616 N Alvarado St Los Angeles, CA 90026

$550,000 Sold Price as of 12/05/2016

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$550,000 Sold Price as of 12/05/2016 Refinance Your Mortgage

Map preview of 616 N Alvarado St, Los Angeles, CA 90026

Property Overview: 616 N Alvarado St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 5,862 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

616 N Alvarado St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,800 for the down payment and will need roughly $24,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 616 N Alvarado St

Last sold for $550,000 on December 5th, 2016

October, 2023
Oct 1, 2023

Date

Expired

CRMLS: 23249031

$799,000

Price
Mar 8, 2023

Date

Active

CRMLS: 23249031

$849,000

Price
Listing provided courtesy of CRMLS

Price Reduced! Land assemblage opportunity!!! Adjacent 25,769sf land property available for sale with potential to vacate the ~4,000sf city alley to create a 35,000+sf land assemblage. 616 N Alvarado St is a 5,863 SF Tier 1 TOC LACM/CR zoned vacant lot. The site is primed for a local developer to take advantage of the TOC density bonus incentives while building a high yield new construction development that is located along the dynamic Alvarado St. Located along one of the up-and-coming corridors in the heart of Echo Park, the neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses placing a foothold in this proven marketplace. With no improvements currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. Multiple development projects are underway by prominent multifamily housing and creative office developers. 616 N Alvarado St central location will provide tenants the benefits of being within walking distance of one of Los Angeles' premier music venues (The Echo), numerous restaurants/bars/ nightclubs, Echo Park Lake, and just a stones throw away from Silverlake!

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February, 2023
Feb 1, 2023

Date

Expired

CRMLS: 22225227

$849,000

Price
Dec 14, 2022

Date

Active

CRMLS: 22225227

$849,000

Price
Listing provided courtesy of CRMLS

We are proud to present 616 N Alvarado St, a 5,863 SF Tier 1 TOC LACM/CR zoned vacant lot. The site is primed for a local developer to take advantage of the TOC density bonus incentives while building a high yield new construction development that is located along the dynamic Alvarado St. Located along one of the up-and-coming corridors in the heart of Echo Park, the neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses placing a foothold in this proven marketplace. With no improvements currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. Multiple development projects are underway by prominent multifamily housing and creative office developers. 616 N Alvarado St central location will provide tenants the benefits of being within walking distance of one of Los Angeles' premier music venues (The Echo), numerous restaurants/bars/ nightclubs, Echo Park Lake, and just a stones throw away from Silverlake!

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July, 2022
Jul 1, 2022

Date

Expired

CRMLS: 22143444

$890,000

Price
Apr 4, 2022

Date

Active

CRMLS: 22143444

$895,000

Price
Listing provided courtesy of CRMLS

I am proud to present 616 N Alvarado St, a 5,863 SF Tier 1 TOC LACM/CR zoned land site. The site is primed for a local developer to take advantage of the TOC density bonus incentives while building a high yield new construction development that is located along the dynamic Alvarado St. Located along one of the up-and-coming corridors in the heart of Echo Park, the neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses placing a foothold in this proven marketplace. As a new development site, the land is zoned CM/ CR and is situated within a Tier 1 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 20 units by utilizing the Tier 1 TOC density bonuses. The current owner has a Letter of Determination in hand for a smaller development. With no improvements currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. Multiple development projects are underway by prominent multifamily housing and creative office developers. 616 N Alvarado St central location will provide tenants the benefits of being within walking distance of one of Los Angeles' premier music venues (The Echo), numerous restaurants/bars/ nightclubs, Echo Park Lake, and just a stones throw away from Silverlake!

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July, 2021
Jul 16, 2021

Date

Expired

CRMLS: 21737258

$945,000

Price
May 26, 2021

Date

Active

CRMLS: 21737258

$945,000

Price
Listing provided courtesy of CRMLS

Price improved! We are proud to present 616 N Alvarado St, a 5,863sf Tier 1 TOC LACM/CR zoned site. The site is primed for a developer to take advantage of the TOC density bonus incentives while building a high yield new construction development that is located along the dynamic Alvarado St. Located along one of the up-and-coming corridors in the heart of Echo Park, the neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses placing a foothold in this proven marketplace. As a new development site, the land is zoned CM/CR and is situated within a Tier 1 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 20 units by utilizing the Tier 1 TOC density bonuses. The current owner has a Letter of Determination in hand for a smaller development. With no improvements or tenants currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. 616 N Alvarado St central location will provide tenants the benefits of being within walking distance of one of Los Angeles' premier music venues (The Echo), numerous restaurants/bars/nightclubs, Echo Park Lake, and just a stones throw away from Silverlake.

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May, 2021
May 23, 2021

Date

Expired

CRMLS: 21705626

$945,000

Price
May 5, 2021

Date

Price Change

CRMLS: 21705626

$945,000

Price
Apr 5, 2021

Date

Price Change

CRMLS: 21705626

$965,000

Price
Mar 15, 2021

Date

Active

CRMLS: 21705626

$985,000

Price
Listing provided courtesy of CRMLS

2nd PRICE REDUCTION!!! We are proud to present 616 N Alvarado St, a 5,863sf Tier 1 TOC LACM/CR zoned site. The site is primed for a local developer to take advantage of the TOC density bonus incentives while building a high yield new construction development that is located along the dynamic Alvarado St. Located along one of the up-and-coming corridors in the heart of Echo Park, the neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses placing a foothold in this proven marketplace. As a new development site, the land is zoned CM/CR and is situated within a Tier 1 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 20 units by utilizing the Tier 1 TOC density bonuses. The current owner has a Letter of Determination in hand for a smaller development. With no improvements currently on-site, a developer will save on project costs by eliminating any need for demolition and relocation costs. Multiple development projects are underway by prominent multi- family housing and creative office developers. 616 N Alvarado St central location will provide tenants the benefits of being within walking distance of one of Los Angeles' premier music venues (The Echo), numerous restaurants/bars/nightclubs, Echo Park Lake, and just a stones throw away from Silverlake.

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February, 2020
Feb 27, 2020

Date

Expired

CRMLS: 19503832

$999,000

Price
Feb 12, 2020

Date

Withdrawn

CRMLS: 19503832

$999,000

Price
Sep 18, 2019

Date

Price Change

CRMLS: 19503832

$999,000

Price
Aug 26, 2019

Date

Active

CRMLS: 19503832

$1,150,000

Price
Listing provided courtesy of CRMLS

We are pleased to present this unique 5,863 SF lot, zoned LARC, located at 616 N. Alvarado, Los Angeles, CA 90026. The property is within close proximity to popular spots such as; Echo Park, Dodger Stadium, as well as retail & dining on Sunset Blvd. The property is currently vacant land. By utilizing TOC, the property presents an opportunity for a developer to build up to 23 units in this gentrifying Echo Park location, where development opportunities seldomly come available. Buyer to verify development possibilities.

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December, 2016
Dec 5, 2016

Date

Sold (Public Records)

Public Records

$550,000

Price
April, 2011
Apr 19, 2011

Date

Sold (Public Records)

Public Records

$90,000

Price

Tax History for 616 N Alvarado St

Assessed Value (2020): --

Year	Land Value	Improved Value	Assessed Value
2020	$583,664	--	--

About 616 N Alvarado St

Detailed summary of property

616 N Alvarado St is categorized with a use code of Residential-Vacant Land in Los Angeles, CA 90026 and last sold on December 5, 2016 for $550,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 5,862 square foot lot. Homes 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 53.78% lower than the current median priced home. 616 N Alvarado St was last sold on December 5, 2016 for $550,000. Local nearby listings include 1412 Waterloo St, 1416 N Mohawk St and 237 N Rampart Blvd. The average home in Los Angeles, CA is selling in 93 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. If you are the homeowner and looking to sell the home at 616 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 616 N Alvarado St

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 5,862
Stories: --

Type: Residential-Vacant Land
Pool: No
Spa: No
County: Los Angeles
Lot#: 22
APN: 5404-011-026

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.

$766

Median Sold Price

$1,450,000

Median Sold Price/Sq.Ft.

$817

Total Inventory

Median Sale to List Price %

105.92%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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(714) 706-1823

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