Under Contract

Active Under Contract

300 S Alvarado Street

Los Angeles CA, 90057

$3,150,000


$251.80 per sqft

Under Contract

Active Under Contract

12,510 sqft

Commercial

Built in 1925

Listed by Andrew Brody with Alta Realty Group CA, Inc. 888-504-5327

This is an extremely unique redevelopment opportunity located on the prime corner of 3rd Street and Alvarado in the Westlake community zone. Subject property is part of the Transit Oriented Community (TOC - Tier 3). There are potential parking variances applicable under Assembly Bill 2097. This retail building is conveniently situated near public transportation with several bus lines. Buildable up to 45,000 sq. ft. with 50+ units. Located in a heavy vehicle and pedestrian foot traffic zone. The area is undergoing significant transformation and is less than three miles from Downtown Los Angeles. Most tenants are month-to-month or on expiring leases. Property is being sold as-is. All brokers and buyers to do their own investigation and due diligence regarding any/all property or land characteristics, including but not limited to square footage, zoning, land usage, permits, etc. Trust Sale subject to a Notice of Proposed Action.

23293629

MLS ID

September 21, 2023

Listed

May 25, 2024

Updated

Map

300 S Alvarado Street
Los Angeles CA, 90057

Interior Features

Total Stories

0


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.29 Acres


Roof

Flat

Other Property Details

Area Name

C42 - Downtown L.A.


Days on Market

123


Garage

No


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

LAC2


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

1/26/2024

Under Contract

Listing Contact: 888-504-5327 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:02 AM UTC

 

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