500 Alexandria Avenue — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90004

Investment Figures

Cap rate
5.52%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to announce the opportunity to purchase 500-510 N Alexandria Avenue, a seven-unit multifamily property located in Los Angeles, CA. Nestled between the trendy Larchmont Village and Virgil Village neighborhoods, just north of bustling Koreatown, the property allows tenants convenient access to many of Los Angeles’ most recently improved areas. Silver Lake, Sunset Junction, and Echo Park are just east of the buildings, while the high-end Los Feliz neighborhood sits north of the property. A new ADU was completed in 2025, generating a substantial income stream by attracting higher-paying tenants with its brand new finishes. Garage parking for four vehicles is another rare amenity in this dense residential neighborhood that helps attract new tenants to the building. Neither building appears on the Los Angeles Department of Building and Safety’s seismic retrofit list (Buyer to verify), saving a new owner from what would otherwise be a costly capital expenditure. Residents enjoy convenient access to the 101 Freeway, while the Metro Red Line is accessible via the nearby Vermont/Beverly station. With LA Live and the neighboring Crypto.com Arena, Los Angeles Convention Center, and nearby Los Angeles Coliseum scheduled to host events in the 2028 Summer Olympics, the entire local area stands to benefit from upcoming infrastructure improvements and an influx of capital to the area. Investment Highlights: • Excellent Location Between Larchmont Village, Virgil Village, and Koreatown • Mostly Two-Bedroom Units • Value-Add Opportunity – Current Rents Approximately 23% Below Market Rates • Newly Constructed ADU Generates Additional Income Stream • Garage Parking for Select Units • Adjacent to Silver Lake, Echo Park, Sunset Junction, and Los Feliz • Not on LADBS Seismic Retrofit List (Buyer to Verify) • Deemed "Very Walkable" with a Walk Score of 87

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 5.5% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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