900 N Alvarado St Los Angeles, CA 90026
Prime double lot in Echo Park, Los Angeles for multifamily development.
Property Features for 900 N Alvarado St
General Information
- Standard status
- Active
Source:
Corcoran
Listing Agent: Neema Ahadian
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Echo Park Multifamily Development Opportunity
Located in the Echo Park neighborhood of Los Angeles, the property at 900-906 N Alvarado St presents a multifamily development opportunity. The site is situated between Sunset Blvd and the 101 Freeway, approximately two blocks from Echo Park Lake. The property spans a 15,000 SF lot zoned C2-1VL RD2-1VL within a Tier 2 TOC. The site has over 100 feet of frontage on a street with a traffic volume exceeding 33,000 vehicles daily. Investors can leverage the TOC density increase to construct up to 47 units. Preliminary plans exist for a project that includes two levels of subterranean parking; developers could potentially eliminate parking requirements via AB 2097. The property also holds potential for unlimited density under AB 2345 and expedited entitlements through Executive Directive 1, particularly if pursuing a 100% affordable housing project. The property has a Walk Score of 93, is 1.5 miles from the Metro Red Line, and is within walking distance of multiple Metro Local Line bus stops along N Alvarado St. Its central location provides convenient access to Downtown Los Angeles, Koreatown, Westlake, and Silver Lake. Retail options are within walking distance along Sunset Blvd and the LA Downtown Medical Center. Several new developments are under construction nearby, including 2225W Sunset Blvd (176 units), 3004 W Sunset Blvd (74 units), and Inspire Echo Park at 355 Glendale Blvd (90 units).
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
United Independent Taxi
Taxi Service
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.26456
- Latitude
- 34.0755
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FAQs
What type of property is this?
Commercial land - Prime double lot in Echo Park, Los Angeles for multifamily development.
Where is this commercial land located?
The property is located at 900 N Alvarado St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: - Prime double lot (15,000 SF) multifamily development opportunity in highly desirable Echo Park.; - Zoned C2-1VL RD2-1VL within a Tier 2 TOC, allowing for potential construction of up to 47 units.; - High Walk Score of 93 and proximity to public transportation (Metro Red Line and bus lines).