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    222 N Alvarado St

    Los Angeles, CA 90026
    • $5,250,000
    • STATUS: Active
    • ON SITE: 92 days
    • MLS #: 21-678524
    UPDATED: 33 min ago
    $5,250,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    We are pleased to present a rare 60-unit RTI development opportunity located at 222 North Alvarado Street, in Los Angeles, California. The Site consists of 3 adjacent lots totaling 0.31 acres, or 13,707 square feet, and it is zoned R4-1, Tier 2 TOC and is ready-to-issue permits (RTI) for 60- 1 Bedroom / 1 Bathroom apartment units, with 6 of the units being designated for extremely low income (ELI). With a Walk Score of 85, the site is ideally located in a popular and dense rental market. The Offering is in excellent location sitting between Koreatown to the West, Chinatown to the East, Silver Lake to the North and Downtown Los Angeles to the South. The Site is central in location with ease of transit as it is blocks from the 101 Freeway which gives ease of access to both the 5 and 10 Freeways. Future residents enjoy the booming nightlife, dining and shopping of all Downtown has to offer.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-14T14:42:55.27. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/113163371
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    222 N Alvarado St Los Angeles, CA 90026

    • Price: $5,250,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 21-678524
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    We are pleased to present a rare 60-unit RTI development opportunity located at 222 North Alvarado Street, in Los Angeles, California. The Site consists of 3 adjacent lots totaling 0.31 acres, or 13,707 square feet, and it is zoned R4-1, Tier 2 TOC and is ready-to-issue permits (RTI) for 60- 1 Bedroom / 1 Bathroom apartment units, with 6 of the units being designated for extremely low income (ELI). With a Walk Score of 85, the site is ideally located in a popular and dense rental market. The Offering is in excellent location sitting between Koreatown to the West, Chinatown to the East, Silver Lake to the North and Downtown Los Angeles to the South. The Site is central in location with ease of transit as it is blocks from the 101 Freeway which gives ease of access to both the 5 and 10 Freeways. Future residents enjoy the booming nightlife, dining and shopping of all Downtown has to offer.
    Exterior Features

    Lot Size Area 13707 View Description None View YN No

    Property Features

    Cable YN Yes Sale Type Standard Site Description City Source Lot Size Area Builder Street Lights YN True Water Well YN False Zoning Lar4

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-14T14:42:55.27. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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