Listing Courtesy of: Filip Niculete - Marcus & Millichap
$5,250,000 Down payment assistance icon Calculate Payment

222 Alvarado St Los Angeles, CA 90026

Land Residence
Beds
Baths
Sq. Ft.
0.1 Acre Lot

Property Overview

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We are pleased to present a rare 60-unit RTI development opportunity located at 222 North Alvarado Street, in Los Angeles, California. The Site consists of 3 adjacent lots totaling 0.31 acres, or 13,707 square feet, and it is zoned R4-1, Tier 2 TOC and is ready-to-issue permits (RTI) for 60- 1 Bedro...om / 1 Bathroom apartment units, with 6 of the units being designated for extremely low income (ELI).With a Walk Score of 85, the site is ideally located in a popular and dense rental market. The Offering is in excellent location sitting between Koreatown to the West, Chinatown to the East, Silver Lake to the North and Downtown Los Angeles to the South. The Site is central in location with ease of transit as it is blocks from the 101 Freeway which gives ease of access to both the 5 and 10 Freeways. Future residents enjoy the booming nightlife, dining and shopping of all Downtown has to offer. Continue reading
MLS#
21-678524
Property Type
Land
Lot Size
0.1

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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More
Listing Courtesy of: Filip Niculete - Marcus & Millichap
Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, barbara.simmons@xome.com, 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of 1/22/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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