900-906 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 15,000 SF lot zoned C2-1VL & RD2-1VL in a Tier 2 TOC.900-906 N Alvarado St offers an investor a multifamily development opportunity with over 100 feet of frontage on N Alvarado St, which attracts over 33,000 vehicles per day.An investor could utilize the TOC density increase and build up to 47 units; ownership currently has preliminary plans for a 47-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.High Walk Score of 93, 900-906 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, a short stroll to retail along Sunset Blvd as well as the LA Downtown Medical Center.The rental market continues to grow, illustrated through the plentiful new developments currently under construction in the area such as 2225 W Sunset Blvd (176 units), 3004 W Sunset Blvd (74 units), and Inspire Echo Park at 355 Glendale Blvd (90 units). APNs: 5404-004-026 & 5404-004-002
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: 0.34 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. A unique opportunityfor a developer to acquire 15,000 SF lot zoned C2-1VL & RD2-1VL in a Tier 2 TOC
Price Information
Listing Price Info
Price Summary:
List Price: $2,800,000
Tax Information:
Annual Amount: $12,047
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.7M 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: #24399983
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
Listing History
DATE
EVENT
PRICE
Mar 27, 1991
Mar 27, 1991Home Sold
$750,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,047
$916,482
2020
$11,693
$907,086
2019
$11,452
$889,301
2018
$11,208
$871,865
2017
$11,208
$854,770
History based on county public records data.
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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 school0.39 miles
Public District Grades 2-5
3
/10
Mayberry Street Elementary School
2414 Mayberry St
Distance between this listing and this school0.60 miles
Public District Grades KG-6
4
/10
Betty Plasencia Elementary
1321 Cortez St
Distance between this listing and this school0.81 miles
Public District Grades KG-5
Nearby Schools
4
/10
Camino Nuevo Charter Academy #4
1018 Mohawk St
Distance between this listing and this school0.09 miles
Public Charter Grades KG-8
4
/10
Logan Academy of Global Ecology
1711 Montana St
Distance between this listing and this school0.45 miles
Public District Grades KG-8
5
/10
Gabriella Charter
1435 Logan St
Distance between this listing and this school0.49 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 school0.85 miles
Public Charter Grades 9-12
4
/10
New Village Girls Academy
147 N Occidental Blvd
Distance between this listing and this school0.91 miles
Public Charter Grades 9-12
1
/10
Harris Newmark Continuation
1575 W 2nd St
Distance between this listing and this school0.97 miles
The neighbors living near this home have an average income of $33,125. Typical income of Los Angeles, CA residents is less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 900 N Alvarado St
What is the listing price of this property?
The listing price of 900 N Alvarado St property is $2,800,000.
What type of property is this?
The property 900 N Alvarado St is land located in Los Angeles, California, 90026.
Is this property for sale now?
Active Listing: 900 N Alvarado St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,047 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 27, 1991 for $750,000. (source: MLS/tax record).
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This home is located at 900 N Alvarado St in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This home sits on a 0.34 acre lot. It has been listed on Rocket Homes since June 05, 2024 and is currently priced at $2,800,000.
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 number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.
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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