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417 S Alvarado St

Los Angeles, CA 90057
  • $5,495,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 22-200175
UPDATED: 42 min ago
$5,495,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

We are proud to present for 3 contiguous lots with tremendous redevelopment potential in the up and coming MacArthur Park / Westlake Area. High visibility Alvarado St. just a block away from MacArthur Park and the Metro Station, this property is central to all be it by car, foot or public transportation! Develop the 22,500 SF of C2-1, TOC TIER 3, Opportunity Zone Land into 97 Units or 103 Affordable Units. Bought with the available neighboring lot (which currently holds a 16 unit building), a Developer can build 128 units or 137 Affordable Units. No Overlay Zones, No Historical Issues, No Specific Plan. The property currently has 7 tenants. 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. This listing includes the following APNs: 5154-031-004, 5154-031-005 & 5154-031-006.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-25T19:42:53.317. 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/133127787
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417 S Alvarado St Los Angeles, CA 90057

  • Price: $5,495,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 42 min ago
  • ID#: 22-200175
0
Beds
0
Baths
0
½ Baths
0.52
Acres
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
We are proud to present for 3 contiguous lots with tremendous redevelopment potential in the up and coming MacArthur Park / Westlake Area. High visibility Alvarado St. just a block away from MacArthur Park and the Metro Station, this property is central to all be it by car, foot or public transportation! Develop the 22,500 SF of C2-1, TOC TIER 3, Opportunity Zone Land into 97 Units or 103 Affordable Units. Bought with the available neighboring lot (which currently holds a 16 unit building), a Developer can build 128 units or 137 Affordable Units. No Overlay Zones, No Historical Issues, No Specific Plan. The property currently has 7 tenants. 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. This listing includes the following APNs: 5154-031-004, 5154-031-005 & 5154-031-006.
Exterior Features

Lot Size Area 22500 View Description CityLakeOther View YN Yes

Property Features

Cable YN Yes Potential Usage Build +/-97 Units Or +/-103 Affordable Units Present Use 8 Tenancies in The Rental Units Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Zoning C2-1 Toc 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 2022-09-25T19:42:53.317. 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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