324 South Alvarado Street
324 South Alvarado Street
$2,100,000
7,725 / 0.18
Sold 8/1/22
Description
Presenting this 0.17-Acre development opportunity nestled right within one of the most diverse and transit-oriented neighborhoods in Los Angeles. The property sits upon a 7,725-square foot opportunity zone lot. There is an opportunity to develop the property into approximately 34 units. The property is located in a Transit Oriented Community Tier 3 zone. Immediately adjacent to the building is a fourteen-space parking lot for easy and convenient parking. The price per land SF is $278. This property...Presenting this 0.17-Acre development opportunity nestled right within one of the most diverse and transit-oriented neighborhoods in Los Angeles. The property sits upon a 7,725-square foot opportunity zone lot. There is an opportunity to develop the property into approximately 34 units. The property is located in a Transit Oriented Community Tier 3 zone. Immediately adjacent to the building is a fourteen-space parking lot for easy and convenient parking. The price per land SF is $278. This property is 100 percent vacant and will be delivered vacant upon the close of escrow. The key features of this property are the close proximity to the Westlake/Macarthur Park Station, which is just a short walking distance away. From the property the station can be reached in ten minutes. As a result of the close proximity to the Westlake/Macarthur Park Station, the property enjoys constant high foot traffic and a close proximity to major retailers, hotel chains, and restaurants. Contact listing agent for offering memorandum.
- Listed by Jacob Kesherim • DRE #01928381 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 324 South Alvarado Street
Water Front
None
ZoningLAC2
Parcel Number5154028005
AreaDowntown L.A. (C42)
Lot Size Area7725
Source Lot Size AreaAssessor
Present UseVacant Retail Building
Potential UsageDevelopment Potential
Location
LISTING UPDATED: 08/21/2022 01:17 PM
Property Details for 324 South Alvarado Street
Status | Sold |
---|---|
MLS # | 22-146633 |
Days on Market | 101 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.18 AC |
County | Los Angeles County |
Location
Building Information for 324 South Alvarado Street
Lot Size0.18 AC
Payment Calculator
$13,643 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 324 South Alvarado Street
Property History for 324 South Alvarado Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 324 South Alvarado Street
Taxable ValueLand$1,800,000Additions$300,000Total$2,100,000
Tax Record2023$26,183 ($2,182 / month)
Home Facts
Total Finished SqFt2,950 SqFtAbove Grade Finished SqFt2,950 SqFtStories1Lot Size7,725 SqFtStyleStoresYear Built1948ZoningLAC2CountyLOS ANGELESAPN5154-028-005
Schools near 324 South Alvarado Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Union Avenue Elementary School PublicK to 5 | ||
John H. Liechty Middle School Public6 to 8 | ||
Academic Leadership Community School Public9 to 12 | ||
Contreras Learning Center-School Of Social Justice 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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