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- LoopNet Team
1132 S Alvarado St
Los Angeles, CA 90006
Pico Union C-2 Lot · Land For Sale · 0.22 AC
Investment Highlights
- A 9,381 SF development opportunity at 1132 S Alvarado St that is zoned C2-1-HPOZ in a Tier 2 TOC
- The subject property is a vacant lot with no tenant relocation required
- At the asking price, the property is being offered at a low price per SF of $117
- Property is located on the main thoroughfare between W 11th St & W Pico Blvd in the center of the Pico Union, Westlake, and Koreatown neighborhoods
- Opportunity to build 24 units by-right and up to 39 units by utilizing the TOC benefits
- Located one mile from the Crypto.com Arena and Los Angeles Convention Center; high walk score of 94 with retail amenities on W Pico Blvd & S Hoover St
PROPERTY FACTS
| Property Type | Land | Proposed Use | Parking Lot |
| Property Subtype | Commercial | Total Lot Size | 0.22 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Parking Lot |
| Total Lot Size | 0.22 AC |
Description
A 9,381 SF development opportunity at 1132 S Alvarado St that is zoned C2-1-HPOZ in a Tier 2 TOC; the property is located on the main thoroughfare between W 11th St & W Pico Blvd in the center of the Pico Union, Westlake, and Koreatown neighborhoods. The subject property is a vacant lot with no tenant relocation required, and the ability to build 24 units by-right and up to 39 units by utilizing the TOC benefits. At the asking price, the property is being offered at a low price per SF of $117. The property can be sold with the adjacent 24-unit apartment building (APN: 5136-019-013) that will be delivered 100% vacant. The property is located one mile from the Crypto.com Arena and Los Angeles Convention Center; high walk score of 94 with retail amenities on W Pico Blvd & S Hoover St; walking distance to numerous Metro rail and bus line stops. A central location with an easy commute to many parts of the city via the 110 and 10 Freeways; the subject property is in the middle of high-growth neighborhoods (Pico Union, Westlake, and Koreatown) where the rental market continues to thrive.
PROPERTY TAXES
| Parcel Number | 5136-019-023 | Improvements Assessment | $0 |
| Land Assessment | $999,600 | Total Assessment | $999,600 |
PROPERTY TAXES
zoning
| Zoning Code | C2-1-HPOZ - Tier 2 |
| C2-1-HPOZ - Tier 2 |
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