341 South Alvarado Street is a 38 unit apartment building with 3 non conforming units consisting of (6) 2 bedroom 1 bath, (9) 1 bedroom 1 bath, and (26) Singles units, with an average of 735 square foot per unit. The Alvarado apartments is a 30,145 square foot five story building constructed in 1917 with reinforced brick, master metered for electric and gas. Units have been upgraded as tenants move out, with substantial additional upside in rents to be realized. Other upgrades to the building includes refinished original hardwood floors throughout the common areas and individual units, plumbing, and roof. *Additional Supplemental Financing available with current Lender.
Subject property is located in the heart of the Westlake District flanked by Koreatown to the West, Silver Lake to the North and Downtown to the East. Just north of Wilshire Bloulevard, the Ozmun Apartments is located just North of MacArthur Park and is just South of the St. Vincent Hospital. Close to many restaurants and shops; highly rated at 88 of 100 by walkscore.com due to it’s extremely central location.
Updated on March 6, 2017 at 3:03 pm
OZMUN APARTMENTS - 341 S. Alvarado St.
