Homes for sale - 155 S Alvarado ST, Los Angeles, CA 90057

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Shelly Reyland

shelly@remaxcoastalhomes.com +1(949) 212-5036

$ 1,500,000

Est. payment | -/mo

8 Beds

4 Baths

5,440 SqFt

Save

$ 1,500,000

Est. payment | -/mo

Save

8 Beds

4 Baths

5,440 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,440 sqft

Price per Sqft $275

MLS Listing ID 24361639

Bedrooms 8

Construction Status Fixer,Repairs Cosmetic,Repairs Major

HOA Y/N No

Year Built 1923

Lot Size 8,154 Sqft

Lot Dimensions Assessor

Property Description

Located in one of the prime areas in Los Angeles, this property offers a fantastic investment potential. Situated in a sought-after location, it holds a C2-1 zoning and an impressive 8,150 sq ft lot. The possibilities here are endless. You have the option to add two additional ADUs (Accessory Dwelling Units) or completely redevelop the property. There is also an option to rehab the existing units and increase your income by a staggering 73%. What's even better, this property qualifies for the Transit Oriented Communities (TOC) Tier 2 and Executive Directive 1 (ED 1) programs, making it an ideal choice for those interested in smart and sustainable development. The location itself is a dream. Nestled in the vibrant Westlake/Echo Park/Downtown area, you'll have easy access to mass transit options, coffee houses, restaurants, bars, museums, theaters, galleries, parks, and everything else that L.A. has to offer. And let's not forget about the breathtaking city and DTLA skyline views! Before making an offer, it's important to conduct your due diligence.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC2

Interior

Interior Features Ceiling Fan(s)

Heating Forced Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry None

Exterior

Parking Features Assigned, Concrete, Covered, Driveway, Paved, Private, Shared Driveway, Side By Side

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Porch None

Attached Garage No

Total Parking Spaces 6

Private Pool No

Building

Lot Description Back Yard, Front Yard, Lawn, Landscaped, Rectangular Lot, Value In Land, Yard

Faces East

Story 2

Entry Level Two

Sewer Other

Architectural Style See Remarks

Level or Stories Two

New Construction No

Construction Status Fixer,Repairs Cosmetic,Repairs Major

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5154008014

Security Features Fire Detection System,Gated Community,Smoke Detector(s),Window Bars

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Special Listing Condition Standard

Listed by Jacob Kesherim • Keller Williams Beverly Hills

+1(949) 212-5036

shelly@remaxcoastalhomes.com

1644 N El Camino Real, Clemente, CA, 92672, USA

155 S Alvarado ST Los Angeles, CA 90057