1600 North Alvarado Street

Los Angeles, CA 90026

$1,650,000
Price
—
Beds
2,344 Sq. Ft.
$704 / Sq. Ft.
2,344
Sq. Ft.
$704
per Sq. Ft.

Description

This is a great opportunity to acquire a commercial property (Mexican Restaurant) with 2 residential units in the heart of the Echo Park area. It is located on Alvarado Blvd. nearby Sunset Blvd. This property is also located in the PROPOSED mixed-use zoning(Buyer must verify zoning details with the City). Heavy daily traffic at a big street corner—lot 7561 sq ft.This is a great opportunity to acquire a commercial property (Mexican Restaurant) with 2 residential units in the heart of the Echo Park area. It is located on Alvarado Blvd. nearby Sunset Blvd. This property is also located in the PROPOSED mixed-use zoning(Buyer must verify zoning details with the City). Heavy daily traffic at a big street corner—lot 7561 sq ft.
  1. Listed by Jay Kang • DRE #01888004 • Brokerage DRE #01875092 • Bestway Realty • 213-923-6689

Property Details for 1600 North Alvarado Street

Total Units
3.0
Business Type
Restaurant
Lot Size Source
Assessor
Lot Size Dimensions
50X151
Building Area Total
2344
Building Area Units
Square Feet
Stories Total
1
Entry Level
1

Location

Listing Courtesy of Bestway Realty, Jay Kang, DRE #01888004
Add your commute
LISTING UPDATED: 02/05/2024 03:45 AM

Property Details for 1600 North Alvarado Street

StatusActive
MLS #PW23215785
Days on Market162
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1908
Lot Size0.17 AC / 7,561 SF
CountyLos Angeles County

Location

Listing Courtesy of Bestway Realty, Jay Kang, DRE #01888004
Add your commute

Building Information for 1600 North Alvarado Street

Stories1Residences-Year Built1908Lot Size0.17 AC / 7,561 SF

Payment Calculator

$10,263 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$1,258

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1600 North Alvarado Street

Income / Expense / Tax Details
Income Details
  • Cap Rate: 5.0
  • Current Financing: Other
Expense Details
  • Expense Year: $2,000
  • Insurance Expense: $2,000
  • Real Estate Tax Expense: $15,100
Tax / Assessment Info
  • Tax Year: 2022
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Cooling: Electric
  • Heating: Natural Gas
Exterior Features
  • Construction Materials: Brick, Stucco
  • Roof: Mixed, Shingle
  • Fence: Yes
  • Fencing: Average Condition, Partial
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 0-1 Unit/Acre
  • Current Use Comments: MEXICAN RESTAURANT + APT
  • Land Use: Multi-Family, Retail
  • Land Lease: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family, Retail
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $3,700
  • Unit Type Type: 1
  • Unit Type Description: RESTAURANT
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,700
  • Unit Type Type: 2
  • Unit Type Description: RESIDENCE
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $3,000
  • Unit Type Type: 3
  • Unit Type Description: RESIDENCE
Unit Information
  • Number Of Units Leased: 3
  • Number Of Buildings: 3

Property History for 1600 North Alvarado Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1600 North Alvarado Street

Taxable ValueLand$984,280Additions$218,727Total$1,203,007
Tax Record2023$15,101 ($1,258 / month)
Home Facts
Total Finished SqFt2,344 SqFtAbove Grade Finished SqFt2,344 SqFtStories1Lot Size7,559 SqFtStyleOffice BuildingYear Built1908ZoningLARD2CountyLOS ANGELESAPN5419-002-014

Schools near 1600 North Alvarado Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Logan Academy of Global Ecology
PublicK to 8

Edward R. Roybal Learning Center
Public9 to 12

Miguel Contreras Learning Complex School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1600 North Alvarado Street is a mixed use property for sale in Los Angeles, CA 90026. This property was listed for sale on November 22, 2023 by Bestway Realty, it's currently listed at $1,650,000. It has been on the market for a total of 162 days and was last sold on April 26, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Logan Academy of Global Ecology, Edward R. Roybal Learning Center and Miguel Contreras Learning Complex School. 1600 North Alvarado Street is a 0-bed, 0-bath, 2,344 sqft mixed use property built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bestway Realty, Jay Kang, DRE #01888004

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.