Los Angeles, CA 90057,155 S Alvarado St
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Los Angeles, CA 90057,155 S Alvarado St
Los Angeles, CA 90057,155 S Alvarado St
Los Angeles, CA 90057,155 S Alvarado St
Los Angeles, CA 90057,155 S Alvarado St
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$ 1,500,000
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Active

155 S Alvarado St Los Angeles, CA 90057

8 Beds

4 Baths

5,440 SqFt


UPDATED:

08/07/2024 12:29 AM

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


TheMLS (CLAW)
Listed by Keller Williams Beverly Hills

GET MORE INFORMATION

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Phone*

Message

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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