Address
222 North Alvarado Street Los Angeles, CA
Price
$ 5,250,000
Property Attributes
  • MLS#0021678524
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSilver Lake - Echo Park
  • Zip90026
  • Style
  • Price$ 5,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Marcus & Millichap
Data Source:
California Desert Association of REALTORS
Property Description

We are pleased to present a rare 60-unit RTI development opportunity located at 222 North Alvarado Street, in Los Angeles, California. The Site consists of 3 adjacent lots totaling 0.31 acres, or 13,707 square feet, and it is zoned R4-1, Tier 2 TOC and is ready-to-issue permits (RTI) for 60- 1 Bedroom / 1 Bathroom apartment units, with 6 of the units being designated for extremely low income (ELI). With a Walk Score of 85, the site is ideally located in a popular and dense rental market. The Offering is in excellent location sitting between Koreatown to the West, Chinatown to the East, Silver Lake to the North and Downtown Los Angeles to the South. The Site is central in location with ease of transit as it is blocks from the 101 Freeway which gives ease of access to both the 5 and 10 Freeways. Future residents enjoy the booming nightlife, dining and shopping of all Downtown has to offer.

Price History
1/12/2021 Listed $5,250,000

General Features

MLS Area C21 - Silver Lake - Echo Park
Senior Community Y/N No
Zoning LAR4

Exterior Features

Land Lease Type Fee
Lot Size Acres 0.1
Lot Size Area 13707.0
Lot Size Square Feet 13707.0
Lot Size Units Square Feet
View Y/N No
Water Source None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90026

Price
AVG $2.12M
$5.25M
Visits
AVG 14
3
Walkscore
AVG 88
85
Data Provided by Walkscore ® not using MLS data

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