Under Contract

1554 -1556 N Alexandria Avenue

Los Angeles CA, 90027

$4,500,000


$426.22 per sqft

Under Contract

18 Beds

12 Baths

10,558 sqft

Residential

Built in 1955

Listed by Steven Medina with Hilton & Hyland 310-278-3311

Introducing, for the first time in over 50 years, an incredible opportunity to acquire this prime Income/Development Opportunity of two (2) contiguous lots! Excellent location in the heart of Los Angeles just North of Sunset Blvd and South of the Griffith Observatory. 12 Mid-Century units on Alexandria Avenue exude old Hollywood charm. In a rapidly gentrifying area adjacent to Los Feliz, 1554 and 1556 are remarkable Value-Add properties at 50% occupancy. Rarely are two contiguous lots with 101 foot street frontage and prime 2-parcel assemblage available at this price! Centrally sited only minutes from Hollywood, the Silverlake Reservoir, the Greek Theatre, exceptional hiking, retail, and dining. Each unit, either 1 or 2 bedrooms, can be found in identical, side-by-side properties. Two 5,279 sqft. buildings combine for 10,558 sqft. of living. One 6,834 sqft. lot (1554) and another 6,902 sqft. lot (1556) combine for a lot size of 13,736 sqft. With 6-units in each building, this 1955 product is great for 1031 Exchange Buyers, developers or investors.

24348319

MLS ID

January 15, 2024

Listed

February 16, 2024

Updated

Map

1554 -1556 N Alexandria Avenue
Los Angeles CA, 90027

Interior Features

Total Stories

1


Bedrooms

18 Beds


Bathrooms

12 Baths


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.32 Acres

Other Property Details

Area Name

C20 - Hollywood


Days on Market

18


Garage

No


Parking

Assigned, Covered, Carport, Detached Carport, Driveway


Parking Total

12


View

No


County

Los Angeles


Pool

No


Zoning

LARD1.5


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

2/7/2024

Under Contract

2/3/2024

Under Contract

Listing Contact: 310-278-3311 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:15 AM UTC

 

Powered byLuxury Presence