$749,000

616 N Alvarado Street, Los Angeles, CA 90026

  • 15 beds |
  • 15 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon5,863sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

616 Alvarado -- Prime Echo Park Development Opportunity. Located at the gateway to Echo Park, just off Sunset Blvd on Alvarado, this completely vacant parcel is ready for a transformative development in one of Los Angeles' most vibrant and desirable neighborhoods. With a combination of CM-1VL-L and CR-1VL zoning, the site offers diverse development options and strong upside potential:11 units allowed by right, 3:1 FAR under the community plan for mixed-use projects, TOC incentives increase the potential to 18 units. Currently entitled with a TOC Letter of Determination for 12 units with a height increase. Adjacent to a paper alley, offering the opportunity to vacate and expand the lot size. Beyond the numbers, 616 Alvarado benefits from its unbeatable Echo Park location. Just minutes from Echo Park Lake, Sunset Blvd hotspots, and a quick drive to Downtown LA, Silver Lake, and Koreatown, the property is ideally positioned to attract future residents seeking the best of LA living walkable dining, eclectic shops, and a thriving creative community. This site is a rare opportunity to deliver a high-demand project in a neighborhood that continues to grow in both popularity and value.

Listing Status:
Active
Date Added:
November 6, 2025 at 06:00AM
Listing Office:
Power Brokers : 424-738-5900
Listing Agent:
Marc 'Meir' Nemetsky : 310-926-3119
MLS ID:
25616161
  • A/C: Central Air
  • Heating: Central
  • Parking: Parking spaces: 10
  • General: 5
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LACR5404011026
  • View: City LightsPanoramicView
  • Source: CRMLS_CL

This listing courtesy of Marc 'Meir' Nemetsky, Power Brokers

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

C

Camino Nuevo Charter Academy #4

, Los Angeles, CA, 90026

Grades KG-8

0.01 miles away

C

Camino Nuevo Charter Academy #4

, Los Angeles, CA, 90026

Grades KG-8

0.01 miles away

H

Harris Newmark Continuation

1575 W 2nd St, Los Angeles, CA, 90026

Grades 9-12

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.