616 N Alvarado Street, Los Angeles, CA 90026
- $695,000
Listing courtesy of Listing Agent: Micah Hiller (micah@primerockrealty.com) from Listing Office: Prime Rock Realty.
- List Price
- $695,000
- Status
- ACTIVE
- Days on Market
- 169
- MLS#
- 26668091
- Subtype
- Land
- Lot Size
- 5,865
- Acres
- 0.13
- MLS Area Major
- Silver Lake - Echo Park (C21)
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.
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Additional Information
- Zoning
- LACR
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.