324 South Alvarado Street

Los Angeles, CA 90057

$2,100,000
Last Sold Price
7,725 / 0.18
Lot Size / Acres

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.
  1. Listed by Jacob Kesherim • DRE #01928381 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 324 South Alvarado Street

Water Front
None
Zoning
LAC2
Parcel Number
5154028005
Area
Downtown L.A. (C42)
Lot Size Area
7725
Source Lot Size Area
Assessor
Present Use
Vacant Retail Building
Potential Usage
Development Potential

Location

Listing Courtesy of Keller Williams Beverly Hills, Jacob Kesherim, DRE #01928381

Sold By Keller Williams Beverly Hills, Jacob Kesherim, DRE #01928381

Add your commute
LISTING UPDATED: 08/21/2022 01:17 PM

Property Details for 324 South Alvarado Street

StatusSold
MLS #22-146633
Days on Market101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.18 AC
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Jacob Kesherim, DRE #01928381

Sold By Keller Williams Beverly Hills, Jacob Kesherim, DRE #01928381

Add your commute

Building Information for 324 South Alvarado Street

Lot Size0.18 AC

Payment Calculator

$13,643 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$2,182

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 324 South Alvarado Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: City
  • View: City Lights
  • Water: Meter on Property
  • Water District: LADWP
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Additional Parcel Number: No
  • Lot Acreage: 0.1773
  • Lot Size Square Feet: 7725
  • Lot Size Dimensions: 50x155
  • Source Lot Size Dimensions: Assessor
  • Lot Location: Alley Access, City
  • Telephone: 1.0
  • Cable: 0.0
  • Public Street: Yes
  • Assessments: None
  • Reports On File: None
  • Site Decription: City
  • Survey: Buyer Pays
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 04-14-2022
  • Listing Terms: All Inclusive Trust Deed

Property History for 324 South 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 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

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Keller Williams Beverly Hills, Jacob Kesherim, DRE #01928381

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.