327 S. ALEXANDRIA AVE
KOREATOWN

20 Units + 4 ADU Units
Conversion In-Process

Property

UNITS

NON CONFORMING

BUILDING SF

LOT SF

YEAR BUILT

PARKING

Summary

4 Non-Conforming Bachelor Units (ADU Conversion in Process)

15,940

14,883

1956

26 Subterranean

Summary

Overview

The Property

KW Commercial, as the exclusive listing agents, are pleased to 327 S Alexandria Avenue, a 20-Unit apartment community located in the heavily sought-after 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.

Opportunity

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.

Accessibility

Koreatown / Wilshire Center is a regional commercial center with approximately 100 acres and over 37 million square feet of building area. Its population density is the highest in Los Angeles County, with over 42,600 residents per square mile.