327 S Alexandria Avenue, Los Angeles, CA 90020

327 S Alexandria Avenue is a 20-Unit apartment community located in the heavily sought-after Mid-Wilshire / Koreatown rental sub-market. As a bonus, there are also 4 non-conforming Bachelor apartment units that can be converted to ADUs with relative ease. The offering allows investors to acquire a stable asset in a premier Los Angeles rental market. 327 S Alexandria Avenue consists of twenty (20) spacious one-bedroom | one-bathroom units and four (4) non-conforming bachelor units. The non-conforming units have historically been operated as bachelor apartments and are at the tail-end of the ADU conversion process. The next operator will be able to complete the process and operate as a 24-unit apartment. The property consists of 15,940 SF of improvements on a 14,883 SF lot, zoned LAR4. The parking lot is subterranean and boasts 26 parking spaces in all.