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.
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Data last updated on 3/23/2024 at 1:39 AM UTC