616 N Alvarado Street, Los Angeles, CA 90026
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$695,000
Est. payment /mo
5,865 Sqft Lot
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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL26668091

HOA Y/N No

Lot Size 5,865 Sqft

Acres 0.13

Property Sub-Type Unimproved Land

Property Description

Exceptional Tier 1 TOC development opportunity in the heart of Echo Park. Zoned CM/CR, this 5,863 SF site offers the ability to capitalize on Transit Oriented Communities incentives and deliver a high-yield multifamily project along a highly active corridor. Tier 1 TOC designation allows for increased density, with the potential to develop up to approximately 20 units (buyer to verify). Ownership has secured a Letter of Determination for a smaller project, providing a clear path forward while preserving optionality for a larger-scale development. The property will be delivered vacant with no existing structures, eliminating demolition costs and allowing for a more efficient development timeline.Prime Echo Park location surrounded by ongoing development, creative office, and strong retail and hospitality. Minutes to Echo Park Lake and The Echo, with close proximity to Silver Lake, supporting strong rental demand and long-term growth.

Location

State CA

County Los Angeles

Zoning LACR

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 5404011026


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Bridge MLS
Listed by Micah Hiller • Prime Rock Realty

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616 N Alvarado Street