Built in 2021, 426 N Alexandria Ave is luxury boutique located in the vibrant culture of Hollywood and Koreatown and features full-circle views of Los Angeles with conveniences to delicious food, nightlife, and easy access to grocery stores and pharmacies.

The property is comprised of 8 fully-furnished 5 bedroom and 5 bathroom rooms designed for comfort, convenience, and community. The property features 40 private rooms with private baths alongside 15 parking spaces (7 standard, 7 compact, and 1 disabled), in-unit washers and dryers, stainless steel appliances, European designed cabinetry, balconies and reserved parking, stylish flooring, mobile-friendly thermostats, central AC, balconies and reserved parking.

The entire building is master-leased to a seasoned Co-Living Operator who’s lease commenced in November, 2023 and matures in 2029. The 2024 monthly annual rent is $49,400 starting March 1, 2024, rending this a 5.8% cap rate through the end of 2025. Additional rent escalations in future years are tied to market conditions.

Tenants enjoy a private room with a bathroom in a luxury boutique building with a queen size bed. All utilities are already connected, including high-speed internet. There is a 360-degree view of the city from a furnished rooftop in a location with a “walking score of 85”. 426 North Alexandria Avenue is a nine-minute walk from the Metro B Line (Red) at the Vermont / Beverly Station stop. Nearby parks include Lemon Grove Park, Shatto Recreation Center, and South Serrano Avenue Historic District. The Property is centrally located in Melrose Hill and a short distance away from Larchmont, Downtown, and Hollywood.

Property Features:

Purchase Price: $10,225,000
Price Per Room: $255,625
Price Per Sq.Ft.: $611.18
Number of Rooms: 40
Proforma Cap Rate: 5.11%
Number of 5 Bed/5 Bath Rooms: 5
Building Size: ±16,730 Sq. Ft.
Land Area: ±7,474 Sq. Ft.
Gross Income: $543,400/year
Parking: 15 Spaces
Year Built: 2021

Property Highlights: 

  • 40 fully furnished rooms with private bathrooms and natural light
  • Built in 2021
  • Controlled Access 
  • Pet-friendly communities 
  • 15 parking spaces in a gated and subterranean garage 
  • Community rooftop sky deck with BBQ grill station, picnic tables, and parasols 
  • Central A/C & smart thermostats
  • Quartz countertops 
  • Two-tone cabinetry 
  • Stainless steel appliances: range, oven, microwave, refrigerator, freezer, dishwasher 
  • Washer/Dryer in units 
  • High speed internet 
  • Private roomss equipped with: Queen size bed, a floor length mirror, a bedside table and lamp, and a desk with a chair. 

Area Sq-ft

Property ID

426 Alexandria Avenue, Los Angeles, CA_sale

Property Type



16730 Sq-ft

Built in



For Sale



Additional Features


los ángeles investment opportunity


los angeles multifamily for sale


maher commercial realty


multi-family income property


multifamily for sale


Oron Maher

Oron Maher

Director Broker

  • (310) 464-1453
Edmund Ha

Edmund Ha

Managing Director

  • 310-567-0077

More Properties


1715 14th Street, Santa Monica, CA 90404

1715 14th Street, Santa Monica, CA 90404


10389 Almayo Avenue, Los Angeles, CA 90064

10389 Almayo Avenue, Los Angeles, CA


8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002

8810 S. Central Avenue, Los Angeles, CA