155 S Alvarado St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90057
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,440 sqft
Price per Sqft $275
MLS Listing ID 24-361639
Style Other
Bedrooms 8
Construction Status Tear Down, Value Mainly In Land, Fixer, Repair Cosmetic, Repairs Major
Year Built 1923
Annual Tax Amount $18,750
Tax Year 2024
Lot Size 8,153 Sqft
Acres 0.1872
Property Description
Located in one of the prime areas in Los Angeles, this property offers a fantastic investment potential. Situated in a sought-after location, it holds a C2-1 zoning and an impressive 8,150 sq ft lot. The possibilities here are endless. You have the option to add two additional ADUs (Accessory Dwelling Units) or completely redevelop the property. There is also an option to rehab the existing units and increase your income by a staggering 73%. What's even better, this property qualifies for the Transit Oriented Communities (TOC) Tier 2 and Executive Directive 1 (ED 1) programs, making it an ideal choice for those interested in smart and sustainable development. The location itself is a dream. Nestled in the vibrant Westlake/Echo Park/Downtown area, you'll have easy access to mass transit options, coffee houses, restaurants, bars, museums, theaters, galleries, parks, and everything else that L.A. has to offer. And let's not forget about the breathtaking city and DTLA skyline views! Before making an offer, it's important to conduct your due diligence.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAC2
Rooms
Other Rooms None
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplaces Type None
Equipment Refrigerator, Range/Oven, Freezer, Phone System, Dishwasher, Ceiling Fan, Cable, Antenna
Laundry None
Exterior
Garage Side By Side, Shared Driveway, Private Garage, Private, Driveway - Pavers, Garage Is Detached, Assigned, Covered Parking, Garage - 4+ Car, Driveway - Concrete, Driveway, Detached
Garage Spaces 6.0
Pool None
Amenities Available None
Waterfront Description None
View Y/N Yes
View Park, City, City Lights
Building
Lot Description Alley Paved, Back Yard, Front Yard, Fenced, Landscaped, Lawn, Redevelopment Area, Sidewalks, Single Lot, Tear Down On Lot, Utilities Underground, Value In Land, Yard, Walk Street, Street Lighting, Street Concrete, Street Asphalt, Storm Drains, Curbs, Gutters, Lot Shape-Rectangular
Story 2
Sewer In Street
Water In Street, Meter on Property, Water District
Architectural Style Other
Level or Stories Two
Structure Type Stucco
Construction Status Tear Down, Value Mainly In Land, Fixer, Repair Cosmetic, Repairs Major
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard