155 S Alvarado Street Los Angeles, CA 90057
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site50 Days
- MLS StatusActive
- MLS ID Number24361639
- Home Size Source Assessor
- Year Built1923
- Lot Size0.1872 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style See Remarks
- Construction Stucco
- Parking Side by SideShared DrivewayPrivatePavedAssignedCoveredConcreteDriveway
- Parking Spaces 6
- Sewer Other
- Number of Stories 22
- Acreage 0.1872
- Security Window BarsFire and Smoke Detection SystemGated Community
- Garage Spaces 4
- Attached Garage No
- Zoning LAC2
- Listing Conditions Standard
- Property Condition Fixer
- Direction Faces East
Interior Features
- Heating Forced Air
- Appliances DishwasherRefrigerator
- Interior Ceiling Fan(s)
- Fireplace Features None
- Laundry Features None
- Window Features Garden Window(s)
- Fireplace No
Exterior Features
- View City Lights
- Spa No
- Pool Features None
- Spa Features None
- Lot Back YardFront YardLandscapedLawnValue In LandYardRectangular Lot
- Patio And Porch None
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.
- Security Features Window BarsFire and Smoke Detection SystemGated Community