616 N Alvarado ST, Los Angeles, CA 90026
616 N Alvarado ST, Los Angeles, CA 90026
616 N Alvarado ST, Los Angeles, CA 90026
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$695,000
Est. payment /mo
5,863 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26668091

HOA Y/N No

Lot Size 5,863 Sqft

Property Description

Exceptional Tier 1 TOC development opportunity in the heart of Echo Park. Zoned CM/CR, this 5,863 SF site offers the ability to capitalize on Transit Oriented Communities incentives and deliver a high-yield multifamily project along a highly active corridor. Tier 1 TOC designation allows for increased density, with the potential to develop up to approximately 20 units (buyer to verify). Ownership has secured a Letter of Determination for a smaller project, providing a clear path forward while preserving optionality for a larger-scale development. The property will be delivered vacant with no existing structures, eliminating demolition costs and allowing for a more efficient development timeline.Prime Echo Park location surrounded by ongoing development, creative office, and strong retail and hospitality. Minutes to Echo Park Lake and The Echo, with close proximity to Silver Lake, supporting strong rental demand and long-term growth.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LACR

Interior

Fireplace No

Exterior

View Y/N Yes

Building

New Construction No

Others

Senior Community No

Tax ID 5404011026

Special Listing Condition Standard

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Listed by Micah Hiller Prime Rock Realty #02036690

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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