Shovel-Ready Multifamily Development
For Sale
Contact for pricing
Pending
707-711 North Alvarado Street, Los Angeles, CA 90026
Fully entitled, shovel-ready multifamily site for 75 units on a half-acre with existing medical office, parking, and residence.
Property SizeContact for details
Lot Size0.50 Acres
Days on Market24
Property Features for 707-711 North Alvarado Street
General Information
Standard status
Pending
Lot size
0.50 Acres
Property subtype
Multifamily, Land
Additional Details
Highway Access
Yes
Multifamily Units
75
Listing Agency:
Charles Dunn Real Estate Services Inc Los Angeles Downtown / Headquarters
Listed By:
Albert Shilton · License #CA 00980176
Source:
Crexi
Added: Jul 21
Changed: Jul 22
Last Checked: Aug 12 at 10:28AM
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
Current Use
Lease Details
75
Residential units
Yes
Highway access
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
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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
