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625 N Alvarado St
3,150 SF Retail Building Los Angeles, CA 90026 $1,695,000 ($538/SF)
Investment Highlights
- 3,150 RSF Freestanding Commercial Building
- Multiple Potential Uses: Flex, Retail, Medical Office, Creative Office
- Located in a Los Angeles Enterprise Zone allowing for a reduced parking requirement of 2.00/1,000 SF for all commercial uses
- Ample Secured Parking
- For Sale or For Lease
- Close proximity to a variety of retail & dining amenities
Executive Summary
Marcus & Millichap is pleased to present for sale or lease 625 N Alvarado St, in the heart of Echo Park, Los Angeles. This approximately 3,150 square foot retail building lends itself to many different uses - retail, flex, creative office, or medical office. The property is situated on a 0.16 AC lot and includes a secure gated parking lot. A brand-new roof was installed in 2023. The property has a great Walk score of 87 and is within close proximity to multiple transit options. The property is located in a Los Angeles Enterprise Zone allowing for a reduced parking requirement of 2.00/1,000 SF for all commercial uses.
The central location and quick freeway access make Echo Park a quintessential neighborhood for exploring, quickly shaping it as one of the most up-and-coming areas in the city. It continues to draw interest from predominately independently owned restaurants, bars, and boutiques, which make for eccentric and one-of-a-kind experiences. With adjacent access to the 101 Freeway, the subject property is less than 15 minutes to other major neighborhoods around Los Angeles such as: Hollywood, Downtown LA, Burbank, and Studio City.
Property Summary:
Gross Square Feet: 3,150 SF + Bonus ~900 SF Mezzanine
Property Type: Retail
Stories: 1
Power: To Be Verified
Clear Height: 8’ - 14’
Loading Door: 10’ x 10’
Year Built: 1951
Zoning: CM-IVL
Parking: ~10 Spaces | 3.17/1,000 SF*layer625 N ALVARADO ST
*Located in a Los Angeles state enterprise zone, allowing for a reduced parking requirement.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Fenced Lot
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Marcus & Millichap is pleased to present for lease 625 N Alvarado St, in the heart of Echo Park, Los Angeles. This approximately 3,150 square foot retail building lends itself to many different uses - retail, flex, creative office, or medical office. The property is situated on a 0.16 AC lot and includes a secure gated parking lot. A brand-new roof was installed in 2023. The property has a great Walk score of 87 and is within close proximity to multiple transit options. The property is located in a Los Angeles Enterprise Zone allowing for a reduced parking requirement of 2.00/1,000 SF for all commercial uses.
| Space | Size | Space Use | Position | Available |
| 1 | 3,150 SF | Office/Medical | - | Now |
1
| Size |
| 3,150 SF |
| Space Use |
| Office/Medical |
| Position |
| - |
| Available |
| Now |
1
| Size | 3,150 SF |
| Space Use | Office/Medical |
| Position | - |
| Available | Now |
Marcus & Millichap is pleased to present for lease 625 N Alvarado St, in the heart of Echo Park, Los Angeles. This approximately 3,150 square foot retail building lends itself to many different uses - retail, flex, creative office, or medical office. The property is situated on a 0.16 AC lot and includes a secure gated parking lot. A brand-new roof was installed in 2023. The property has a great Walk score of 87 and is within close proximity to multiple transit options. The property is located in a Los Angeles Enterprise Zone allowing for a reduced parking requirement of 2.00/1,000 SF for all commercial uses.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5402-039-025 | Improvements Assessment | $294,566 |
| Land Assessment | $648,051 | Total Assessment | $942,617 |
PROPERTY TAXES
-
Brin Hamblin -
Hannah Zager -
Ryan Rothstein-Serling -
Martin Agnew -
Rick Raymundo -
Agnew | Serling Group
Presented by
625 N Alvarado St
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