Shovel-Ready Multifamily Development
707-711 North Alvarado Street Los Angeles, CA 90026
New
707-711 North Alvarado Street, Los Angeles, CA, 90026
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For Sale
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Pending
Fully entitled, shovel-ready multifamily site for 75 units on a half-acre with existing medical office, parking, and residence.
Lot Size0.50 Acres
Days on Market2
Property Features for 707-711 North Alvarado Street
General Information
- Standard status
- Pending
- Lot size
- 0.50 Acres
- Property subtype
- Multifamily, Land
Listing agency
Charles Dunn Real Estate Services Inc Los Angeles Downtown / Headquarters
Listed by
Albert Shilton · License #CA 00980176
Source
Crexi
Added: Jul 21 Updated: Jul 22 at 3:13PM Checked: Jul 22 at 3:13PM
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 Charles Dunn Real Estate Services Inc Los Angeles Downtown / Headquarters
Investment Insights
Based on property information with market context.
This fully entitled, shovel-ready multifamily development site totals approximately half an acre and is designed for a 75-unit project. The plan is comprised of two adjacent projects: a 67-unit development and an 8-unit development across four adjacent parcels. The site is currently occupied by a 9,488 SF medical office building, a parking lot, and a single-family residence.
Construction-related due diligence is in progress, including a completed Phase I geotechnical report, traffic study, and ALTA survey, with the MND currently in process. The current NOI is approximately $8,500 per month, and the existing tenants are either month-to-month or have development clauses allowing the landlord to terminate the leases.
The proposed unit mix includes 23 singles, 48 1+1 units, and 4 2+2 units. Many of the single units are substantially oversized and can be used as 1+1 units with the addition of a removable partition. The site is just north of the 101 Freeway and south of Sunset Boulevard, with a walking score of 89 out of 100. The Metro Red Line and Metro Purple Line are about 1.3 miles away.
Construction-related due diligence is in progress, including a completed Phase I geotechnical report, traffic study, and ALTA survey, with the MND currently in process. The current NOI is approximately $8,500 per month, and the existing tenants are either month-to-month or have development clauses allowing the landlord to terminate the leases.
The proposed unit mix includes 23 singles, 48 1+1 units, and 4 2+2 units. Many of the single units are substantially oversized and can be used as 1+1 units with the addition of a removable partition. The site is just north of the 101 Freeway and south of Sunset Boulevard, with a walking score of 89 out of 100. The Metro Red Line and Metro Purple Line are about 1.3 miles away.
Key Highlights
- Fully entitled, shovel‑ready 1/2‑acre multifamily development site for a total of 75 units
- Two adjacent projects: 67 units on Alvarado Street and 8 units on Kent Street
- Site includes four adjacent parcels and is currently improved with a 9,488 SF medical office building, parking lot, and single‑family residence
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully entitled, shovel-ready multifamily site for 75 units on a half-acre with existing medical office, parking, and residence.
Where is this apartment building located?
The property is located at 707-711 North Alvarado Street Los Angeles, CA.
What are key features of this property?
This property features: Fully entitled, shovel‑ready 1/2‑acre multifamily development site for a total of 75 units; Two adjacent projects: 67 units on Alvarado Street and 8 units on Kent Street; Site includes four adjacent parcels and is currently improved with a 9,488 SF medical office building, parking lot, and single‑family residence
