150 S Alvarado St
Los Angeles, CA 90057
10 Beds
10 Baths
6,536 Sq Ft
41 Days on Market
For Sale $2,200,000
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Courtesy of Global Platinum Properties, Inc.

Listing Agent & Comments

Armin SoleimaniGlobal Platinum Properties, Inc.
310-666-2246arminsoleimani@gmail.com License #01846872
Amazing Current Cap Rate of 7.3% and 10 GRM with 43% upside to 11% Cap Rate and 7.2 GRM on proforma! Now offered with Higher Rents and 2 New Vacancies. Value-Add 10-unit building with 4 Fully renovated units with permits and 2 upcoming vacancies that can be renovated and leased for $2,407 per month (Previous rents were only $808). Priced at only $220k/door and $336/SF plus Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 183k/unit, 10% Cap Rate, and 7.7 GRM on Current with upside to 14% Cap Rate and 5.8 GRM on Proforma after ADUs. All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. RTI plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

MLS# 24440959 • Data provided by CRMLS
Additional home details
Living Area6,536 Sq.Ft.
Lot Size6,386 Sq.Ft.
Total Rooms--
Bedrooms10
Bathrooms10
Stories2
Year Built1954
Property TypeMulti Family
ZoningLAC2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$17,898
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$2,158,753
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
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HouseCanary, Inc. Brokerage

150 S Alvarado St., Los Angeles, CA 90057

Multi Family
10 Beds
10 Baths
6,536 Sq Ft
41 Days on Market

Listing Agent & Comments

Armin SoleimaniGlobal Platinum Properties, Inc.
310-666-2246arminsoleimani@gmail.com License #01846872
Amazing Current Cap Rate of 7.3% and 10 GRM with 43% upside to 11% Cap Rate and 7.2 GRM on proforma! Now offered with Higher Rents and 2 New Vacancies. Value-Add 10-unit building with 4 Fully renovated units with permits and 2 upcoming vacancies that can be renovated and leased for $2,407 per month (Previous rents were only $808). Priced at only $220k/door and $336/SF plus Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 183k/unit, 10% Cap Rate, and 7.7 GRM on Current with upside to 14% Cap Rate and 5.8 GRM on Proforma after ADUs. All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. RTI plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

MLS# 24440959 • Data provided by CRMLS
Additional home details
Living Area6,536 Sq.Ft.
Lot Size6,386 Sq.Ft.
Total Rooms--
Bedrooms10
Bathrooms10
Stories2
Year Built1954
Property TypeMulti Family
ZoningLAC2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$17,898
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $2,200,000
Request tour
Save
Courtesy of Global Platinum Properties, Inc.
150 S Alvarado St
Los Angeles, CA 90057
10 Beds
10 Baths
6,536 Sq Ft
41 Days on Market

Listing Agent & Comments

Armin SoleimaniGlobal Platinum Properties, Inc.
310-666-2246arminsoleimani@gmail.com License #01846872
Amazing Current Cap Rate of 7.3% and 10 GRM with 43% upside to 11% Cap Rate and 7.2 GRM on proforma! Now offered with Higher Rents and 2 New Vacancies. Value-Add 10-unit building with 4 Fully renovated units with permits and 2 upcoming vacancies that can be renovated and leased for $2,407 per month (Previous rents were only $808). Priced at only $220k/door and $336/SF plus Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 183k/unit, 10% Cap Rate, and 7.7 GRM on Current with upside to 14% Cap Rate and 5.8 GRM on Proforma after ADUs. All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. RTI plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

MLS# 24440959 • Data provided by CRMLS
Additional home details
Living Area6,536 Sq.Ft.
Lot Size6,386 Sq.Ft.
Total Rooms--
Bedrooms10
Bathrooms10
Stories2
Year Built1954
Property TypeMulti Family
ZoningLAC2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$17,898
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$2,158,753
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $2,200,000
Request tour
Save
Courtesy of Global Platinum Properties, Inc.