Listed by Tom Odonnell Real Estate
$3,200,000
500 W Alondra Blvd, 36 Units
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 36,000
Units 36
Buildings 2
Stories 4
Parking Spaces 56 spaces
Parking Per SqFt 1.56
Multifamily | 36 Units
Marketing description
High Housing Demand
20,363sf vacant corner lot at signalized intersection of Alondra Blvd & S Figueroa Blvd. The Harbor Gateway North is just 10 miles from DTLA
Need for Housing in South La / Gardena / Carson
Large family units of this size with parking and amenities such as in unit washer & dryer will perform well in this location. There is a housing need and this site is perfectly suited to fill that need.
Investment highlights
- 4 stories in 2 proposed buildings
- 56 parking spaces subterranean 2 floors Each parking floor with separate entrance
- All units 3 bed, 2 bath with w&d hookups
- 36,000 sf of living space
- plans submitted & approved by City of LA
- 3 units VLI
Proforma Costs
- Land cost $3,200,000
- Build cost $12,000,000
- Permits fees $270,000
- Escrow fees $30,000
- Total $15,500,000
- Income annual $1,440,000
Listing Contacts
Listed by Tom Odonnell Real Estate
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