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- LoopNet Team
417-419 S Alvarado St
Los Angeles, CA 90057
Build ±65 Units or ±69 Affordable Units · Land For Sale · 0.34 AC
Investment Highlights
- Opportunity Zone
- 150 feet of frontage and 150 feet deep!
- One Subway Stop to Downtown - or a 9 Minute Drive - Central to All!
- Build ±97 Units or ±103 Affordable Units or purchase with the lot next door and Build ±128-137 Units
- 6 Minute Walk to Metro Subway Station and 5 Minute Walk to MacArthur Park
- Walker’s Paradise with Excellent Transit
PROPERTY FACTS
Description
REDUCED $345K! Partners CRE are proud to present for 3 contiguous lots with tremendous redevelopment potential in the up and coming MacArthur Park / Westlake Area. High visibility Alvarado St. just a block away from MacArthur Park and the Metro Station, this property is central to all be it by car, foot or public transportation! Develop the ±22,500 SF of C2-1, TOC TIER 3, Opportunity Zone Land into ±97 Units or ±103 Affordable Units. No Overlay Zones, No Historical Issues, No Specific Plan. The property currently has 7 tenants. The SFR is vacant and in demolition. Centrally located: 7 minute drive or 9 minute Metro ride to Downtown Los Angeles & 30 minute drive to Santa Monica. Alvarado Street is a major corridor with unparalleled visibility — will ensure speedy lease-up of units. This listing includes the following APNs: 5154-031-004, 5154-031-005 & 5154-031-006. Sellers are open to ANY type of offer, one, two or three parcels.
PROPERTY TAXES
| Parcel Number | 5154-031-004 | Improvements Assessment | $53,060 |
| Land Assessment | $902,026 | Total Assessment | $955,086 |
PROPERTY TAXES
zoning
| Zoning Code | C2-1, TOC Tier 3 |
| C2-1, TOC Tier 3 |
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