415, 417, 419 & 427 S. Alvarado St.

09-15-2022
09-26-2022

415 S Alvarado St, Los Angeles, CA 90057

  • Build 128-137 Units OR Hold Onto the 16 Unit Bldg & Build ±97-103 Units
  • 200 Feet of Frontage on Alvarado St. - 200 x 150 Lot Dimensions
  • One Subway Stop to Downtown - or a 9 Minute Drive - Central to All!
  • C2-1 TOC Tier 3 Zoning
  • 6 Minute Walk to Metro Subway Station and 5 Minute Walk to MacArthur Park
  • Opportunity Zone!

Property Description

Partners CRE are proud to exclusively present for sale a portfolio of four adjacent properties with tremendous redevelopment potential just north of MacArthur Park.
Currently consisting of a 16 Unit Apartment Building, a Duplex, an SFR (Demo Permit in process) and Boarding House that was converted to six SRO units, the four properties boast a combined ±30,250 SF of land, ±30,000 SF of C2-1 & ±250 SF of R4-2 TOC Tier 3, Opportunity Zone land.
OPTION 1:
Keep Existing 16 Unit as Value-Add Play & Develop ±22,500 SF of C2-1, TOC TIER 3, Opportunity Zone Land into ±97 Units or ±103 Affordable Units
OPTION 2:
Develop all 4 adjacent parcels, ±30,000 SF of C2-1 & ±250 SF of R4-2, TOC TIER 3, Opportunity Zone Land into ±128 units or ±137 Affordable Units
ZONING:
- No Overlay Zones (no CDO, no CPIO overlay requirements)
- No Historical Issues
- No Specific Plan Requirements
LOCATION:
- Distance to Metro Station: 1 block / 6 minute walk
- Centrally located: 7 minute drive or 9 minute Metro ride to Downtown Los Angeles & 30 minute drive to Santa Monica
- Alvarado Street is a major corridor with unparalleled visibility — will ensure speedy lease-up of units
Listing Includes 4 APNs and 4 Addresses: 415, 417, 419 & 427 S. Alvarado St., Los Angeles, CA 90057. 5154-031-004, 5154-031-005 & 5154-031-006, 5154-031-016.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Development Opportunity
Price
$ 7,990,000
Lot Size
30,250 sq ft
Zoning Code
R4-2, TOC TIER 3
Opportunity Zone
No
Price per unit
$ 0
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34.061105, -118.274246

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