155 Alvarado Street, Los Angeles, CA 90057
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- MLS#: 24361639 ( )
- Street Address: 155 Alvarado Street
- Viewed: 3
- Price: $1,500,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1923
- Bldg sqft: 0
- Days On Market: 314
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90057
- Provided by: Keller Williams Beverly Hills
- Contact: Jacob Jacob
- DMCA Notice
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DescriptionLocated 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.
Property Location and Similar Properties
Features
Appliances
- Dishwasher
- Refrigerator
Architectural Style
- See Remarks
Building Area Total
- 5440.00
Construction Materials
- Stucco
Country
- US
Direction Faces
- East
Entry Location
- Ground Level w/steps
Fireplace Features
- None
Garage Spaces
- 4.00
Heating
- Forced Air
Insurance Expense
- 2148.00
Interior Features
- Ceiling Fan(s)
Laundry Features
- None
Levels
- Two
Lockboxtype
- None
Lot Dimensions Source
- Assessor
Lot Features
- Back Yard
- Front Yard
- Landscaped
- Lawn
- Value In Land
- Yard
- Rectangular Lot
Netoperatingincome
- 82396.00
Newtaxesexpense
- 21250.00
Parcel Number
- 5154008014
Parking Features
- Side by Side
- Shared Driveway
- Private
- Paved
- Assigned
- Covered
- Concrete
- Driveway
Pool Features
- None
Postalcodeplus4
- 2217
Property Condition
- Fixer
- Repairs Cosmetic
- Repairs Major
Security Features
- Window Bars
- Fire and Smoke Detection System
- Gated Community
Sewer
- Other
Sourcesystemkey
- 24-361639:CLAW
Spa Features
- None
Tenant Pays
- Gas
- Electricity
- Cable TV
Totalexpenses
- 35960.00
Uncovered Spaces
- 1.00
View
- City Lights
Water Sewer Expense
- 8000.00
Window Features
- Garden Window(s)
Year Built
- 1923
Year Built Source
- Assessor
Zoning
- LAC2