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

Listed by Logan Altman CA DRE# 01965826 with Altman Apartments LLC 310-903-0222

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 CA DRE# 01965826 with Altman Apartments LLC 310-903-0222

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/20/2026. 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.

Data last updated on 9/20/2026 at 8:32 PM UTC Last Checked: 8:32 PM UTC