223 N Alvarado St
Los Angeles, CA 90026
Call for Offers | Offers Due 02/10 · Land For Sale
·
0.31 AC
Investment Highlights
- RTI for 60 Units
- 3 Adjacent Lots
- Prime Echo Park Location
- 43,480 SF Floor Area
- 50 Parking & 49 Bicycle
- Walk Score of 85
Property Facts
| Property Type | Land | Total Lot Size | 0.31 AC |
| Property Subtype | Commercial | ||
| Zoning | R4-1, Tier 2 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.31 AC |
| Zoning | R4-1, Tier 2 |
Description
The LAAA Team of Marcus and Millichap is pleased to present a rare 60-unit RTI development opportunity located at 222 North Alvarado Street, in Los Angeles, California. The Site consists of 3 adjacent lots totaling 0.31 acres, or 13,707 square feet, and it is zoned R4-1, Tier 2 TOC and is ready-to-issue permits (RTI) for 60- 1 Bedroom / 1 Bathroom apartment units, with 6 of the units being designated for extremely low income (ELI). With a Walk Score of 85, the site is ideally located in a popular and dense rental market. The Offering is in excellent location sitting between Koreatown to the West, Chinatown to the East, Silver Lake to the North and Downtown Los Angeles to the South. The Site is central in location with ease of transit as it is blocks from the 101 Freeway which gives ease of access to both the 5 and 10 Freeways. Future residents enjoy the booming nightlife, dining and shopping of all Downtown has to offer. ****CALL FOR OFFERS**** ****OFFERS DUE 2/10****
Property Taxes
| Parcel Number | 5157-021-030 | Improvements Assessment | $0 |
| Land Assessment | $853,369 | Total Assessment | $853,369 |
Property Taxes
