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Map
$3,416,000 - $4,174,000
●
Land -
Off Market
900 N Alvarado St
Los Angeles, CA 90026
Studio
0 Bath
Sold Jul 08, 2022
$4,000,000
Buyer
$2,300,000
by First Republic Bank
Mortgage Due Apr 28, 2053
About This Property
REDUCED! We are proud to exclusively present for sale a
designer Construction Project in Echo Park, two blocks to the Echo
Park Lake! Meticulously designed to be the stand-out of the
area, this 47 Unit + 5 ADU Potential Project will have the bells
and whistles that demanding tenants expect from a Class A design!
With a high barrier to entry and rents close to $6 PSF, this
is a great pocket to build in! With a planned Recreation
Room, a Co-Working Room, a Leasing Office, a Bike Room and
comfortable lobby, none of these rooms would be taken to convert
the additional space to Accessory Dwelling Units; each floor has a
"Community Room" that is planned for a potential ADU conversion.
The design calls for every unit (except for the future ADUs)
to have their own balcony or private patio, along with communal
access to the fifth floor open space that will have an indoor
lounge with bathroom. The Project will consist of mostly
1+1s, with eight 2+2s and one 3+2. All ADUs will be 1+1s.
5 units will be reserved for Extremely Low Income. The
Project, so far, includes two levels of subterranean parking, and
AB 2097 allows for the elimination of part or all parking levels to
streamline construction and bring in the Project with significant
savings. The property is in a tremendously
pedestrian-friendly location; Walk Score calls the area a Walker's
Paradise! With Vons, Lassens and the coming Sprouts Market a
very short distance away, most day-to-day needs can be accomplished
on foot. The Metro Subway Station is a short 30 minute walk,
but the area is surrounded by buses and with very easy access to
the 101 and 110 freeways. Come to Prime Echo Park, the center
of a dining, nightlife, shopping and hospitality enclave that young
professionals are looking for! Purchase this Project with 801
Alvarado St., a 55 Unit Project a block away.
Unit Size
-
Days on Market
-
Land Size
0.34 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1953
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 4, 2024 | No longer available | - | |
No longer available | |||
Mar 17, 2024 | Price Decreased |
$3,795,000
↓ $200K
(5%)
|
|
Price Decreased | |||
Jan 10, 2024 | Listed | $3,995,000 | |
Listed | |||
Jul 8, 2022 | Sold | $4,000,000 | |
Sold |
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
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