27 days on rocket

808 Alandele Ave, Los Angeles, CA, 90036

$1,675,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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808 Alandele Ave, Los Angeles$1,675,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingGarage Faces Front, Garage
Garage3 spaces
Year Built1949
HeatingCentral
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #SR24188149
Lot Size0.13 Acres
StatusActive

About 808 Alandele Ave

Incredible Opportunity for a TIC Conversion, Owner/Users, Multiple Generations, or Investors to own a 3-unit property in the coveted Miracle Mile district. Significant value-add potential via interior/exterior updates or a TIC conversion. This is a value-add opportunity with 1 unit vacant and a possible second unit to be delivered vacant. This income property boasts a strong unit mix consisting of (1) a large 3 bedroom + 1.5 Bathrooms unit (approx. 1200 sq ft), (1) an upgraded 2 bedrooms + 1 bathroom (approx. 933 sq ft), and (1) 2 bedroom + 1 bathroom (approx. 1080 sq ft). The property has three 1-car garages and a dedicated laundry room for additional income. Hardwood flooring throughout with tons of midcentury charm. Triplex is located in an ‘A’ rental market that is consistently sought-after by high-income young professionals. Located moments from Museum Row, which includes LACMA, The Academy Museum of Motion Pictures, The Petersen Automotive Museum, and La Brea Tar Pits. There are endless opportunities for world-class shopping, dining, and entertainment options with a walk score of 91 (walker’s paradise) yet on a quiet street. A short distance away at The Grove/Farmer's Market, Beverly Center, Cedars-Sinai, and Koreatown. The property has easy access to UCLA, USC, Downtown LA, and the 10 Freeway. The Purple Line Subway station is close by and is scheduled to open in 2025. This line will go from Downtown to Westwood and will provide added value to the future property owner and the entire neighborhood. This is an ideal investment for an owner/user or operator seeking a single-family home or condo alternative. It is a stable investment opportunity with long-term wealth preservation and appreciation.

Property Details

Property Features

Property Information:

  • Year Built: 1949
  • Stories: 2

Listing Office:

  • Office Name: Equity Union
  • Office Phone: (310) 600-1829
  • Listing Agent: Natalie Alchadeff

Interior Features

Interior Information:

  • Flooring Type: Wood
  • Interior: Beamed Ceilings, Ceiling Fan(s), Multiple Staircases, Walk-In Closet(s)
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None
  • Exterior: Awning(s)

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Garage Faces Front, Garage

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Fairfax Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Ralph Waldo Emerson Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Carthay Center Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: Located within Los Angeles' famed Miracle Mile, North of W. Olympic Blvd, East of S. Fairfax Ave, this asset is situated in one of the city's most prestigious neighborhoods

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,675,000
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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

808 Alandele Ave vs Los Angeles

27 DAYS ON ROCKET

-9 Days

$1,675,000

+$662.5K More

KEY TAKEAWAY

This property is $662.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24188149

Listing Office:

  • Office Name: Equity Union
  • Office Phone: (310) 600-1829
  • Listing Agent: Natalie Alchadeff

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: 10/22/2024, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$8,427

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,088

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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-527165
5
/10

  • Carthay Center Elementary School

  • 6351 W Olympic Blvd

  • 0.67 miles

  • Public District Grades KG-6

school-card-donut-527166
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 1.78 miles

  • Public Magnet Grades KG-6

school-card-donut-527167
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 18.60 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-527168
6
/10

  • Ralph Waldo Emerson Middle School

  • 1650 Selby Ave

  • 4.50 miles

  • Public District Grades 6-8

school-card-donut-527169
4
/10

  • Studio

  • 2211 W Avenue 30

  • 7.56 miles

  • Public District Grades 6-8

High School

school-card-donut-527170
7
/10

  • Fairfax Senior High School

  • 7850 Melrose Ave

  • 1.59 miles

  • Public Magnet Grades 9-12

school-card-donut-527171
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 8.48 miles

  • Public Magnet Grades 9-12

school-card-donut-527172
7
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 12.25 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,341. The majority of Los Angeles, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90036›808 Alandele Ave

This home is located at 808 Alandele Ave in Los Angeles, CA and zip code 90036 in the Central LA neighborhood. This home, which was built in 1949, sits on a 0.13 acre lot. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $1,675,000.

In September 2024, from all listings sold in Los Angeles, CA there were more than 532 sold above asking price, over 619 sold below and more than 180 were sold right at the asked price. Between August 2024 and September 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.6%. In September 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $1,012,476.

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

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