128 N Alvarado St Los Angeles, CA 90026
Westlake Neighborhood
6
Beds
5
Baths
3,080
Sq Ft
4,601
Sq Ft Lot
About This Home
As of January 2025We are pleased to present the opportunity to acquire 128 North Alvarado Street, a four-unit apartment community in the center of some of the most desired neighborhoods in Los Angeles. The property borders the densely populated neighborhoods of Echo Park and Koreatown and is only ten minutes from Downtown Los Angeles. The property's infill location and rental upside offers an investor immediate value-add potential. Situated on a 4,601 square foot parcel, the property features a well balanced unit-mix, consisting of one studio, one, one-bedroom/one-bath, one two-bedroom/one-bath, and one three-bedroom/two-bath. There have been a number of recent upgrades to select units including updated HVAC, plumbing, & electrical upgrades as well as a new furnace, new dual pane windows, and new kitchen cabinets. Current ownership has invested nearly $80,000 into capital improvements over the last 18 months. The two-story building also features four parking spaces with gated entry. The subject property's location has demonstrated meaningful appreciation in both the single family home market and the rental market as Angelenos continue to move into the region and find a shortage of housing options. With a slim development pipeline in the immediate vicinity, this supply/demand balance should promote strong rent growth over the long term.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,628
Year Built
- Built in 1918
Lot Details
- 4,601 Sq Ft Lot
Parking
- 4 Parking Spaces
Interior Spaces
- 3,080 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 5157-021-012
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/03/2025 01/03/25 | Sold | $1,035,000 | +0.5% | $336 / Sq Ft |
| 10/24/2024 10/24/24 | For Sale | $1,030,000 | -- | $334 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $13,628 | $1,092,105 | $835,619 | $256,486 |
| 2023 | $13,372 | $1,070,692 | $819,235 | $251,457 |
| 2022 | $12,762 | $1,049,699 | $803,172 | $246,527 |
| 2021 | $12,595 | $1,029,118 | $787,424 | $241,694 |
| 2019 | $12,224 | $998,595 | $764,069 | $234,526 |
| 2018 | $12,126 | $979,016 | $749,088 | $229,928 |
| 2016 | $6,508 | $514,914 | $410,891 | $104,023 |
| 2015 | $6,416 | $507,181 | $404,720 | $102,461 |
| 2014 | $6,462 | $497,247 | $396,793 | $100,454 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $658,622 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $560,000 | New Conventional | |
| Previous Owner | $371,250 | New Conventional | |
| Previous Owner | $75,000 | Stand Alone Second | |
| Previous Owner | $512,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $380,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $230,000 | Unknown | |
| Previous Owner | $153,600 | No Value Available | |
| Previous Owner | $139,500 | No Value Available | |
| Closed | $19,200 | No Value Available |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $941,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | Bnt Title Company Of Ca | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Title 365 | |
| Grant Deed | $495,000 | Title 365 | |
| Grant Deed | $640,000 | Alliance Title Pasadena | |
| Interfamily Deed Transfer | -- | Commerce Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $192,000 | American Title Co | |
| Grant Deed | $155,000 | American Title Co |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: The MLS
MLS Number: 24-456611
APN: 5157-021-012
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Information is deemed reliable but not guaranteed.
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