John E Burge

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178 Alexandria AvenueLos Angeles, CA 90004

Multi-Family · 13,787 Sq. ft. | 0.18 Acres
$6,998,000 Active

178 Alexandria Avenue Overview

Time on Site:
168 days
Visits:
1

Modern 14-Unit Apartment Complex | Built 2020 | Prime Koreatown Location An exceptional opportunity to acquire a newer construction multifamily asset in the heart of Los Angeles. Located at 178 Alexandria Avenue, Los Angeles, CA 90004, this well-maintained 14-unit apartment complex, built in 2020, offers an ideal blend of modern design, strong unit mix, and long-term investment stability. The property features a desirable unit composition of four (4) spacious 2-bedroom, 2-bath units and ten (10) 1-bedroom, 1.5-bath units, thoughtfully designed to attract today's renters. All units offer contemporary layouts with modern finishes, maximizing tenant appeal and rental potential. The building includes a secure attached garage with 14 on-site parking spaces, a rare and highly sought-after amenity in this central Los Angeles location. Constructed with newer systems and infrastructure, the property benefits from strong operational efficiency. Situated near Koreatown, Downtown Los Angeles, and major transit corridors, the location provides excellent access to employment centers, dining, shopping, and entertainment, supporting consistent tenant demand. This turnkey asset presents an outstanding opportunity for investors seeking a newer construction multifamily property with upside potential in one of Los Angeles most dynamic rental markets.

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178 Alexandria Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 13,787
  • Price/Sq.ft. $508
  • Lot 0.18 Acres

Details

General

Association/HOA

  • Common Interest: Community Apartment

Income/Expenses

  • Other Expense: 4860.0
  • Gross Income: 396446.0
  • Gross Scheduled Income: 396446.0
  • Insurance Expense: 11186.0
  • Maintenance Expense: 10388.0
  • Net Operating Income: 249629.0
  • Operating Expense: 146817.0
  • Water Sewer Expense: 26420.0

Building Information

  • New Construction: No
  • Year Built: 2020

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C17 - Mid-Wilshire
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Street Lights,Suburban,Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: 92740.0
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 5518012038
  • Property Condition: Updated/Remodeled,Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: LAR3

Interior

Parking Information

  • Garage Spaces: 14.0
  • Garage: Yes

Building Interior

  • Building Area Total: 13787.0
  • Building Area Units: Square Feet

General Information

  • Appliances: Dishwasher,Gas Oven
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Flooring: Laminate,Tile
  • Interior Features: Elevator,Quartz Counters,Recessed Lighting
  • Laundry Features: Laundry Closet
  • Security Features: Security System
  • Stories Total: 4
  • Window Features: Double Pane Windows

Exterior

Parking Information

  • Parking Total: 14.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Acres: 0.1846
  • Lot Size Area: 8040.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8040.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Architectural Style: Contemporary
    • Property Attached: Yes

    General Information

    • Fencing: None
    • Number Of Units Leased: 11
    • Number Of Units Total: 14
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer
    • Utilities: Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available

    178 Alexandria Avenue Neighborhood

    Community

    90004 (Los Angeles) Demographics

    35
    Median Age
    20,047
    Population Density (per sq. mile)
    41%
    College Educated
    $52,775
    Estimated Median Income
    3,781
    Estimated Total Home Owners
    18,747
    Estimated Total Renters
    17% / 83%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    178 Alexandria Avenue Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    178 Alexandria Avenue Market Data

    Based on the last 30 days in this zip code

    $2,458,221
    Average List Price
    $935
    Average Price per Square Foot
    13
    Properties Sold
    96
    Average Days on Market
    270
    Properties for Sale
    Calculations provided by Reliance Network

    178 Alexandria Avenue History

    Date Event Value Agent
    6/1/2026Source: CRMLS Price Reduction
    $6,998,000 -3.5%
    6/1/2026Source: CRMLS Price Reduction
    $6,998,000 -3.5%
    2/2/2026Source: CRMLS Price Reduction
    $7,250,000 -2.7%
    2/2/2026Source: CRMLS Price Reduction
    $7,250,000 -2.7%
    1/12/2026Source: CRMLS Added to Database
    January 12, 2026
    1/8/2026Source: CRMLS Added to Database
    January 08, 2026
    Listing provided courtesy of JohnHart Real EstateRaffi Soualian- MLS# GD26007787MLS ProviderContact Information: [email protected] - 818-246-1099
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