Description
Price Reduced! Land assemblage opportunity!!! Adjacent 25,769sf land property available for sale with potential to vacate the ~4,000sf city alley to create a 35,000+sf land assemblage. 616 N Alvarado St is a 5,863 SF Tier 1 TOC LACM/CR zoned vacant lot. The site is primed for a local developer to take advantage of the TOC density bonus incentives while building a high yield new construction development that is located along the dynamic Alvarado St. Located along one of the up-and-coming corridors in the heart of Echo Park, the neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses placing a foothold in this proven marketplace. With no improvements currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. Multiple development projects are underway by prominent multifamily housing and creative office developers. 616 N Alvarado St central location will provide tenants the benefits of being within walking distance of one of Los Angeles' premier music venues (The Echo), numerous restaurants/bars/ nightclubs, Echo Park Lake, and just a stones throw away from Silverlake!
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School Ratings & Info
Description
Price Reduced! Land assemblage opportunity!!! Adjacent 25,769sf land property available for sale with potential to vacate the ~4,000sf city alley to create a 35,000+sf land assemblage. 616 N Alvarado St is a 5,863 SF Tier 1 TOC LACM/CR zoned vacant lot. The site is primed for a local developer to take advantage of the TOC density bonus incentives while building a high yield new construction development that is located along the dynamic Alvarado St. Located along one of the up-and-coming corridors in the heart of Echo Park, the neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses placing a foothold in this proven marketplace. With no improvements currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. Multiple development projects are underway by prominent multifamily housing and creative office developers. 616 N Alvarado St central location will provide tenants the benefits of being within walking distance of one of Los Angeles' premier music venues (The Echo), numerous restaurants/bars/ nightclubs, Echo Park Lake, and just a stones throw away from Silverlake!
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-02T19:36:44.53. 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 deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.