900 N Alvarado Street, Los Angeles, CA 90026

We are pleased to present a prime double lot multifamily development opportunity at 900-906 N Alvarado St, situated in the highly desirable Echo Park neighborhood of Los Angeles. This property, located between Sunset Blvd and the 101 Freeway, just two blocks from Echo Park Lake, spans a 15,000 SF lot zoned C2-1VL & RD2-1VL within a Tier 2 TOC, making it a unique acquisition for developers.900-906 N Alvarado St offers significant investment potential with over 100feet of frontage on a street that attracts over 33,000 vehicles daily. Investors can leverage the TOC density increase to construct up to 47 units. Current ownership has preliminary plans for such a project, including two levels of subterranean parking, although developers could potentially eliminate parking requirements via AB 2097 (verification needed by buyer). Alternatively, the property holds potential for unlimited density under AB 2345 and expedited entitlements through Executive Directive 1, particularly if a 100% … read more …