155 South Alvarado Street
$1,500,000
8
4
5,440
5,440
$276
Description
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...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 Jacob Kesherim • DRE #01928381 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 155 South Alvarado Street
Water Front
None
ZoningLAC2
StyleOther
Cross StreetsSouth Alvarado St & Beverly Blvd
Parcel Number5154008014
Total Units4.0
Living Area5440
Source Living AreaAssessor
LISTING UPDATED: 08/06/2024 05:29 PM
Property Details for 155 South Alvarado Street
Status | Active |
---|---|
MLS # | 24-361639 |
Days on Market | 296 |
Taxes | $18,750 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1923 |
Lot Size | 0.19 AC / 8,153 SF |
County | Los Angeles County |
Building Information for 155 South Alvarado Street
Stories2Residences-Year Built1923Building Size-Lot Size0.19 AC / 8,153 SF
Property Information for 155 South Alvarado Street
Property History for 155 South Alvarado Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 155 South Alvarado Street
Taxable ValueLand$426,474Additions$141,279Total$567,753
Tax Record2024$7,668 ($639 / month)
Home Facts
Total Finished SqFt5,440 SqFtAbove Grade Finished SqFt5,440 SqFtLot Size8,150 SqFtStyleQuadraplexYear Built1923ZoningLAC2CountyLOS ANGELESAPN5154-008-014
Schools near 155 South Alvarado Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Union Avenue Elementary School PublicK to 5 | ||
Sal Castro Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
Academic Leadership Community School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.