Sold

1656 N Alvarado Street

Los Angeles CA, 90026

$1,525,000


$514.85 per sqft

Sold

10 Beds

5 Baths

2,962 sqft

Residential

Built in 1926

Listed by Jason Tuvia with Marcus & Millichap 818-212-2700

We are pleased to present a three (3) unit apartment building located at 1656 North Alvarado Street in Los Angeles, California. Situated in a prime Echo Park location, this is one (1) of a three (3) property portfolio which may be sold together or separately. Built in 1926, this property contains an incredible unit mix of one (1) two bedroom / one bathroom unit, one (1) three bedroom / two bathroom unit, and one (1) five bedroom / two bathroom unit. This well-maintained, craftsman style building boasts tons of character, sits on a hillside with incredible views, and has no soft-story retrofit required. Each unit features its own private entrance, in-unit washer/dryers, individual water heaters, & fully separate meters for all utilities. One (1) unit will be delivered vacant. The property recently passed LA Housing SCEP Inspections. Positioned just two (2) blocks away from 1607 Lake Shore Avenue, this large 7,500 SF lot has three (3) garage/storage spaces with potential to convert into ADU units, fresh landscaping, and a large backyard with potential for a ground-up ADU as well. Tenants will love living in a quiet, hillside residential pocket adjacent to the trendiest retail, restaurant, and entertainment amenities available in Los Angeles. Offered as part of a three (3) property Echo Park portfolio, 1656 North Alvarado Street offers an investor very high initial cash flow on a large hillside lot with incredible views and ADU plays.

22198847

MLS ID

September 2, 2022

Listed

March 23, 2024

Updated

Map

1656 N Alvarado Street
Los Angeles CA, 90026

Interior Features

Total Stories

2


Bedrooms

10 Beds


Bathrooms

5 Baths


Appliances

Built-In, Refrigerator, Dryer, Washer


Floor Description

Wood


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

Back Yard, Front Yard, Landscaped


Architectual Style

Craftsman

Other Property Details

Area Name

C21 - Silver Lake - Echo Park


Days on Market

31


Garage

Yes


Garage Spaces

3


Parking

Carport


Parking Total

3


View

Yes


View Description

City Lights, Hills, Lake


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LARD2


Buyer Agency Compensation

2%

Listing Contact: 818-212-2700 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 3/23/2024 at 1:39 AM UTC

 

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