1600 N Alvarado St, Los Angeles, CA 90026
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1600 N Alvarado St Los Angeles, CA 90026

$1,650,000
  • 5 Beds
  • 4 Baths
  • 2,344 Sq.Ft.
For Sale
$1,650,000 Get Pre-Qualified

Map preview of 1600 N Alvarado St, Los Angeles, CA 90026

Property Overview: 1600 N Alvarado St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,344 living square feet and 7,561 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This is a great opportunity to acquire a commercial property (Mexican Restaurant) with 2 residential units in the heart of the Echo Park area. It is located on Alvarado Blvd. nearby Sunset Blvd. This property is also located in the PROPOSED mixed-use zoning(Buyer must verify zoning details with the City). Heavy daily traffic at a big street corner—lot 7561 sq ft.

Listed by Weon Kang | BRE #01888004 | Bestway Realty
Last checked: 11 minutes ago | Last updated: February 5th, 2024 | Source CRMLS | DOM: 146
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Home details

Lot Sq. Ft
7,561
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
PW23215785
City
Los Angeles
County
Los Angeles
Time on Site
162 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Actual Rent: $3,000
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $3,700
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,700
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Insurance: $2,000

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Property Details for 1600 N Alvarado St

Interior Features
Cooling Information
  • Has Cooling
  • Electric
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • See Remarks
Exterior Features
Exterior Information
  • Roof: Mixed, Shingle
  • Has Fence
  • Average Condition, Partial
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 3
  • Parcel Number: 5419002014
  • Year Built Source: Public Records
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Alvarado + Berkerly
View more facts & features

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Sale History for 1600 N Alvarado St

Last sold for $1,100,000 on June 22nd, 2018
  • November, 2023

  • Nov 22, 2023

    Date

    Active

    CRMLS: PW23215785

    $1,780,000

    Price

  • August, 2021

  • Aug 2, 2021

    Date

    Active

    CRMLS: 21767814

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION! LOCATION! LOCATION! FEATURES AN 1,100 SQUARE FOOT TACOS RESTAURANT BUSINESS (1600 ALVARADO) & UNIT 2019 BERKELY HAS 3 BED+2 BATH, UNIT 2025 BERKELY HAS 2 BED+1 BATH. BOTH RESIDENTIAL STRUCTURE ARE FULLY RENOVATED & REMODELED OVER $250,000 AND CURRENTLY ARE OCCUPIED WITH GREAT TENANTS. THIS LOT COMES WITH 6 PARKING SPACES NEXT TO THE RESTAURANT & PLENTY OF ROOM FOR MORE CARS FROM THE ALLEY ACCESS TO THE LOT. AMAZING INVESTMENT OPPORTUNITY WITH HUGE RENTAL UPSIDE IN ECHO PARK & ZONING COMMERCIAL & RESIDENTIAL MIXED USE! (VIRTUAL TOUR: https://youtu.be/Lc0fJ_Mnx7Q)

  • August, 2021

  • Aug 1, 2021

    Date

    Expired

    CRMLS: 21675914

    $1,850,000

    Price

  • Feb 18, 2021

    Date

    Price Change

    CRMLS: 21675914

    $1,850,000

    Price

  • Jan 5, 2021

    Date

    Active

    CRMLS: 21675914

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION! LOCATION! LOCATION! FEATURES AN 1,100 SQUARE FOOT TACOS RESTAURANT BUSINESS (1600 ALVARADO) & UNIT 2019 BERKELY HAS 3 BED+2 BATH, UNIT 2025 BERKELY HAS 2 BED+1 BATH. BOTH RESIDENTIAL STRUCTURE ARE FULLY RENOVATED & REMODELED OVER $250,000 AND CURRENTLY ARE OCCUPIED WITH GREAT TENANTS. THIS LOT COMES WITH 6 PARKING SPACES NEXT TO THE RESTAURANT & PLENTY OF ROOM FOR MORE CARS FROM THE ALLEY ACCESS TO THE LOT. AMAZING INVESTMENT OPPORTUNITY WITH HUGE RENTAL UPSIDE IN ECHO PARK & ZONING COMMERCIAL & RESIDENTIAL MIXED USE! (VIRTUAL TOUR: https://youtu.be/Lc0fJ_Mnx7Q)

  • January, 2021

  • Jan 2, 2021

    Date

    Expired

    CRMLS: 20639722

    $1,950,000

    Price

  • Sep 30, 2020

    Date

    Active

    CRMLS: 20639722

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION! LOCATION! LOCATION! FEATURES AN 1,100 SQUARE FOOT TACOS RESTAURANT BUSINESS (1600 ALVARADO) & UNIT 2019 BERKELY HAS 3 BED+2 BATH, UNIT 2025 BERKELY HAS 2 BED+1 BATH. BOTH RESIDENTIAL STRUCTURE ARE FULLY RENOVATED & REMODELED OVER $250,000 AND CURRENTLY ARE OCCUPIED WITH GREAT TENANTS. THIS LOT COMES WITH 6 PARKING SPACES NEXT TO THE RESTAURANT & PLENTY OF ROOM FOR MORE CARS FROM THE ALLEY ACCESS TO THE LOT. AMAZING INVESTMENT OPPORTUNITY WITH HUGE RENTAL UPSIDE IN ECHO PARK & ZONING COMMERCIAL & RESIDENTIAL MIXED USE! (VIRTUAL TOUR: https://youtu.be/Lc0fJ_Mnx7Q)

  • September, 2020

  • Sep 29, 2020

    Date

    Canceled

    CRMLS: 20609630

    $1,950,000

    Price

  • Jul 28, 2020

    Date

    Active

    CRMLS: 20609630

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION! LOCATION! LOCATION! FEATURES AN 1,100 SQUARE FOOT TACOS RESTAURANT BUSINESS (1600 ALVARADO) & UNIT 2019 BERKELY HAS 3 BED+2 BATH, UNIT 2025 BERKELY HAS 2 BED+1 BATH. BOTH RESIDENTIAL STRUCTURE ARE FULLY RENOVATED & REMODELED OVER $250,000 AND CURRENTLY ARE OCCUPIED WITH GREAT TENANTS. THIS LOT COMES WITH 6 PARKING SPACES NEXT TO THE RESTAURANT & PLENTY OF ROOM FOR MORE CARS FROM THE ALLEY ACCESS TO THE LOT. AMAZING INVESTMENT OPPORTUNITY WITH HUGE RENTAL UPSIDE IN ECHO PARK & ZONING COMMERCIAL & RESIDENTIAL MIXED USE! (VIRTUAL TOUR: https://youtu.be/Lc0fJ_Mnx7Q)

  • June, 2018

  • Jun 22, 2018

    Date

    Sold

    CRMLS: 18332918

    $1,100,000

    Price

  • Jun 1, 2018

    Date

    Pending

    CRMLS: 18332918

    $985,000

    Price

  • Apr 13, 2018

    Date

    Active

    CRMLS: 18332918

    $985,000

    Price

  • Listing provided courtesy of CRMLS

    Calling all developers and investors with a vision! Amazing development opportunity with huge rental upside in Echo Park! This corner lot (Alvarado and Glendale) features an 1,100 square foot restaurant (currently Mayas Tacos), a 824 square foot 2-bedroom + office / 1 bath house, and a 420 square foot garage convert. Both residential structures are vacant and in need of renovations. This lot comes with 6 parking spaces next to the restaurant and plenty of room for two or more cars from the alley access to the lot. Zoned at RD2-1VL there is a lot of potential. Buyer to confirm with city and do own investigation on permits.

  • May, 2018

  • May 7, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

  • April, 2018

  • Apr 11, 2018

    Date

    Canceled

    CRMLS: 18325902

    $985,000

    Price

  • Mar 22, 2018

    Date

    Active

    CRMLS: 18325902

    $985,000

    Price

  • Listing provided courtesy of CRMLS

    Calling all developers and investors with a vision! Amazing development opportunity with huge rental upside in Echo Park! This corner lot (Alvarado and Glendale) features an 1,100 square foot restaurant (currently Mayas Tacos), a 824 square foot 2-bedroom + office / 1 bath house, and a 420 square foot garage convert. Both residential structures are vacant and in need of renovations. This lot comes with 6 parking spaces next to the restaurant and plenty of room for two or more cars from the alley access to the lot. Zoned at RD2-1VL there is a lot of potential. Buyer to confirm with city and do own investigation on permits.

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Tax History for 1600 N Alvarado St

Assessed Value (2020): $1,144,440
Year Land Value Improved Value Assessed Value
2020 $936,360 $208,080 $1,144,440

Home Value Compared to the Market

This property vs the competition

1600 N Alvarado St is listed 34.69% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $703.92 per/sqft which puts the price per square foot 9.05% lower than the median price per square foot for the city of Los Angeles.

About 1600 N Alvarado St

Detailed summary of property

1600 N Alvarado St is a mixed use located in Los Angeles, CA 90026 and is currently for sale. This mixed use property offers 5 bedrooms, 4 bathrooms, roughly 2,344 living square feet, and sits on an approximately 7,561 square foot lot. 1600 N Alvarado St was first listed on ArdentRealEstateGroup.com on November 23, 2023. The homeowner is currently asking $1,650,000 and was originally asking $1,780,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 34.69% higher than the median priced home. Local competing homes currently for sale include 2806 N Main St, 1215 Fedora St and 1611 E Cesar E Chavez Ave. While the average home in Los Angeles, CA is selling in 96 days, 1600 N Alvarado St has a days on market of 146 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1600 N Alvarado St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1600 N Alvarado St

Public county record property details
Beds
--
Baths
--
Year built
1908
Sq. Ft.
2,344
Lot Size
7,558
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5419-002-014

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
55
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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Related Resources to 1600 N Alvarado St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.