Presenting this 0.17-Acre development opportunity nestled right within one of the most diverse and transit-oriented neighborhoods in Los Angeles. The property sits upon a 7,725-square foot opportunity zone lot. There is an opportunity to develop the property into approximately 34 units. The property is located in a Transit Oriented Community Tier 3 zone. Immediately adjacent to the building is a fourteen-space parking lot for easy and convenient parking. The price per land SF is $278. This property is 100 percent vacant and will be delivered vacant upon the close of escrow. The key features of this property are the close proximity to the Westlake/Macarthur Park Station, which is just a short walking distance away. From the property the station can be reached in ten minutes. As a result of the close proximity to the Westlake/Macarthur Park Station, the property enjoys constant high foot traffic and a close proximity to major retailers, hotel chains, and restaurants. Contact listing agent for offering memorandum.
Property Details
Price:
$2,150,000
MLS #:
22-146633
Status:
Sold ((Aug 1, 2022))
Baths:
0
Address:
324 S ALVARADO ST
Type:
Land
Subtype:
Lots and Land
City:
LOS ANGELES
Listed Date:
Apr 14, 2022
State:
CA
ZIP:
90057
Lot Size:
7,725 sqft / 0.18 acres (approx)
Schools
Interior
Exterior
Lot Location
Alley Access, City
Financial
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Map
Community
- Address324 S ALVARADO ST LOS ANGELES CA
- AreaDowntown L.A.
- CityLOS ANGELES
- CountyLos Angeles
- Zip Code90057
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Courtesy of Jacob Kesherim at Keller Williams Beverly Hills. The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-04-26.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-04-26.
324 S ALVARADO ST
LOS ANGELES, CA
LIGHTBOX-IMAGES