900 North Alvarado Street

900 North Alvarado Street

Los Angeles, CA 90026

$3,795,000
Price
15,000 / 0.34
Lot Size / Acres
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Description

Reduced! We are proud to exclusively present for sale a designer Construction Project in Echo Park, two blocks to the Echo Park Lake! Meticulously designed to be the stand-out of the area, this 47 Unit + 5 ADU Potential Project will have the bells and whistles that demanding tenants expect from a Class A design! With a high barrier to entry and rents close to $6 PSF, this is a great pocket to build in! With a planned Recreation Room, a Co-Working Room, a Leasing Office, a Bike Room and comfortable...Reduced! We are proud to exclusively present for sale a designer Construction Project in Echo Park, two blocks to the Echo Park Lake! Meticulously designed to be the stand-out of the area, this 47 Unit + 5 ADU Potential Project will have the bells and whistles that demanding tenants expect from a Class A design! With a high barrier to entry and rents close to $6 PSF, this is a great pocket to build in! With a planned Recreation Room, a Co-Working Room, a Leasing Office, a Bike Room and comfortable lobby, none of these rooms would be taken to convert the additional space to Accessory Dwelling Units; each floor has a "Community Room" that is planned for a potential ADU conversion. The design calls for every unit (except for the future ADUs) to have their own balcony or private patio, along with communal access to the fifth floor open space that will have an indoor lounge with bathroom. The Project will consist of mostly 1+1s, with eight 2+2s and one 3+2. All ADUs will be 1+1s. 5 units will be reserved for Extremely Low Income. The Project, so far, includes two levels of subterranean parking, and AB 2097 allows for the elimination of part or all parking levels to streamline construction and bring in the Project with significant savings. The property is in a tremendously pedestrian-friendly location; Walk Score calls the area a Walker's Paradise! With Vons, Lassens and the coming Sprouts Market a very short distance away, most day-to-day needs can be accomplished on foot. The Metro Subway Station is a short 30 minute walk, but the area is surrounded by buses and with very easy access to the 101 and 110 freeways. Come to Prime Echo Park, the center of a dining, nightlife, shopping and hospitality enclave that young professionals are looking for! Purchase this Project with 801 Alvarado St., a 55 Unit Project a block away.
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Almog Strikowski • DRE #01986816 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 900 North Alvarado Street

Zoning
C2-1VL & RD2-1VL Tier 2
Parcel Number
5404004026
Area
Silver Lake (671)
Lot Size Area
15000
Source Lot Size Area
Assessor
Present Use
Commercial Property.
Potential Usage
52 Unit Total Potential - 47 Units with 5 Possible ADUs
Assessor Parcel Number
5404-004-026

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816
Add your commute
LISTING UPDATED: 03/15/2024 01:57 PM

Property Details for 900 North Alvarado Street

StatusActive
MLS #24-346061
Days on Market109
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.34 AC
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816
Add your commute

Building Information for 900 North Alvarado Street

Lot Size0.34 AC

Payment Calculator

$23,525 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,711

Property Taxes

$2,814

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 900 North Alvarado Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Other, Lake, City
  • View: Lake, City Lights
Contract Info
Contract Info
  • Disclosures: As Is, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Other
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.34
  • Lot Size Square Feet: 15000
  • Lot Size Dimensions: 150x100
  • Source Lot Size Dimensions: Assessor
  • Telephone: 1.0
  • Cable: 1.0
  • Possible New Zone: 52+/- Unit Total Potential
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 01-10-2024

Property History for 900 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 900 North Alvarado Street

Taxable ValueLand$2,700,000Additions-Total$2,700,000
Tax Record2023$33,765 ($2,814 / month)
Home Facts
Total Finished SqFt6,089 SqFtAbove Grade Finished SqFt6,089 SqFtStories1Lot Size10,000 SqFtStyleOffice BuildingYear Built1953ZoningLAC2CountyLOS ANGELESAPN5404-004-026

Schools near 900 North Alvarado Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Camino Nuevo Charter Academy No. 4
Charter - K to 8
Virgil Middle School
Public - 6 to 8
Edward R. Roybal Learning Center
Public - 9 to 12
Miguel Contreras Learning Complex School
Public - 9 to 12
Rating
School
Distance
Camino Nuevo Charter Academy No. 4
CharterK to 8

Virgil Middle School
Public6 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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More information about 900 North Alvarado Street, Los Angeles, CA 90026

900 North Alvarado Street is a 0.34 ac of land for sale in Los Angeles, CA 90026. This property was listed for sale on January 10, 2024 by Keller Williams Beverly Hills, it's currently listed at $3,795,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Camino Nuevo Charter Academy No. 4, Virgil Middle School and Edward R. Roybal Learning Center. 900 North Alvarado Street is a 0-bed, 0-bath, 0.34 ac of land on a 15,000 sq. ft. / 0.34 acres lot.

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, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Almog Strikowski, DRE #01986816

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.