1421 Alvarado is a $1,099,997, 3,932 square foot, 5 bedroom, 7.0 bath home on a 0.17 acre lot located in Los Angeles (City), CA.
Great opportunity to own this fully occupied 5 unit building. Property features (2) 2bedroom 1 bath units and (3) 1 bedroom 1 bath units.Property has copper plumbing, updated electrical, recently retrofitted foundation, Brand new Composition shingle roof, Each unit is separately metered for gas and electric, fire extinquishers throughout the building, onsite laundry, electric gated parking for 6 cars in rear, & completely gated grounds for added occupant security. The property is a Tudor Revival which has been given the "Historic Preservation" designation by the city of Los Angeles. Property was designed by famed architects Morgan & Walls who also constructed the Wiltern & The El Capitan Theaters. Property qualifies for the Mills Act Tax Exemption. Property is located near a park in a great up and coming neighborhood which is great for families with kids.Close to Public transportation, Staples Center, LA Live, And all downtown nightlife. Could be awesome for an owner user. Hurry this one won't last! Drive by Only. Do NOT Disturb tenants!
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