Log In/Sign Up
Your email has been sent.
1132 S Alvarado St
Los Angeles, CA 90006
Land For Sale
·
0.22 AC
Investment Highlights
- Apartment Development site well suited for market rate apartments or affordable housing
- Located on main north-south thoroughfare of Alvarado St between Olympic Blvd and Pico Blvd
- Just west of Downtown Los Angeles in the neighborhood known as Pico Union, which is very dense and has seen a lot of development in recent years.
- Currently a parking lot with approximately 30 parking spaces
- Within ½ mile of both the 10 Freeway and 110
Executive Summary
For Sale: Downtown Los Angeles Adjacent Development Site
- Apartment Development site well suited for market rate apartments or affordable housing
o Market Rate Housing Development
? Per State of California AB1287, a developer is able by-right to obtain a 100% density bonus by providing 30% of the base apartment units as affordable units
? Based on our calculations utilizing the development incentives of AB1287, a total of approximately 47 units are allowed at the site (7 units of those are affordable units)
o Affordable Housing Development
? Per State of California AB2334 and City of Los Angeles ED1 housing laws, affordable housing developers are able to achieve unlimited unit density, and obtain height and FAR bonuses to maximize the number of affordable apartment units allowed at the site.
- Currently a parking lot with approximately 30 parking spaces
- Located on main north-south thoroughfare of Alvarado St between Olympic Blvd and Pico Blvd
- Within ½ mile of both the 10 Freeway and 110
- Just west of Downtown Los Angeles in the neighborhood known as Pico Union, which is very dense and has seen a lot of development in recent years.
- Apartment Development site well suited for market rate apartments or affordable housing
o Market Rate Housing Development
? Per State of California AB1287, a developer is able by-right to obtain a 100% density bonus by providing 30% of the base apartment units as affordable units
? Based on our calculations utilizing the development incentives of AB1287, a total of approximately 47 units are allowed at the site (7 units of those are affordable units)
o Affordable Housing Development
? Per State of California AB2334 and City of Los Angeles ED1 housing laws, affordable housing developers are able to achieve unlimited unit density, and obtain height and FAR bonuses to maximize the number of affordable apartment units allowed at the site.
- Currently a parking lot with approximately 30 parking spaces
- Located on main north-south thoroughfare of Alvarado St between Olympic Blvd and Pico Blvd
- Within ½ mile of both the 10 Freeway and 110
- Just west of Downtown Los Angeles in the neighborhood known as Pico Union, which is very dense and has seen a lot of development in recent years.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.22 AC |
| Property Type | Land | ||
| Zoning | LAC2 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.22 AC |
| Zoning | LAC2 |
1 Lot Available
Lot
| Price | $1,900,000 | Lot Size | 0.22 AC |
| Price Per AC | $8,636,363.64 |
| Price | $1,900,000 |
| Price Per AC | $8,636,363.64 |
| Lot Size | 0.22 AC |
Property Taxes
| Parcel Number | 5136-019-023 | Improvements Assessment | $0 |
| Land Assessment | $1,019,592 | Total Assessment | $1,019,592 |
Property Taxes
Parcel Number
5136-019-023
Land Assessment
$1,019,592
Improvements Assessment
$0
Total Assessment
$1,019,592
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
