427 S Alvarado St, Los Angeles, Los Angeles County, CA, 90057 Los Angeles CA US

REDUCED $50K! We are proud to present for sale a 16 Unit Apartment Building in the up and coming MacArthur Park / Westlake Area. High visibility Alvarado St. just a block away from MacArthur Park and the Metro Station, this property is central to all be it by car, foot or public transportation! 15 of the 16 units are 1+1 with the remaining unit being a studio. Tenants enjoy what Walk Score calls a Walker's Paradise with Excellent Transit, the Metro Station being about a six minute walk from the building. The C2-1 TOC Tier 3 Zoning in an Opportunity Zone allows for keeping the income while holding the property as a land-bank for future redevelopmentor buy it along with the three neighboring properties as part of the Alvarado Assemblage. Bought with the neighboring 3 lots, a Developer can build 128 units or 137 Affordable Units. No Overlay Zones, No Historical Issues, No Specific Plan. Centrally located: 7 minute drive or 9 minute Metro ride to Downtown Los Angeles & 30 minute drive to Santa Monica. Alvarado Street is a major corridor with unparalleled visibility will ensure speedy lease-up of units. Find out more about this property. Request details here