$9,700,000

411 & 425 S Alexandria Ave is a 2 property apartment community constructed in 1955 & 1956. The properties are on separate APN s and can later be sold separately. Situated on R4-1 lots totaling approximately 33,354 square feet with 215 feet of frontage, the properties offer a unique opportunity as a value added opportunity to reposition the existing structures and units or potentially to redevelop the site in the long term. The property consists of (15) Studio/One-Bath units, (36) One-Bed/One-Bath units, (1) Two-Bed/One Bath unit, and (2) Two-Bed/Two Bath units that are separately metered for gas and electricity. Parking at 425 S Alexandria is subterranean and tuck under and carports at 411 S Alexandria. Both properties contain swimming pools and are two story courtyard structures with pitched roofs constructed of wood frame and stucco. This property is part of a portfolio and includes the following properties: 1) 411 S Alexandria Avenue, Los Angeles, California 90020 2) 425 S Alexandria Avenue, Los Angeles, California 90020 *Also available with 409 S Manhattan Place, totaling 29 Units.