Listing provided courtesy of Logan Altman of Altman Apartments LLC. Last updated 2026-07-30 08:34:17.000000. Listing information © 2026 Sandicor.
Asking Price: $4,250,000 |
725 Alvarado, Los Angeles CA 90057
Community: C42 - Downtown L.A.
This Mixed Use property was built in 1923 and is priced at $4,250,000. Please see the additional details below.
Alvarado Apartments - a 35-unit mixed-use value-add in the heart of Westlake / MacArthur Park, comprising 24 residential units (23 studios + 1 one-bedroom) and 11 ground-floor commercial spaces including two restaurants and retail. Fully repiped and rewired in 2018 with fire sprinklers throughout. Offered at a 6.63% in-place cap rate rising to a 7.65% pro forma. Designated Residential Hotel on C2-2 zoning with a Transit Oriented Communities and State Density Bonus path to substantial added density. On-site parking, ground-floor retail income, and steps to the Metro B/D lines. Meaningful upside through studio mark-to-market, parking lease-up and Section 8 / HACLA-supported income. Buyer to verify all figures, unit legality, square footage and development potential.
