130 N Alexandria Avenue
Los Angeles, CA 90004
Listing provided courtesy of: CB Richard Ellis, Inc.
Property Description
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.
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Features:
Dishwasher Laminate Underground
| Price: | $11,380,000 |
| Beds: | 54 |
| Baths: | 54 |
| Interior (SQFT): | 36,012 |
| Lot Size (SQFT): | 23,958 |
| Property Type: | Residential Income |
| Year Built: | 1971 |
Listing provided courtesy of: CB Richard Ellis, Inc.. 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. Based on information from California Regional MLS. 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, 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. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 04/29/2025 16:45:24
