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1132 S Alvarado St

Los Angeles, CA 90006
  • $1,100,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: 22-216283
$1,100,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

A 9,381 SF development opportunity at 1132 S Alvarado St that is zoned C2-1-HPOZ in a Tier 2 TOC; the property is located on the main thoroughfare between W 11th St & W Pico Blvd in the center of the Pico Union, Westlake, and Koreatown neighborhoods. The subject property is a vacant lot with no tenant relocation required, and the ability to build 24 units by-right and up to 39 units by utilizing the TOC benefits. At the asking price, the property is being offered at a low price per SF of $117. The property can be sold with the adjacent 24-unit apartment building (APN: 5136-019-013) that will be delivered 100% vacant. The property is located one mile from the Crypto.com Arena and Los Angeles Convention Center; high walk score of 94 with retail amenities on W Pico Blvd & S Hoover St; walking distance to numerous Metro rail and bus line stops. A central location with an easy commute to many parts of the city via the 110 and 10 Freeways; the subject property is in the middle of high-growth neighborhoods (Pico Union, Westlake, and Koreatown) where the rental market continues to thrive.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-04T23:42:40.083. 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.realestatetoolbox.com/homes/134608066
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1132 S Alvarado St Los Angeles, CA 90006

  • Price: $1,100,000
  • Status: Active
  • On Site: 27 Days
  • ID#: 22-216283
0
Beds
0
Baths
0
½ Baths
0.22
Acres
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
A 9,381 SF development opportunity at 1132 S Alvarado St that is zoned C2-1-HPOZ in a Tier 2 TOC; the property is located on the main thoroughfare between W 11th St & W Pico Blvd in the center of the Pico Union, Westlake, and Koreatown neighborhoods. The subject property is a vacant lot with no tenant relocation required, and the ability to build 24 units by-right and up to 39 units by utilizing the TOC benefits. At the asking price, the property is being offered at a low price per SF of $117. The property can be sold with the adjacent 24-unit apartment building (APN: 5136-019-013) that will be delivered 100% vacant. The property is located one mile from the Crypto.com Arena and Los Angeles Convention Center; high walk score of 94 with retail amenities on W Pico Blvd & S Hoover St; walking distance to numerous Metro rail and bus line stops. A central location with an easy commute to many parts of the city via the 110 and 10 Freeways; the subject property is in the middle of high-growth neighborhoods (Pico Union, Westlake, and Koreatown) where the rental market continues to thrive.
Exterior Features

Lot Size Area 9381 View Description Other View YN Yes

Property Features

Cable YN No Sale Type Standard Source Lot Size Area Assessor Zoning C2-1-Hpoz

Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap: 310-909-5500.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-04T23:42:40.083. 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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