Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    801 N Alexandria Ave Los Angeles, CA 90029

    • Commercial real estate
    • 3,896 SF
    • 0.12 lot acres
    For Sale
    View listing
    $1,899,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7443227
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 801 N Alexandria Ave

    Year built
    1924
    Lot size
    0.12 lot acres
    Property size
    3,896 SF
    Property type
    Commercial real estate
    APN
    5538-007-028

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2981137
    Latitude
    34.0859487

    Comparable in this City

    • $3,200,000
      7,020 SF

      East Hollywood Condo Project Opportunity

      New 5-unit condo project with city and mountain views.
      4136 Normal Ave, Los Angeles, CA 90029
      View Details
    • $1,350,000
      3,800 SF

      Development Opportunity in Hollywood Area

      Land in Hollywood suitable for 10-14 new units development.
      1150 N Kingsley Dr, Los Angeles, CA 90029
      View Details
    • $1,650,000
      21,753 SF

      RTI Affordable Housing Development Opportunity

      Ready-to-Issue 49-unit affordable housing development opportunity in Hollywood.
      1156 N Kingsley Dr, Los Angeles, CA 90029
      View Details
    • New
      $1,775,000
      4,605 SF

      Opportunity Zoned Multifamily Investment Property

      Seven-unit apartment building in a high-demand Los Angeles location.
      4124 Monroe St, Los Angeles, CA 90029
      View Details
    • $3,490,000

      Four Units in Hollywood Corridor

      Built in 2016, four spacious units in Hollywood.
      5235 Virginia Ave, Los Angeles, CA 90029
      View Details
    • $2,900,000

      Multifamily Investment Opportunity

      Eight-unit property with renovation and expansion potential.
      924 N Kingsley Dr, Los Angeles, CA 90029
      View Details

    Similar Nearby for Sale

    • $3,200,000
      7,020 SF

      East Hollywood Condo Project Opportunity

      New 5-unit condo project with city and mountain views.
      4136 Normal Ave, Los Angeles, CA 90029
      View Details
    • $1,350,000
      3,800 SF

      Development Opportunity in Hollywood Area

      Land in Hollywood suitable for 10-14 new units development.
      1150 N Kingsley Dr, Los Angeles, CA 90029
      View Details
    • $1,650,000
      21,753 SF

      RTI Affordable Housing Development Opportunity

      Ready-to-Issue 49-unit affordable housing development opportunity in Hollywood.
      1156 N Kingsley Dr, Los Angeles, CA 90029
      View Details
    • New
      $1,775,000
      4,605 SF

      Opportunity Zoned Multifamily Investment Property

      Seven-unit apartment building in a high-demand Los Angeles location.
      4124 Monroe St, Los Angeles, CA 90029
      View Details
    • $3,490,000

      Four Units in Hollywood Corridor

      Built in 2016, four spacious units in Hollywood.
      5235 Virginia Ave, Los Angeles, CA 90029
      View Details
    • $2,900,000

      Multifamily Investment Opportunity

      Eight-unit property with renovation and expansion potential.
      924 N Kingsley Dr, Los Angeles, CA 90029
      View Details

    Similar Nearby for Lease

    • $3,950 /Mo
      1,547 SF

      New Construction Townhouse with Roof Deck

      New 2024 construction townhouse with private roof deck near DTLA.
      849 N Mariposa Ave, Los Angeles, CA 90029
      View Details
    • $33 SF/Yr
      2,385 SF

      Prime LA Executive Office Space

      2,385 SF Available in Los Angeles
      1100 Western Ave, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Leased Office Building in Los Angeles

      Fully leased office building in a prime Los Angeles location.
      4209 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    • $1.48 SF/Yr
      3,000 SF

      Industrial Space with High Ceilings

      Multi-tenant industrial building featuring high ceilings and ample power.
      5720 S Hoover St, Los Angeles, CA 90029
      View Details
    • $36 SF/Yr
      57,000 SF

      Hollywood Office & Warehouse Space

      Prime location, flexible suites available
      5300 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    • $48 SF/Yr
      4,558 SF

      Virgil Ave Retail Spaces

      Prime Los Angeles Retail Opportunity
      774 Virgil Ave, Los Angeles, CA 90029
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    801 N Alexandria Ave
    Los Angeles, CA 90029
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.