801 Alexandria AveLos Angeles, CA 90029

This beautifully remodeled two-story Spanish-style fourplex presents a compelling investment opportunity in Los Angeles' highly desirable Hollywood submarket. Located near Los Angeles City College, this property boasts four units, each featuring two bedrooms and one bathroom. Recent renovations include new quartz countertops, backsplashes, high-end cabinetry, Hansgrohe kitchen faucets, dishwashers, gas ranges, ovens, hoods, ductless AC/heat units, updated bathrooms with Kohler fixtures, recessed lighting with dimmer switches, fresh interior paint, and new laminate flooring. In-unit washer/dryer hookups add to the appeal. Exterior upgrades include new windows, iron security bars, fresh exterior paint, and water-saving landscaping. The property sits on a 0.119-acre lot and includes four parking spaces. With a total square footage of 3,896, the asking price is $2,000,000, or $500,000 per unit. The building was constructed in 1924 and is zoned LARD2. Current rents are expected to increase by 7% at the end of February 2024. All units are delivered vacant or leased at top market value. Airbnb operators are welcome. The property's location is north of Beverly Boulevard, south of Santa Monica Boulevard, west of Vermont Avenue, and east of Normandie Avenue. Buyers are advised to independently verify all information. The seller is willing to cooperate with a 1031 exchange at no cost to the buyer.