Active

900 N Alvarado St

Los Angeles CA, 90026

$3,995,000


$266.33 per sqft

Active

15,000 sqft

Land

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.

24-346061

MLS ID

January 10, 2024

Listed

February 15, 2024

Updated

Map

900 N Alvarado St
Los Angeles CA, 90026

Exterior/Building Features

Lot Size

0.34 Acres

Other Property Details

Area Name

Silver Lake - Echo Park


Days on Market

8


Garage

No


View

Yes


View Description

Other, Lake, City


County

Los Angeles


Pool

No


Zoning

C2-1VL & RD2-1VL Tier 2

Listed by with Keller Williams Beverly Hills
Listing Contact: 424-600-7633 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Louise Leach | CA DRE# 01774966 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/15/2024

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