$11,380,000
$1M PRICE DROP

130 S Alexandria Ave Los Angeles, CA 90004

Koreatown Neighborhood

Estimated payment $74,896/month

Total Views 9,325
54 Beds
54 Baths
36,012 Sq Ft
$316 Price per Sq Ft

Highlights

  • 24,008 Sq Ft lot
  • Subterranean Parking
  • Wood Siding
  • Balcony
  • Laundry Facilities

About This Home

5.01% CAP on current rents with 49% upside! Since 2020, nearly 1/3 of the units have turned over naturally without any relocation assistance. Constructed in 1971 on a 24,008 square foot LAR3 double lot, The Orleans is a three-story, 54-unit multifamily property with a total building area of 36,012 square feet. The controlled-access property with intercom entry offers an elevator, two on-site laundry facilities, and 57 gated subterranean parking. The property is separately metered for electricity, the units are not serviced by gas and there is a central water heater. The Orleans boasts all one-bedroom/one-bathroom units, and offer laminate wood flooring, electric stoves, dishwashers, radiant heat, and wall units for cooling. Select units offer a private balcony.

Listing Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254

Co-Listing Agent

Adam Peterson

CB Richard Ellis, Inc. License #01815802

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Parking

  • Subterranean Parking

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Wood Siding
  • Stucco

Interior Spaces

  • 36,012 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 54 Bedrooms
  • 54 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System

Additional Features

  • Balcony
  • 0.55 Acre Lot

Community Details

  • 54 Units
  • Laundry Facilities
  • Vacancy Allowance $29,137

Listing and Financial Details

  • The owner pays for gardener, gas, water, move in fee
  • Assessor Parcel Number 5518-012-036

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 36012
  • Year Built: 1971
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Laminate
  • Appliances: Electric
  • Bedrooms: 54
  • Laundry: Community
  • Total Bathrooms: 54.00
  • Equipment: Dishwasher
  • Price Per S Q F T: 316.01

Exterior Features

  • Construction: Frame, Stucco, Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Balcony
  • Pool: No
  • Roof: Flat
  • Spa Yn: No

Garage/Parking

  • Covered Parking: 57
  • Parking Garage: Subterranean

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Radiant

Condo/Co-op/Association

  • Professional Management: 28263.00

Fee Information

  • Insurance Expense: 18787.00
  • Maintenance Expense: 35100.00
  • Management Expense: 12000.00
  • Other Expense: 95960.00
  • Trash Expense: 24138.00

Lot Info

  • Assessor Parcel Number: 5518-012-036
  • Lot Size Area: 24008

Rental Info

  • Owner Pays: Gardener, Gas, Water, Move In Fee
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 11.81
  • Number Of Units: 54
  • Total Annual Expense: 363538
  • Type Of Units: Multifamily
  • Vacancy Allow: 29137
  • Vacancy Rate: 3

Tax Info

  • Tax Expense: 141094.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2024 11/20/24 Price Changed $11,380,000 -3.6% $316 / Sq Ft
08/13/2024 08/13/24 Price Changed $11,800,000 -4.7% $328 / Sq Ft
07/18/2024 07/18/24 For Sale $12,380,000 -- $344 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 24-416557

The MLS

California Los Angeles County Los Angeles 90004 Koreatown

130 S Alexandria Ave, Los Angeles, CA

Homes for Sale in Los Angeles, CA

This home is located at 130 S Alexandria Ave, Los Angeles, CA 90004 and is currently priced at $11,380,000, approximately $316 per square foot. This property was built in 1971. 130 S Alexandria Ave is a home located in Los Angeles County with nearby schools including Frank Del Olmo Elementary School, Virgil Middle School, and Belmont High School.

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The MLS © 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Priscilla Nee
Listing Agent
Priscilla Nee
Section Image
CB Richard Ellis, Inc.
(310) 550-2500