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324 S Alvarado St, Los Angeles, CA 90057
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324 S Alvarado St Los Angeles, CA 90057

$2,100,000 Sold Price as of 08/01/2022
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$2,100,000 Sold Price as of 08/01/2022 Refinance Your Mortgage
Map preview of 324 S Alvarado St, Los Angeles, CA 90057

Property Overview: 324 S Alvarado St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 7,725 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Presenting this 0.17-Acre development opportunity nestled right within one of the most diverse and transit-oriented neighborhoods in Los Angeles. The property sits upon a 7,725-square foot opportunity zone lot. There is an opportunity to develop the property into approximately 34 units. The property is located in a Transit Oriented Community Tier 3 zone. Immediately adjacent to the building is a fourteen-space parking lot for easy and convenient parking. The price per land SF is $278. This property is 100 percent vacant and will be delivered vacant upon the close of escrow. The key features of this property are the close proximity to the Westlake/Macarthur Park Station, which is just a short walking distance away. From the property the station can be reached in ten minutes. As a result of the close proximity to the Westlake/Macarthur Park Station, the property enjoys constant high foot traffic and a close proximity to major retailers, hotel chains, and restaurants. Contact listing agent for offering memorandum.

Listed by Jacob Kesherim | BRE #01928381 | Keller Williams Beverly Hills
Last checked: 4 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 101

Home details

Lot Sq. Ft
7,725
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
22146633
City
Los Angeles
County
Los Angeles
Time on Site
755 days

Property Details for 324 S Alvarado St

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 5154028005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: South of W 3rd St & North of West 6th St.
View more facts & features

Local Los Angeles Agent

Sale History for 324 S Alvarado St

Last sold for $2,100,000 on August 1st, 2022

  • August, 2022

  • Aug 1, 2022

    Date

    Sold

    CRMLS: 22146633

    $2,100,000

    Price

  • Apr 14, 2022

    Date

    Active

    CRMLS: 22146633

    $2,000,000

    Price

  • April, 2022

  • Apr 14, 2022

    Date

    Active

    CRMLS: 22146581

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    Presenting this 0.17-Acre owner user retail investment/development opportunity nestled right within one of the most diverse and transit-oriented neighborhoods in Los Angeles. The property sits upon a 7,725-square foot opportunity zone lot, with a building size of 2,975-square feet. The property consists of three available units, with sizes of 975 square feet, 1,000 square feet, and 975 square feet. There is also an opportunity to develop the property into approximately 34 units. Immediately adjacent to the building is a fourteen-space parking lot for easy and convenient parking. The price per land SF is $278 and price per building SF is $678. This property is 100 percent vacant and will be delivered vacant upon the close of escrow. The key features of this property are the close proximity to the Westlake/Macarthur Park Station, which is just a short walking distance away. From the property the station can be reached in ten minutes. As a result of the close proximity to the Westlake/Macarthur Park Station, the property enjoys constant high foot traffic and a close proximity to major retailers, hotel chains, and restaurants. Contact listing agent for offering memorandum.

  • February, 2021

  • Feb 3, 2021

    Date

    Canceled

    CRMLS: IV20227899

    $2,300

    Price

  • Nov 24, 2020

    Date

    Price Change

    CRMLS: IV20227899

    $2,300

    Price

  • Oct 28, 2020

    Date

    Active

    CRMLS: IV20227899

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Opportunity knocks! Desirable location to establish a Retail store or space can be used for accounting, office, photography, and basically any business that provides professional services. Features tile flooring, picture window, open floor plan, two bathrooms, and freeway nearby. Owner is open to negotiate terms and conditions of lease.

  • February, 2021

  • Feb 3, 2021

    Date

    Canceled

    CRMLS: IV20227879

    $2,300

    Price

  • Nov 24, 2020

    Date

    Price Change

    CRMLS: IV20227879

    $2,300

    Price

  • Oct 28, 2020

    Date

    Active

    CRMLS: IV20227879

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Good opportunity for an open floor plan in a desirable location. Can be used for office, retail, photography, music. Suited for most anything that entails retail or professional. Mac Arthur park nearby. Features tiled flooring, picture window, two bathrooms, traffic exposure. Owner requires a one year lease. Triple net lease. Owner is open to negotiation of terms and conditions. Please show to your start ups or experienced business owners.

  • August, 2015

  • Aug 6, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2011

  • Feb 28, 2011

    Date

    Sold (Public Records)

    Public Records

    $799,007

    Price

Show More

Tax History for 324 S Alvarado St

Assessed Value (2020): $935,999
Year Land Value Improved Value Assessed Value
2020 $702,880 $233,119 $935,999

Home Value Compared to the Market

This property vs the competition

324 S Alvarado St sold on August 1, 2022 for 80.67% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 324 S Alvarado St

Detailed summary of property

324 S Alvarado St is a land that recently sold in Los Angeles, CA 90057. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 7,725 square foot lot. 324 S Alvarado St was first listed on ArdentRealEstateGroup.com on April 15, 2022. The homeowner sold the property for $2,100,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 80.67% higher than the current median priced home. Local homes that are currently for sale include 643 N Rossmore Ave, 757 Cole Ave and 833 N Las Palmas Ave. While the average home in Los Angeles, CA is selling in 94 days, 324 S Alvarado St has a days on market of 101 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 324 S Alvarado St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 324 S Alvarado St

Public county record property details
Beds
--
Baths
--
Year built
1948
Sq. Ft.
2,950
Lot Size
7,725
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5154-028-005

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$530
Median Sold Price
$365,000
Median Sold Price/Sq.Ft.
$773
Total Inventory
12
Median Sale to List Price %
104.58%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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