Echo Park Development
For Sale
$695,000
616 N Alvarado, Los Angeles, CA 90026
Tier 1 TOC development site in prime Echo Park location.
Property SizeContact for details
Lot Size0.13 Acres
Days on Market143
Property Features for 616 N Alvarado
General Information
Standard status
Active
Lot size
0.13 Acres
Property subtype
Land or Vacant Lot
Listing Agency:
PRIME ROCK REALTY
(310) 953-4779
Listed By:
MICAH HILLER · License #02036690
Source:
Corcoran
Added: Mar 27
Changed: Aug 15
Last Checked: Aug 16 at 5:24AM
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 PRIME ROCK REALTY
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,550
Businesses Nearby
Explore this area
Business Placement
Demographics for 90026, CA
63,329
Population
28,632
Households
2.2
Avg Household Size
37
Median Age
47%
College-Educated
82%
High-School Grad
4.0 sq mi
ZIP Area
15,832
Density / Sq Mi
$85,835
Median Household Income
$47,600
Median Earnings
$1,822
Median Rent
$1,143,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
