130 N Alexandria Avenue, Los Angeles, CA 90004

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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130 N Alexandria Avenue,Los Angeles, CA 90004
$10,380,000
  • 54 Beds
  • 54 Baths
  • 36,012 sq. ft.
  • Multi-family
  • Active
Listed by:neema ahadian
Office:marcus & millichap
MLS#:25548411
Source:CRMLS

Price summary

  • Price:$10,380,000
  • Price per sq. ft.:$288.24

About this home

We are pleased to present The Orleans Apartments, a 54-unit investment opportunity in prime Koreatown just east of Normandie Ave and south of Beverly Blvd. The subject property features an ideal unit mix of 54 one-bedrooms with 57 subterranean parking spaces; five units will be delivered vacant at the close of escrow. This is a value-add opportunity with 40% rental upside achievable as units turn; units are well-maintained but can be enhanced to capture premium rents with a renovation program including luxury vinyl plank flooring, stainless steel appliances, custom cabinetry and countertops, smoothed ceilings and light fixtures, and HVAC; exterior upgrades could include paint and common area upgrades; third floor units have balconies and all appliances are electric. At the asking price, the property is being offered at $288 PSF and $192,222 per unit. There are two laundry rooms on the third and fourth floors, each with three washers and three dryers leased with Wash. Rare opportunity

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Home facts

  • Year built:1971
  • Listing Id #:25548411
  • Added:72 day(s) ago
  • Updated:August 13, 2025 at 01:21 PM

Rooms and interior

  • Bedrooms:54
  • Total bathrooms:54
  • Living area:36,012 sq. ft.

Structure and exterior

  • Year built:1971
  • Building area:36,012 sq. ft.
  • Lot area:0.55 Acres

Finances and disclosures

  • Price:$10,380,000
  • Price per sq. ft.:$288.24
Based on information from California Regional Multiple Listing Service, Inc. as of August 16, 2025 . 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, 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. The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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