Skip To Content

    616 N Alvarado St

    Los Angeles, CA 90026
    • $965,000
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: 21-705626
    Price Reduced
    UPDATED: 55 min ago
    $965,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    PRICE REDUCED - SUBMIT OFFERS. We are proud to present 616 N Alvarado St, a 5,863sf Tier 1 TOC LACM/CR zoned site. The site is primed for a local developer to take advantage of the TOC density bonus incentives while building a high yield new construction development that is located along the dynamic Alvarado St. Located along one of the up-and-coming corridors in the heart of Echo Park, the neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses placing a foothold in this proven marketplace. As a new development site, the land is zoned CM/CR and is situated within a Tier 1 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 20 units by utilizing the Tier 1 TOC density bonuses. The current owner has a Letter of Determination in hand for a smaller development. With no improvements currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. Multiple development projects are underway by prominent multi- family housing and creative office developers. 616 N Alvarado St central location will provide tenants the benefits of being within walking distance of one of Los Angeles' premier music venues (The Echo), numerous restaurants/bars/nightclubs, Echo Park Lake, and just a stones throw away from Silverlake!

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-12T19:42:51.457. 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/115116448
    Print Image

    616 N Alvarado St Los Angeles, CA 90026

    • Price: $965,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 21-705626
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    PRICE REDUCED - SUBMIT OFFERS. We are proud to present 616 N Alvarado St, a 5,863sf Tier 1 TOC LACM/CR zoned site. The site is primed for a local developer to take advantage of the TOC density bonus incentives while building a high yield new construction development that is located along the dynamic Alvarado St. Located along one of the up-and-coming corridors in the heart of Echo Park, the neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses placing a foothold in this proven marketplace. As a new development site, the land is zoned CM/CR and is situated within a Tier 1 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 20 units by utilizing the Tier 1 TOC density bonuses. The current owner has a Letter of Determination in hand for a smaller development. With no improvements currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. Multiple development projects are underway by prominent multi- family housing and creative office developers. 616 N Alvarado St central location will provide tenants the benefits of being within walking distance of one of Los Angeles' premier music venues (The Echo), numerous restaurants/bars/nightclubs, Echo Park Lake, and just a stones throw away from Silverlake!
    Exterior Features

    Lot Size Area 5863 View Description City View YN Yes

    Property Features

    Cable YN No Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lacm/Cr

    Listing provided courtesy of Casey Lins DRE#01902650 of Re/Max Estate Properties.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-12T19:42:51.457. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_21-705626-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_21-705626-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_21-705626-2.jpg
    Logo
    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211