Located in one of the prime areas in Los Angeles, this property offers a fantastic investment potential. Situated in a sought-after location, it holds a C2-1 zoning and an impressive 8,150 sq ft lot. The possibilities here are endless. You have the option to add two additional ADUs (Accessory Dwelling Units) or completely redevelop the property. There is also an option to rehab the existing units and increase your income by a staggering 73%. What’s even better, this property qualifies for the Transit Oriented Communities (TOC) Tier 2 and Executive Directive 1 (ED 1) programs, making it an ideal choice for those interested in smart and sustainable development. The location itself is a dream. Nestled in the vibrant Westlake/Echo Park/Downtown area, you’ll have easy access to mass transit options, coffee houses, restaurants, bars, museums, theaters, galleries, parks, and everything else that L.A. has to offer. And let’s not forget about the breathtaking city and DTLA skyline views! Before making an offer, it’s important to conduct your due diligence.
Property Details
Price:
$1,500,000
MLS #:
24361639
Status:
Active
Baths:
0
Address:
155 S Alvarado Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Feb 29, 2024
State:
CA
ZIP:
90057
Lot Size:
8,153 sqft / 0.19 acres (approx)
Year Built:
1923
See this Listing
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Schools
Interior
Appliances
Dishwasher, Refrigerator
Fireplace Features
None
Heating
Forced Air
Interior Features
Ceiling Fan(s)
Window Features
Garden Window(s)
Exterior
Garage Spaces
4.00
Lot Features
Back Yard, Front Yard, Landscaped, Lawn, Value In Land, Yard, Rectangular Lot
Parking Features
Side by Side, Shared Driveway, Private, Paved, Assigned, Covered, Concrete, Driveway
Parking Spots
6.00
Pool Features
None
Security Features
Window Bars, Fire and Smoke Detection System, Gated Community
Sewer
Other
Spa Features
None
Stories Total
2
View
City Lights
Financial
Tenant Pays
Gas, Electricity, Cable T V
Map
Community
- Address155 S Alvarado Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
155 S Alvarado Street
Los Angeles, CA
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