320 S Alvarado Street, Los Angeles, CA 90057

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
320 S Alvarado Street,Los Angeles, CA 90057
$3,650,000
  • - Beds
  • 33 Baths
  • 18,195 sq. ft.
  • Multi-family
  • Active
Listed by: neema ahadian
Office: marcus & millichap
MLS#:26636721
Source:CRMLS

Price summary

  • Price:$3,650,000
  • Price per sq. ft.:$200.6

About this home

We are pleased to present 320 S Alvarado Street, a 35-unit multifamily investment opportunity located in the Westlake submarket of Los Angeles, just south of 3rd Street and two blocks from MacArthur Park. The property features a desirable unit mix consisting of three bachelor units, 29 singles, and three one-bedroom units, catering to strong rental demand in the area. Significant value-add opportunity with the majority of units rented below market, offering approximately 32% rental upside as units turn. Attractive basis with the property offered at $104,286 per unit and $201 per square foot, well below replacement cost for a centrally located Los Angeles asset. The property is within one mile of the Metro AE Rail Lines and steps from multiple Metro Local bus lines along S Alvarado Street. Proximity to major retailers and daily-needs amenities, including The Home Depot, Superior Grocers, Starbucks, and a variety of dining and service options along6th Street and 3rd Street.

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Home facts

  • Year built:1927
  • Listing ID #:26636721
  • Added:10 day(s) ago
  • Updated:January 23, 2026 at 11:37 AM

Rooms and interior

  • Total bathrooms:33
  • Living area:18,195 sq. ft.

Structure and exterior

  • Year built:1927
  • Building area:18,195 sq. ft.
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$3,650,000
  • Price per sq. ft.:$200.6
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