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415 S Alvarado St

Los Angeles, CA 90057
  • $7,990,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: 22-199856
UPDATED: 34 min ago
$7,990,000
  • 0
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

We are proud to exclusively present for sale a portfolio of four adjacent properties with tremendous redevelopment potential just north of MacArthur Park. Currently consisting of a 16 Unit Apartment Building, a Duplex, an SFR (Vacant, In Demolition) and Boarding House that was converted to six SRO units, the four properties boast a combined 30,250 SF of land, 30,000 SF of C2-1 & 250 SF of R4-2 TOC Tier 3, Opportunity Zone land. OPTION 1: Keep Existing 16 Unit as Value-Add Play & Develop 22,500 SF of C2-1, TOC TIER 3, Opportunity Zone Land into 97 Units or 103 Affordable Units. OPTION 2: Develop all 4 adjacent parcels, 30,000 SF of C2-1 & 250 SF of R4-2, TOC TIER 3, Opportunity Zone Land into 128 units or 137 Affordable Units. ZONING: - No Overlay Zones (no CDO, no CPIO overlay requirements). - No Historical Issues. - No Specific Plan Requirements. LOCATION: - Distance to Metro Station: 1 block / 6 minute walk. - Centrally located: 7 minute drive or 9 minute Metro ride to Downtown Los Angeles & 30 minute drive to Santa Monica. - Alvarado Street is a major corridor with unparalleled visibility will ensure speedy lease-up of units. Listing Includes 4 APNs and 4 Addresses: 415, 417, 419 & 427 S. Alvarado St., Los Angeles, CA 90057. 5154-031-004, 5154-031-005 & 5154-031-006, 5154-031-016.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-10-01T19:43:03.513. 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/133090351
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415 S Alvarado St Los Angeles, CA 90057

  • Price: $7,990,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 34 min ago
  • ID#: 22-199856
0
Beds
0
Baths
0
½ Baths
0.69
Acres
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
We are proud to exclusively present for sale a portfolio of four adjacent properties with tremendous redevelopment potential just north of MacArthur Park. Currently consisting of a 16 Unit Apartment Building, a Duplex, an SFR (Vacant, In Demolition) and Boarding House that was converted to six SRO units, the four properties boast a combined 30,250 SF of land, 30,000 SF of C2-1 & 250 SF of R4-2 TOC Tier 3, Opportunity Zone land. OPTION 1: Keep Existing 16 Unit as Value-Add Play & Develop 22,500 SF of C2-1, TOC TIER 3, Opportunity Zone Land into 97 Units or 103 Affordable Units. OPTION 2: Develop all 4 adjacent parcels, 30,000 SF of C2-1 & 250 SF of R4-2, TOC TIER 3, Opportunity Zone Land into 128 units or 137 Affordable Units. ZONING: - No Overlay Zones (no CDO, no CPIO overlay requirements). - No Historical Issues. - No Specific Plan Requirements. LOCATION: - Distance to Metro Station: 1 block / 6 minute walk. - Centrally located: 7 minute drive or 9 minute Metro ride to Downtown Los Angeles & 30 minute drive to Santa Monica. - Alvarado Street is a major corridor with unparalleled visibility will ensure speedy lease-up of units. Listing Includes 4 APNs and 4 Addresses: 415, 417, 419 & 427 S. Alvarado St., Los Angeles, CA 90057. 5154-031-004, 5154-031-005 & 5154-031-006, 5154-031-016.
Exterior Features

Cross Streets 6th And Alvarado Lot Size Area 30250 Road Frontage 200 Feet View Description OtherCityLake View YN Yes

Property Features

Cable YN Yes Potential Usage Opportunity Zone Land into 97 Units Or 103 Affordable Units Present Use Rental Units Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Zoning C2-1 Tier 3

Listing provided courtesy of Dario Svidler DRE#01884474 of Keller Williams Beverly Hills: 310-432-6400.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-10-01T19:43:03.513. 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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