634-640 Alvarado StLos Angeles, CA 90057

This exceptional 33,291 square foot storefront property, located at 634-640 S. Alvarado Street in Los Angeles, CA 90057, presents a unique investment opportunity. Built in 1925, this multi-tenant retail space boasts a Modified Lease type and sits on a 0.478-acre lot (APN: 5141-001-037). The property is zoned C2-2 and C4-2; Tier 4 TOC, making it ideally suited for a variety of retail uses. Its prime location in the rapidly developing Westlake neighborhood offers unparalleled access to public transportation, with a Walk Score of 95 and a Transit Score of 85. The Westlake/MacArthur Park MetroRail Station is conveniently located just half a block away. The area is experiencing significant residential growth, with 17 residential projects totaling 1,027 units currently under construction and an additional 413 units delivered in the past 12 months. Despite this new construction, retail vacancy remains in the low single digits, indicating a robust and highly desirable submarket. The property's prominent location across from MacArthur Park and one lot north of Wilshire Boulevard ensures high visibility and pedestrian traffic. This 1031 exchange eligible property offers a compelling investment prospect in a thriving Los Angeles neighborhood, just one mile from Downtown. The price per square foot is $165.21.