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616 N Alvarado St

Los Angeles, CA 90026
  • $890,000
  • STATUS: Active
  • ON SITE: 82 Days
  • MLS #: 22-143444
UPDATED: 48 min ago
$890,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

I am proud to present 616 N Alvarado St, a 5,863 SF Tier 1 TOC LACM/CR zoned land 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 multifamily 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!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-27T06:42:52.797. 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.desertarealuxuryhomes.com/homes/127390306
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616 N Alvarado St Los Angeles, CA 90026

  • Price: $890,000
  • Status: Active
  • On Site: 82 Days
  • Updated: 48 min ago
  • MLS #: 22-143444
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
I am proud to present 616 N Alvarado St, a 5,863 SF Tier 1 TOC LACM/CR zoned land 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 multifamily 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 Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lacr/Lacm

Listing provided courtesy of Casey Lins DRE#01902650 of Kidder Mathews Of California, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-27T06:42:52.797. 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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