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155 Alvarado Street
Los Angeles, CA 90057
Located in one of the prime areas in Los Angeles, this property offers a fantastic investment potential. Situated in a sought-after location, it holds a C2-1 zoning and an impressive 8,150 sq ft lot. The possibilities here are endless. You have the option to add two additional ADUs (Accessory Dwelling Units) or completely redevelop the property. There is also an option to rehab the existing units and increase your income by a staggering 73%. What's even better, this property qualifies for the Transit Oriented Communities (TOC) Tier 2 and Executive Directive 1 (ED 1) programs, making it an ideal choice for those interested in smart and sustainable development. The location itself is a dream. Nestled in the vibrant Westlake/Echo Park/Downtown area, you'll have easy access to mass transit options, coffee houses, restaurants, bars, museums, theaters, galleries, parks, and everything else that L.A. has to offer. And let's not forget about the breathtaking city and DTLA skyline views! Before making an offer, it's important to conduct your due diligence.
PROPERTY INFORMATION
| MLS # | 24361639 | Lot Size | 8,153 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,500,000
Price Per SqFt: $ 276 |
DOM | 429 Days |
| Address | 155 Alvarado Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,440 Sq. Ft. |
| Postal Code | 90057 | Garage | 4 |
| County | Los Angeles | Year Built | 1923 |
| Bed / Bath | 8 / 0 | Parking | 6 |
| Built In | 1923 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | None |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Refrigerator |
| Has Heating | Yes |
| Heating Information | Forced Air |
| InteriorFeatures Information | Ceiling Fan(s) |
| EntryLocation | Ground Level w/steps |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Garden Window(s) |
| SecuritySafety | Window Bars, Fire and Smoke Detection System, Gated Community |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
| Has Patio | No |
| Patio | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,600
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 02/29/2024 | Listed | $2,000,000 |
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Listing provided courtesy of Jacob Kesherim, Keller Williams Beverly Hills. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
