130 Alexandria Ave Los Angeles, CA 90004-2791
Property profile & analytics
130 Alexandria Ave Los Angeles, CA 90004-2791
- Apartment buildings
- 41,181 SF
- 0.55 lot acres
Property ID
US09-7665902
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 130 Alexandra Apartments LLC / Apartment Building
- Blue Nile Properties Llc / Real Estate Agency
- Bibiona Property Preservation LLC / Corporate Office
- Jxuq Health / Corporate Office
- REformnREstore / Gym & Fitness Center
Property Details for 130 Alexandria Ave
- Year built
- 1990
- Construction
- WOOD
- Lot size
- 0.55 lot acres
- Property size
- 41,181 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 5518-013-024
- APU
- 5518013024
Description
This exceptional 30-unit apartment building presents a compelling investment opportunity in the heart of Koreatown, Los Angeles. Built in 1990, this three-story property boasts 41,181 square feet on a 24,000 square foot lot and features a mix of renovated and unrenovated units. Approximately 20 of the spacious two-bedroom, two-bathroom units have undergone significant upgrades, showcasing high-end finishes including stainless steel appliances, quartz countertops, vinyl plank flooring, updated cabinetry, and modern bathrooms. These renovated units also feature large patios (first floor) or balconies with expansive city views (upper floors). All units benefit from in-unit laundry access. Building amenities include a secured entry with intercom system, 58 gated underground parking spaces, and a laundry room on each floor. The property has also undergone recent exterior improvements, including a new roof and exterior paint. The building's location is a key advantage, situated in a vibrant, walkable neighborhood with easy access to public transportation (Vermont/Beverly Metro Red Line Station and Wilshire/Normandie Purple Line Station), numerous restaurants, shops, and entertainment venues. Its proximity to major employment centers in Downtown LA, Beverly Hills, and Hollywood further enhances its appeal. The property offers a current NOI of $606,075 and a pro-forma NOI of $707,550, representing a 5.05% cap rate and a pro-forma cap rate of 5.90%, respectively. The asking price is $11,995,000, with a price per unit of $399,833.33 and a price per square foot of $291.28. This turnkey investment offers strong cash flow and significant upside potential through the completion of renovations in the remaining units. The property is zoned LAR3.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $10,995,000
- ML approach
- $8,095,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $13,085,000
Market price range: $4.88M - $13.1M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $9,450,000 Current use
- OFFICE BUILDING
- $20,670,000 Change: +119% Conversion: Moderate
- MEDICAL BUILDING
- $18,760,000 Change: +99% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $17,440,000 Change: +85% Conversion: Difficult
- RETAIL STORES
- $16,910,000 Change: +79% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $12,335,000 Change: +31% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.298
- Latitude
- 34.0717
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$166,318
$9,857,790
$3,615,390
$13,473,180
-
$0.00
$0.00
$0.00
