616 Alvarado Street
Los Angeles, CA 90026
0.13 acres | #25592473
Description
616 Alvarado -- Prime Echo Park Development Opportunity. Located at the gateway to Echo Park, just off Sunset Blvd on Alvarado, this completely vacant parcel is ready for a transformative development in one of Los Angeles' most vibrant and desirable neighborhoods. With a combination of CM-1VL-L and CR-1VL zoning, the site offers diverse development options and strong upside potential:11 units allowed by right, 3:1 FAR under the community plan for mixed-use projects, TOC incentives increase the potential to 18 units. Currently entitled with a TOC Letter of Determination for 12 units with a height increase. Adjacent to a paper alley, offering the opportunity to vacate and expand the lot size. Beyond the numbers, 616 Alvarado benefits from its unbeatable Echo Park location. Just minutes from Echo Park Lake, Sunset Blvd hotspots, and a quick drive to Downtown LA, Silver Lake, and Koreatown, the property is ideally positioned to attract future residents seeking the best of LA living walkable dining, eclectic shops, and a thriving creative community. This site is a rare opportunity to deliver a high-demand project in a neighborhood that continues to grow in both popularity and value.
Property Details
- ViewCityLights, Panoramic
- CountyLos Angeles
- Property TypePurchase
- Original List Price$849,000
- MLS #25592473
- MLS #25592473
- Acres0.1346
- Cost849000
- Property SubtypeLand
Location
Legal
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Last Updated:Â . Source: CRMLS
Provided By
Listing Agent: Marc 'Meir' Nemetsky (#CLW-C119391)
Listing Office: Power Brokers (#CLW-X75379)
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