Price improved! We are proud to present 616 N Alvarado St, a 5,863sf Tier 1 TOC LACM/CR zoned site. The site is primed for a 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. As a new development site, the land is zoned CM/CR and is situated within a Tier 1 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 20 units by utilizing the Tier 1 TOC density bonuses. The current owner has a Letter of Determination in hand for a smaller development. With no improvements or tenants currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. 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.