806 Alandele Avenue Los Angeles, CA $ 1,850,000
806 Alandele Avenue
$ 1,850,000
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806 Alandele Avenue

Los Angeles, CA, 90036
$ 1,850,000
Bedrooms7 Baths3.1 Sq 3,194

Monthly Estimate*

$ 12,923

Listed by Equity Union
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Multi-Family Home for sale in Los Angeles, CA

for $1,850,000 with 7 bedrooms and 3 full baths, 1 half bath. This 3,194 square foot home was built in 1949 on a lot size of 0.1317.

RARE 1949 Triplex located within the coveted Miracle Mile Historic Preservation Zone. This income property boasts a strong unit mix consisting of (1) a large 3 bedroom + 1.5 Bathrooms unit (approx. 1200 sq ft), (1) an upgraded 2 bedrooms + 1 bathroom (approx. 933 sq ft), and (1) 2 bedroom + 1 bathroom (approx. 1080 sq ft). The property has three 1-car garages and a dedicated laundry room for additional income. Hardwood flooring throughout with tons of midcentury charm. Triplex is located in an ‘A’ rental market that is consistently sought-after by high-income young professionals. Located moments from Museum Row which includes: LACMA, The Academy Museum of Motion Pictures, The Petersen Automotive Museum, and La Brea Tar Pits. Endless opportunities for world-class shopping, dining, and entertainment options with a walk score of 91 (walker’s paradise) yet on a quiet street. A short distance away at The Grove/Farmer's Market, Beverly Center, Cedars-Sinai, and Koreatown. The property has easy access to UCLA, USC, Downtown LA, and the 10 Freeway. The Purple Line Subway station is close by and is scheduled to open in 2025. This line will go from Downtown to Westwood and will provide added value to the future property owner and the entire neighborhood. This an ideal investment for an owner/user or operator seeking a stable investment opportunity along with long-term wealth preservation and appreciation.

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

7

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Triplex

Lot Size

0.1317

Year Built

1949

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR24041288

Days on Market

54

Features
General
Interior Features BeamedCeilings CeilingFans
Sewer PublicSewer
Heating Central
Cooling WallWindowUnits
Exterior Features Awnings
Zoning LAR3
Garage Spaces 3.0
Pool Features None
Year Built 1949
Tenant Pays AllUtilities
View None
Stories 2
Levels Two
Property SubType Triplex
Gross Income 94488.0
Community Features Curbs StreetLights Sidewalks Urban
County Los Angeles
Net Operating Income 85288.0
Operating Expense 9200.0
Insurance Expense 5000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Trust
Status Active
Directions Located within Los Angeles' famed Miracle Mile North of W. Olympic Blvd East of S. Fairfax Ave this asset is situated in one of the city's most prestigious neighborhoods
City Los Angeles
Entry Location 1
View Y/N N
Senior Community Y/N N
Total Units 3
MLS Area C17 - Mid-Wilshire
Lot Size Square Feet 5738.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Alandele
Listing Terms Cash Conventional FannieMae FreddieMac
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 600.0
Home Warranty Y/N N
Fuel Expense 600.0
Trash Expense 600.0
Walk Score 91
Water Sewer Expense 2400.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 47
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Property Sub Type Additional Triplex
Expected Active Date 2024-03-06
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Interior
Flooring Wood
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features GarageFacesFront Garage
Lot Features Item25UnitsAcre
Water Source Public
Total Parking 3.0
Lot Size Area 5738.0
Number of Buildings 1
Spa N
Building Area Total 3194.0
Lot Size Acres 0.1317
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 806
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* Excluded Features
List By
Equity Union

Broker

(818) 989-2000

Phone

Affordability Calculator

$12,923
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,923
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/6/2024$1,850,000 Listed Price

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806 Alandele Avenue, Los Angeles, CA, 90036 is a Multi-Family Home for sale at $1,850,000 with 3,194 sqft and a lot size of 0.1317. 806 Alandele Avenue has 7 bedrooms, 3.1 baths, and was built in 1949. The property's zip code is 90036 which is in Los Angeles, CA