320 Alvarado

Los Angeles, CA, 90057

For Sale $3,650,000

18,195sqft
0.18acre

Shen Schulz (310) 980-8809shen@shenrealty.com

We are pleased to present 320 S Alvarado Street, a 35-unit multifamily investment opportunity located in the Westlake submarket of Los Angeles, just south of 3rd Street and two blocks from MacArthur Park. The property features a desirable unit mix consisting of three bachelor units, 29 singles, and three one-bedroom units, catering to strong rental demand in the area. Significant value-add opportunity with the majority of units rented below market, offering approximately 32% rental upside as units turn. Attractive basis with the property offered at $104,286 per unit and $201 per square foot, well below replacement cost for a centrally located Los Angeles asset. The property is within one mile of the Metro AE Rail Lines and steps from multiple Metro Local bus lines along S Alvarado Street. Proximity to major retailers and daily-needs amenities, including The Home Depot, Superior Grocers, Starbucks, and a variety of dining and service options along6th Street and 3rd Street. Strategically located with quick access to Downtown Los Angeles, Koreatown, and Hollywood, and close proximity to major lifestyle and employment drivers such as MacArthur Park, Echo Park, LA Live, and Dodger Stadium.

Get in touch

Interested in this property or one like it? Reach out today to talk with advertising agent Shen Schulz.

First name *

Last name *

Company/Organization

Email address *

Phone number

Enter your message here...

By checking this box and submitting your information, you agree to be contacted by Shen Realty via call, email, and text for real estate services. To opt out, you can reply “STOP” at any time or reply “HELP” for assistance. You can also click the unsubscribe link in our emails. Message and data rates may apply. Message frequency may vary. Data will not be sold or shared with third parties for promotional or marketing purposes. View our full Privacy Policy.

Listed by:

Neema Ahadian with Marcus & Millichap

(310) 909-5500

320 Alvarado is a Residential Income property located in Los Angeles, California, featuring a 0.182 acre lot, 18,195 sqft, MLS #26636721.

Based on information from one of the following Multiple Listing Services: CRMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Trestle and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements.

Data last modified: 2026-01-15 02:05:36