Description

329 N Alexandria Ave is a uniquely charming 8-unit Spanish bungalow-style property in the heart of East Hollywood. Built in the 1920s, this one-of-a-kind gem features four standalone bungalows with private yards and a fourplex, all situated on an 8,254 SF lot. The unit mix includes three two-bedroom / two-bath units, three one-bedrooms, and two studios. Four units have been thoughtfully remodeled with modern upgrades including: stylish kitchens with stainless steel appliances, mini-split HVAC systems, in unit washer dryer, updated plumbing and electrical, and a foundation retrofit. While four long-term tenant units offer excellent future value-add potential. Perched on a hill, the property boasts sweeping views of Silver Lake and Downtown LA, along with a peaceful courtyard and low-water landscaping. Parking is provided for five units, and the on-site garage offers potential for ADU conversion with the possibility to add up to eight additional units to the property (buyer to verify). Moments from Griffith Park, Echo Park Lake, and LA's top attractions, 329 N Alexandria Ave is a rare investment where classic LA character meets modern upside.