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Land — 616 N Alvarado Street, Los Angeles, CA

$695,000

616 N Alvarado Street, Los Angeles, CA

$695,000 — 616 N Alvarado Street, Los Angeles, CA — photo 1 $695,000 — 616 N Alvarado Street, Los Angeles, CA — photo 2 $695,000 — 616 N Alvarado Street, Los Angeles, CA — photo 3 $695,000 — 616 N Alvarado Street, Los Angeles, CA — photo 4 $695,000 — 616 N Alvarado Street, Los Angeles, CA — photo 5
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About this property

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.

Property details

Property type
Land

Location

616 N Alvarado Street • Los Angeles, CA 90026

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Listed by

Micah Hiller · Prime Rock Realty

Listing courtesy of Prime Rock Realty. Information deemed reliable but not guaranteed.

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