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155 S Alvarado Street

Los Angeles, CA 90057

– beds
– baths
– sqft
8,153 sqft lot
1923 build
– on site

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.

Listed By CRMLS_CA / Jacob Kesherim / Keller Williams Beverly Hills

Last checked: Checking… • Last updated Aug 7, 2024 •

MLS# 24361639 —

This property is listed in more than one place. See it here, and here, and here.

The Building

Year Built:

1923
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Architectural Style:

See Remarks
Entry Level:

1
Faces:

East
Building Area Total:

5440.00
# of Buildings:

1
Total Number Of Units:

4
Stories Total:

2

Interior

Features:

Ceiling Fan(s)
Levels:

Two
Entry Location:

Ground Level w/steps
Window Features:

Garden Window(s)
Fireplace:

No
Fireplace:

None
Laundry:

None
Laundry:

1

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

This stunning investment is located in a prime location, just 0.5 miles south of the 101 Freeway. It's situated in a fabulous neighborhood, south of Beverly Blvd, north of W 3rd St, west of the 110 Freeway, and east of Vermont Ave.
Latitude:

34.06539400
Longitude:

-118.27152900

The Property

Property Type:

Residential Income
Property Condition:

Fixer, Repairs Cosmetic, Repairs Major
Zoning:

LAC2
Lot Features:

Back Yard, Front Yard, Landscaped, Lawn, Value In Land, Yard, Rectangular Lot
Lot Size Area:

8153.0000
Lot Size Dimensions:

136x60
Lot Size Acres:

0.1872
Lot Size SqFt:

8153.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
View:

1
View:

City Lights
Security Features:

Window Bars, Fire and Smoke Detection System, Gated Community
Additional Parcels:

No

Listing Agent

Contact info:

Taxes

Tax Rate:

1.25

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5154008014

Heating & Cooling

Heating:

1
Heating:

Forced Air

Utilities

Sewer:

Other

Appliances

Appliances:

Dishwasher, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Side by Side, Shared Driveway, Private, Paved, Assigned, Covered, Concrete, Driveway
Parking Spaces:

6.00
Garage Spaces:

4.00
Uncovered Spaces:

1.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/6/24 Aug 6, 2024	Price Changed	CRMLS_CA	$1,500,000	-11.8%
6/4/24 Jun 4, 2024	Price Changed	CRMLS_CA	$1,700,000	-10.5%
4/12/24 Apr 12, 2024	Price Changed	CRMLS_CA	$1,900,000	-5.0%

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This multifamily located in Central LA, Los Angeles, CA 90057 is currently for sale for $1,500,000. 155 S Alvarado Street is a – square foot multifamily with – beds and – baths that has been on Estately for 267 days. 155 S Alvarado Street is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 89, making it very walkable. This multifamily is in the attendance area of Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, Miguel Contreras Learning Complex - Business And Tourism, Ramon C Cortines School Of Visual And Performing Arts, Edward R. Roybal Learning Center, Union Avenue Elementary School, Miguel Contreras Learning Complex - School Of Social Justice, and Sal Castro Middle School.

Listing Courtesy of: CRMLS_CA and Keller Williams Beverly Hills. Based on information from California Regional Multiple Listing Service, Inc. as of 05:55 on Nov 22.

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.