new - 2 days on rocket

128 N Alvarado St, Los Angeles, CA, 90026

$1,030,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
5 Baths
3,080 SqFt
$334/SqFt
House

Location

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128 N Alvarado St, Los Angeles$1,030,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Year Built1918
MLS #24456611
Lot Size0.11 Acres
StatusActive

About 128 N Alvarado St

We are pleased to present the opportunity to acquire 128 North Alvarado Street, a four-unit apartment community in the center of some of the most desired neighborhoods in Los Angeles. The property borders the densely populated neighborhoods of Echo Park and Koreatown and is only ten minutes from Downtown Los Angeles. The property's infill location and rental upside offers an investor immediate value-add potential. Situated on a 4,601 square foot parcel, the property features a well balanced unit-mix, consisting of one studio, one, one-bedroom/one-bath, one two-bedroom/one-bath, and one three-bedroom/two-bath. There have been a number of recent upgrades to select units including updated HVAC, plumbing, & electrical upgrades as well as a new furnace, new dual pane windows, and new kitchen cabinets. Current ownership has invested nearly $80,000 into capital improvements over the last 18 months. The two-story building also features four parking spaces with gated entry. The subject property's location has demonstrated meaningful appreciation in both the single family home market and the rental market as Angelenos continue to move into the region and find a shortage of housing options. With a slim development pipeline in the immediate vicinity, this supply/demand balance should promote strong rent growth over the long term.

Property Details

Property Features

Property Information:

  • Year Built: 1918
  • Stories: 2
  • Living Area: 3,080 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

School Info

Assigned Schools Information:

  • Belmont Senior High School, Public District Grades 9-12
  • Contreras Learning Center-Academic Leadership Community, Public District Grades 9-12
  • Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
  • Sal Castro Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Rosemont Avenue Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: North of Beverly Boulevard & West of North Westlake Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,030,000
  • Price Per SqFt: $334/SqFt

Tax Information:

  • Annual Amount: $12,595
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

36

# of Sold Homes

1331

128 N Alvarado St vs Los Angeles

2 DAYS ON ROCKET

-34 Days

$1,030,000

+$17.5K More

$334/SqFt

-$306 Less

KEY TAKEAWAY

This property is $17.5K more than the Median Sold Price and $306/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24456611

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/27/2024, 2:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 13, 2005Home Sold
$640,000
Nov 20, 2001Home Sold
$192,000
May 23, 2000Home Sold
$155,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,595$1,029,118
2020$12,224$1,018,566
2019$12,126$998,595
2018$11,868$979,016
2017$11,868$959,820

History based on county public records data.

Payment Calculator

$5,208

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,154

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-779915
4
/10

  • Rosemont Avenue Elementary School

  • 421 Rosemont Ave

  • 0.35 miles

  • Public District Grades KG-5

school-card-donut-779916
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 4.50 miles

  • Public Magnet Grades KG-6

school-card-donut-779917
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 23.02 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-779918
4
/10

  • Sal Castro Middle School

  • 1575 W 2nd St

  • 0.50 miles

  • Public District Grades 6-8

school-card-donut-779919
4
/10

  • Studio

  • 2211 W Avenue 30

  • 3.19 miles

  • Public District Grades 6-8

High School

school-card-donut-779920
3
/10

  • Belmont Senior High School

  • 1575 W 2nd St

  • 0.50 miles

  • Public District Grades 9-12

school-card-donut-779921
3
/10

  • Contreras Learning Center-Academic Leadership Community

  • 322 Lucas Ave

  • 0.83 miles

  • Public District Grades 9-12

school-card-donut-779922
2
/10

  • Contreras Learning Center-Los Angeles School of Global St

  • 322 Lucas Ave

  • 0.83 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,170. Typical income of Los Angeles, CA residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 128 N Alvarado St

What is the listing price of this property?

The listing price of 128 N Alvarado St property is $1,030,000.

What type of property is this?

The property 128 N Alvarado St is a house located in Los Angeles, California, 90026.

Is this property for sale now?

Active Listing: 128 N Alvarado St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 128 N Alvarado St are:
Rosemont Avenue Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Sal Castro Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Belmont Senior High School: GreatSchools Rating 3/10
Contreras Learning Center-Academic Leadership Community: GreatSchools Rating 3/10
Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,595 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 13, 2005 for $640,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 128 N Alvarado St has 6 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 128 N Alvarado St is 3,080 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 128 N Alvarado St is 1918.

Rocket Homes›California›Los Angeles County›Los Angeles›90026›128 N Alvarado St

This home is located at 128 N Alvarado St in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This 3,080 square foot home, which was built in 1918, sits on a 0.11 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $1,030,000.

In September 2024 more than 532 listings in Los Angeles, CA were sold above the asking price. During the same period more than 180 listings were sold at asking price, while more than 619 were sold below. The number of homes for sale in Los Angeles, CA increased by 10.6% between August 2024 and September 2024. The median list price of listings available in September 2024 was $1,012,476, while the average time on the real estate market was 36 days.

From Rocket Homes Real Estate and based on county public records data.

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