Transit-Adjacent Retail
For Sale
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515 S Alvarado Street, Los Angeles, CA 90057
Three-building retail center with existing improvements and direct access to nearby rail and bus service.
Property Size22,568 SF
Lot Size0.72 Acres
Days on Market143
Property Features for 515 S Alvarado Street
General Information
Standard status
Active
Size
22,568 SF
Total Parking Spaces
56
Lot size
0.72 Acres
Property subtype
Retail
Building Details
Year Built
1979
Buildings
3
Listing Agency:
Madison Partners
Listed By:
Bob Safai · License #CA 00978067
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 2:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Madison Partners
Investment Insights
Based on property information with market context.
This 0.72-acre shopping center includes an existing 22,568-square-foot retail center arranged across three buildings. Constructed in 1979, the property provides 56 surface and subterranean parking spaces and combines current retail improvements with a multifamily redevelopment concept.
The site is immediately adjacent to the Westlake/MacArthur Park light rail station and is served by numerous rapid bus lines. It is designated a TOC Tier 3 site, supporting density bonuses and reduced construction requirements under the stated transit-oriented framework. The property is positioned in Westlake, between Downtown Los Angeles and Koreatown.
The site is immediately adjacent to the Westlake/MacArthur Park light rail station and is served by numerous rapid bus lines. It is designated a TOC Tier 3 site, supporting density bonuses and reduced construction requirements under the stated transit-oriented framework. The property is positioned in Westlake, between Downtown Los Angeles and Koreatown.
Key Highlights
- 0.72‑acre shopping center site with an existing 22,568‑square‑foot retail center
- Three buildings constructed in 1979
- 56 surface and subterranean parking spaces
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,828
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90057, CA
45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Shopping center - Three-building retail center with existing improvements and direct access to nearby rail and bus service.
Where is this shopping center located?
The property is located at 515 S Alvarado Street Los Angeles, CA.
What are key features of this property?
This property features: 0.72‑acre shopping center site with an existing 22,568‑square‑foot retail center; Three buildings constructed in 1979; 56 surface and subterranean parking spaces
