801-809 N Alvarado St is a double lot multifamily development opportunity located in the highly sought-after Echo Park neighborhood of Los Angeles.Located on Alvarado St, between Sunset Blvd and the 101 Freeway and two blocks away from the Echo Park Lake. A unique opportunity for a developer to acquire 12,678 SF lot zoned C2-1VL in a Tier 2 TOC offered at a low price per SF of $193.801-809 N Alvarado St offers an investor a multifamily development opportunity with over 115 feet of frontage on N Alvarado St, which attracts over 33,000 vehicles per day.An investor could build 32 units by right or utilize the TOC density increase and build up to 55 units; ownership currently has preliminary plans for a 55-unit project with two levels of subterranean parking, however, a developer could eliminate the parking requirement via AB 2097 (Buyer to verify).Alternatively, there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through Executive Directive 1 if a 100% affordable housing project is pursued.The double lot is currently vacant; no tenant relocation required.High Walk Score of 93, 801-809 N Alvarado St is located 1.5 miles from the Metro Red Line and a short stroll to multiple Metro Local Line bus stops along N Alvarado St.Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Westlake, and Silver Lake, close proximity to retail along Sunset Blvd as well as the LA Downtown Medical Center.
Property Details
Property Features
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.29 Acres
Other
Directions Information:
Directions: Located on Alvarado St, between Sunset Blvd and the 101 Freeway and two blocks away from the Echo Park Lake.
Price Information
Listing Price Info
Price Summary:
List Price: $2,450,000
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.4M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24399991
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Rosemont Avenue Elementary
421 Rosemont Ave
Distance between this listing and this school0.31 miles
Public District Grades 2-5
3
/10
Mayberry Street Elementary School
2414 Mayberry St
Distance between this listing and this school0.66 miles
Public District Grades KG-6
4
/10
Union Avenue Elementary
150 S Burlington Ave
Distance between this listing and this school0.75 miles
Public District Grades PK-5
Nearby Schools
4
/10
Camino Nuevo Charter Academy #4
1018 Mohawk St
Distance between this listing and this school0.14 miles
Public Charter Grades KG-8
4
/10
Logan Academy of Global Ecology
1711 Montana St
Distance between this listing and this school0.53 miles
Public District Grades KG-8
5
/10
Gabriella Charter
1435 Logan St
Distance between this listing and this school0.57 miles
Public Charter Grades KG-8
Nearby Schools
8
/10
Alliance Ted K. Tajima High School
1552 Rockwood St
Distance between this listing and this school0.81 miles
Public Charter Grades 9-12
4
/10
New Village Girls Academy
147 N Occidental Blvd
Distance between this listing and this school0.84 miles
Public Charter Grades 9-12
1
/10
Harris Newmark Continuation
1575 W 2nd St
Distance between this listing and this school0.92 miles
The neighbors living near this home have an average income of $32,867. Residents of Los Angeles, CA typically earn less than $35k each year. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 801 N Alvarado St
What is the listing price of this property?
The listing price of 801 N Alvarado St property is $2,450,000.
What type of property is this?
The property 801 N Alvarado St is land located in Los Angeles, California, 90026.
Is this property for sale now?
Active Listing: 801 N Alvarado St is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 801 N Alvarado St in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This home sits on a 0.29 acre lot. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $2,450,000.
While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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