427 Alvarado St Los Angeles, CA 90057-2933
Property profile & analytics
427 Alvarado St Los Angeles, CA 90057-2933
- Apartment buildings
- 10,976 SF
- 0.18 lot acres
Property ID
US09-8191014
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
- Apartment buildings
Property Details for 427 Alvarado St
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Property size
- 10,976 SF
- Zone code
- LAC2
- Property type
- Apartment buildings
- APN
- 5154-031-016
- APU
- 5154031016
Description
This 16-unit apartment building at 427 S Alvarado St, Los Angeles, CA 90057, presents a compelling value-add opportunity. The property, built in 1909 and encompassing 10,976 square feet, consists of fifteen one-bedroom/one-bathroom units and one studio. Currently generating a NOI of $108,275 and a 6.28% cap rate, pro forma projections indicate a significant increase to $270,000 NOI and a 13.53% cap rate with market rent adjustments and renovations. The asking price is $1,995,000, translating to $124,687.50 per unit and $181.76 per square foot. The property is zoned LAC2 and features a 7,841 square foot lot. Its prime location in the Westlake neighborhood offers proximity to Downtown LA, Echo Park, and Silver Lake, ensuring strong rental demand and low vacancy risk. The current rents are below market rates, providing substantial room for growth. This presents a chance to leverage the property's historical charm and strong location to increase profitability. The property's financial performance, combined with its location and value-add potential, makes it an attractive investment in a rapidly developing area of Los Angeles. The APN is 5154-031-016.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.275
- Latitude
- 34.0608
- 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
$26,062
$1,591,812
$375,992
$1,967,804
-
$0.00
$0.00
$0.00
