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Art Deco Mixed-Use Building
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688 - 698 South Alvarado Street, Los Angeles, CA 90057

Two-story mixed-use building near MacArthur Park Metro Station.

Space SizeContact for details
Days on Market274

Property Features for 688 - 698 South Alvarado Street

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE LA
Listed By: Geoff Mullen · License #01966425
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 15 Last Checked: Aug 23 at 5:47AM

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 CBRE LA

Investment Insights

Based on property information with market context.

This two-story mixed-use building features Art Deco architecture. The property is well-suited for food, retail, and creative office uses. It is located on a prime corner at Alvarado Street and 7th Street, adjacent to the MacArthur Park Metro Station. Major housing developments are currently under construction nearby.

Key Highlights

  • Prime corner location at Alvarado & 7th
  • Adjacent to the MacArthur Park Metro Station
  • Major housing developments under construction nearby

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tanning Salon Veterinary Clinic Clothing & Fashion Store Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,696
Businesses Nearby

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

Lease Benchmarks for Los Angeles, CA

$34.76 /SF/Yr
Avg Asking Price
$5.45–$95.4 /SF/Yr
Price Range
7,673 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Two-story mixed-use building near MacArthur Park Metro Station.
Where is this retail space located?
The property is located at 688 - 698 South Alvarado Street Los Angeles, CA.
What are key features of this property?
This property features: Prime corner location at Alvarado & 7th; Adjacent to the MacArthur Park Metro Station; Major housing developments under construction nearby
More about this property
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