides ground-floor income, and the project is steps to the Metro B/D lines.
For underwriting, the offering includes an in-place cap rate of 6.63% that rises to a 7.65% pro forma. The bikeScore is 78 and the walkScore is 92, with a transitScore of 100.
Key Highlights
- 35‑unit mixed‑use building with 24 residential units (23 studios + 1 one‑bedroom) and 11 ground‑floor commercial spaces
- Repiped and rewired in 2018, with fire sprinklers throughout
- Residential Hotel designation on C2‑2 zoning with Transit Oriented Communities and State Density Bonus path
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$362,526
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,250,520
$7.3M
Cap Rate 7%
$5,178,943
$5.2M
Cap Rate 9%
$4,028,067
$4.0M
Market Conditions
NOI Build-Up for 13,386 SF
Gross rent
$494.7K $36.96/SF
− Vacancy
−$11.4K −$0.85/SF
EGI
$483.4K $36.11/SF
− OpEx
−$120.8K −$9.03/SF
NOI
$362.5K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,250,520
Cap Rate 7%
$5,178,943
Cap Rate 9%
$4,028,067
Alternative Uses
Best Use
Apartment 5plus
$236.66M
$207.07M – $276.10M
NOI $16,565,899 @ 7.0% cap · market cap 419.39%
Second Best
Specialty Retail
$5.18M
$4.53M – $6.04M
NOI $362,526 @ 7.0% cap · market cap 9.18%
Theoretical Best
Multifamily LT 5
$271.19M
$237.29M – $316.39M
NOI $18,983,463 @ 7.0% cap · market cap 480.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
24
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
5,696
Businesses Nearby
Explore this area
Business Placement
Demographics for 90057, CA
45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 2018 repiped and rewired apartment building with fire sprinklers plus ground-floor retail and restaurants.
Where is this apartment building located?
The property is located at 725 S Alvarado Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 35‑unit mixed‑use building with 24 residential units (23 studios + 1 one‑bedroom) and 11 ground‑floor commercial spaces; Repiped and rewired in 2018, with fire sprinklers throughout; Residential Hotel designation on C2‑2 zoning with Transit Oriented Communities and State Density Bonus path
