An exceptional development opportunity in the highly sought-after Echo Park neighborhood! This vacant CM/CR-zoned lot spans 5,863 SF, offering developers the potential to build 14 units by right, with the option to maximize density through a TOC 1 bonus or 100% affordable housing guidelines. Ideal for a mixed-use project, combining ground-floor retail and residential spaces to capitalize on the area's growing and thriving community. Conveniently located near Echo and Elysian Park, Downtown LA, and cultural hotspots like Filipinotown, Koreatown, Chinatown, and Little Tokyo. Don't miss this prime investment opportunity, and contact the listing brokers for additional details!
Lot/land
$1,000,000
616 N Alvarado St, Los Angeles, CA 90026
--beds
--baths
5,863.18Square Feet
Unimproved Land
Built in ----
5,863.18 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 88 days
- on Zillow |
- 65 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: May 23, 2025 at 06:26am
Listed by:
Scott Rosenberg DRE # 01456686 310-889-8738,
Kidder Mathews of California, Inc. 310-807-0880
Source: CLAW,MLS#: 25506365

Travel times
Facts & features
Property
Features
- Fencing: Fenced
- Has view: Yes
- View description: Any
- Waterfront features: None
Lot
- Size: 5,863.18 Square Feet
- Features: Hillside
Details
- Parcel number: 5404011026
- Zoning: CM-1VL / CR-1VL
- Special conditions: Standard
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Tax assessed value: $625,804
- Annual tax amount: $7,663
- Date on market: 3/4/2025
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