For Sale
$5,890,000

600 Alvarado St Los Angeles, CA 90026

62-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 62-unit apartment building presents a compelling investment opportunity in the vibrant Echo Park neighborhood of Los Angeles, CA. Situated on over 25,769 square feet of land encompassing eight contiguous parcels, this six-story building boasts 61,860 square feet of total space, with 46,186 square feet of net rentable area. The property includes 59 parking spaces and is zoned CM-1VL CR-1VL RD2-1VL / HILLSIDE AREA TOC Tier 1 / with alley access. Currently, plans for the 62 units are ready to issue (RTI) permits. The asking price is $5,890,000, translating to $228.57 per square foot. This prime location offers easy access to major freeways (110, 101, 5, and 2), placing residents within minutes of Silver Lake, Griffith Park, and Downtown Los Angeles. Echo Park's thriving atmosphere, characterized by its hip coffee shops, boutiques, music venues, bars, and restaurants, attracts a young, creative demographic. The strong local demographics, including an average housing unit value exceeding $1 million within a one-mile radius and a projected 7% population growth over the next five years, further solidify this investment's potential. The low-maintenance design and ease of management contribute to its overall appeal. APN: 5404-011-007 and 5404011 027 thru -033. This is a rare opportunity to acquire a substantial multifamily property in a highly sought-after Los Angeles neighborhood.

Highlights

  • 25,827+/- SF land assemblage across 8 contiguous parcels.
  • 62-unit development project with RTI-ready plans.
  • Prime Echo Park location.
  • Excellent access to Silver Lake, Griffith Park, and Downtown LA.
  • Highly desirable, trendy Echo Park neighborhood with strong retail and entertainment offerings.
  • Strong demographics and high demand.

Property Details for 600 Alvarado St

Property type
Apartment buildings
Square Feet
61,860 SF
Buildings
1
Stories
6
Units
62

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0729491
Longitude
-118.2660697

FAQs

What type of property is this?
Apartment building - 62-Unit Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 600 Alvarado St Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,890,000.
What are key features of this property?
This property features: 25,827+/- SF land assemblage across 8 contiguous parcels.; 62-unit development project with RTI-ready plans.; Prime Echo Park location.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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600 Alvarado St
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