13,386 sqft

$3,950,000

725 S Alvarado Street, Los Angeles CA, 90057

Price per sqft$295.08

Built in1923

Property size13,386 sqft

Property typeCommercial

Overview

Active

Listed Jul 26, 2026

Updated 2 weeks ago

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 $3,950,000, an 8.92% in-place cap rate on the buyer's reassessed tax basis. 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.

Additional information

MLS^® ID: SR26162857

Interior Features

Basement: No

Exterior Features

Lot Size: 0.27 Acres

Other Property Details

Taxes: $49,375
Tax Frequency: Annually
Maintenance Expense: $31,163

Listed by Logan Altman, Altman Apartments LLC, CA DRE 01965826

Listing Contact: 310-903-0222

Based on information from the CRISNet MLS as of 9/20/2026, 8:32 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.