616 N Alvarado St
Los Angeles, CA 90026
Land For Sale · 0.13 AC

Price reduced! Land assemblage opportunity!!! Adjacent 25,769sf land property available for sale with potential to vacate the ~4,000sf city alley to create a 35,000+sf land assemblage. 616 N Alvarado St is a 5,863 SF Tier 1 TOC LACM/CR zoned vacant lot. The site is primed for a local developer to take advantage of the TOC density bonus incentives while building a high yield new construction development that is located along the dynamic Alvarado St. Located along one of the up-and-coming corridors in the heart of Echo Park, the neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses placing a foothold in this proven marketplace. With no improvements currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. Multiple development projects are underway by prominent multifamily housing and creative office developers. 616 N Alvarado St central location will provide tenants the benefits of being within walking distance of one of Los Angeles' premier music venues (The Echo), numerous restaurants/bars/ nightclubs, Echo Park Lake, and just a stones throw away from Silverlake!