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

$1,365,000 Sold Price as of 03/30/2022
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$1,365,000 Sold Price as of 03/30/2022 Refinance Your Mortgage
Map preview of 315 N Alvarado St, Los Angeles, CA 90026

Property Overview: 315 N Alvarado St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 8,457 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity to purchase an R4-zoned double lot totaling 8,457 square feet in the northern Westlake area of Los Angeles. With the Tier 2 designated Transit Oriented Community (TOC) incentives, a developer can potentially build up to 36 units. The parcel at 315 N. Alvarado Street is currently improved with a vacant duplex and the adjacent parcel at 319 N. Alvarado is improved with a vacant commercial building, allowing for a seamless transition to development without the need to deal with the "headaches" associated with tenant-relocations. Located within short proximity to the 101 Freeway on-ramps, this property has easy access to all submarkets of Los Angeles.

Listed by Ardy Ishal | BRE #01769601 | BRC Advisors- BH
Last checked: 4 minutes ago | Last updated: May 10th, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
8,457
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
22120283
City
Los Angeles
County
Los Angeles
Time on Site
973 days

Property Details for 315 N Alvarado St

Lot Details / Garage and Parking
Property Information
  • Has View
  • Parcel Number: 5157017001
Location / Neighborhood
Location Information
  • Directions: near Alvarado and Temple
View more facts & features

Local Los Angeles Agent

Sale History for 315 N Alvarado St

Last sold for $1,365,000 on March 30th, 2022

  • March, 2022

  • Mar 30, 2022

    Date

    Sold

    CRMLS: 22120283

    $1,365,000

    Price

  • Jan 20, 2022

    Date

    Active

    CRMLS: 22120283

    $1,375,000

    Price

  • March, 2020

  • Mar 21, 2020

    Date

    Expired

    CRMLS: 19537816

    $1,499,000

    Price

  • Mar 10, 2020

    Date

    Withdrawn

    CRMLS: 19537816

    $1,499,000

    Price

  • Feb 7, 2020

    Date

    Price Change

    CRMLS: 19537816

    $1,499,000

    Price

  • Dec 20, 2019

    Date

    Active

    CRMLS: 19537816

    $1,739,000

    Price

  • Listing provided courtesy of CRMLS

    Premier Development Opportunity in Thriving Westlake & Echo Park The current opportunity is to develop approximately 36 apartment units under Los Angeles's new Transit Oriented Communities (TOC). This measure requires the City Planning to create incentives for all housing developments located within a one-half mile radius of a major transit stop. Due to the proximity to the Temple & Alvarado St Metro stop, this development qualifies for TOC Tier 2. Density Bonus incentives include an additional 11 feet in height and 45% increase in FAR, 60% increase in the number of buildable units, a decrease in setbacks and open space requirements, along with a reduction in parking now only requiring 0.5 spaces per unit; no more than 1 required per unit. This 8,456 square foot lot will come with 2 vacant units. This offering is located in a thriving, development-heavy neighborhood, presenting an opportunity for developers looking to build a new multifamily project.

  • October, 2019

  • Oct 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $963,000

    Price

  • October, 2019

  • Oct 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $817,000

    Price

Show More

Tax History for 315 N Alvarado St

Assessed Value (2020): $660,000
Year Land Value Improved Value Assessed Value
2020 $600,000 $60,000 $660,000

Home Value Compared to the Market

This property vs the competition

315 N Alvarado St sold on March 30, 2022 for 22.77% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 315 N Alvarado St

Detailed summary of property

315 N Alvarado St is a land that recently sold in Los Angeles, CA 90026. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 8,457 square foot lot. 315 N Alvarado St was first listed on ArdentRealEstateGroup.com on January 20, 2022. The homeowner sold the property for $1,365,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 22.77% higher than the current median priced home. Local homes that are currently for sale include 1537 N Kingsley Dr, 5431 Lemon Grove Ave and 1157-1201 E 20th St. While the average home in Los Angeles, CA is selling in 106 days, 315 N Alvarado St has a days on market of 12 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 315 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 315 N Alvarado St

Public county record property details
Beds
5
Baths
2
Year built
1897
Sq. Ft.
1,950
Lot Size
5,295
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5157-017-001

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
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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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.

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