616 N Alvarado Los Angeles, CA 90026

Listing office PRIME ROCK REALTY m***@primerockrealty.com Show Phone

Listing date Mar 27, 2026

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Investment Insights

Based on property information with market context.

This 5,863 square foot site, zoned CM/CR, presents an exceptional Tier 1 Transit Oriented Communities (TOC) development opportunity in the heart of Echo Park. The property's TOC designation allows for increased density, with the potential to develop up to approximately 20 units; the buyer is responsible for verifying this potential. Ownership has secured a Letter of Determination for a smaller project, providing a clear path forward while preserving optionality for a larger-scale development. The property will be delivered vacant with no existing structures, eliminating demolition costs and allowing for a more efficient development timeline. The location is surrounded by ongoing development, creative office spaces, and strong retail and hospitality options. It is situated minutes from Echo Park Lake and The Echo, with close proximity to Silver Lake, supporting strong rental demand and long-term growth.

Key Highlights

• Tier 1 TOC designation allows for increased density. Potential to develop up to approximately 20 units.
• Prime Echo Park location near Echo Park Lake and Silver Lake, supporting strong rental demand.
• Zoned CM/CR, offering a high‑yield multifamily development opportunity.

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FAQs

What type of property is this?

Commercial land - Tier 1 TOC development site in prime Echo Park location.

Where is this commercial land located?

The property is located at 616 N Alvarado Los Angeles, CA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Tier 1 TOC designation allows for increased density. Potential to develop up to approximately 20 units.; Prime Echo Park location near Echo Park Lake and Silver Lake, supporting strong rental demand.; Zoned CM/CR, offering a high‑yield multifamily development opportunity.