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155 S Alvarado St
0.19 Acres of Residential Land Offered at £1,176,615 in Los Angeles, CA 90057
Investment Highlights
- 70% Upside!
- 89 Walk Score 70 Transit Score 64 Bike Score
- Additional Billboard Income
- Land PSF $184
Financial Summary (Pro forma - 2024) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
£86,599
|
£462,600.77
|
| Other Income |
£6,241
|
£33,337.42
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£92,840
|
£495,938.19
|
| Taxes |
£14,708
|
£78,566.71
|
| Operating Expenses |
£13,500
|
£72,113.76
|
| Total Expenses |
£28,207
|
£150,680.47
|
| Net Operating Income |
£64,632
|
£345,257.73
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £86,599 |
| Annual Per AC | £462,600.77 |
| Other Income | |
|---|---|
| Annual | £6,241 |
| Annual Per AC | £33,337.42 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | £92,840 |
| Annual Per AC | £495,938.19 |
| Taxes | |
|---|---|
| Annual | £14,708 |
| Annual Per AC | £78,566.71 |
| Operating Expenses | |
|---|---|
| Annual | £13,500 |
| Annual Per AC | £72,113.76 |
| Total Expenses | |
|---|---|
| Annual | £28,207 |
| Annual Per AC | £150,680.47 |
| Net Operating Income | |
|---|---|
| Annual | £64,632 |
| Annual Per AC | £345,257.73 |
Property Facts
| Price | £1,176,615 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.19 AC |
| Price | £1,176,615 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.19 AC |
1 Lot Available
Lot
| Price | £1,176,615 | Lot Size | 0.19 AC |
| Price Per AC | £6,286,445 |
| Price | £1,176,615 |
| Price Per AC | £6,286,445 |
| Lot Size | 0.19 AC |
Description
Located in one of the prime areas in Los Angeles, this property offers a fantastic investment potential. Situated in a sought-after location, it holds a C2-1 zoning and an impressive 8,150 sq ft lot. The possibilities here are endless. You have the option to add two additional ADUs (Accessory Dwelling Units) or completely redevelop the property. There is also an option to rehab the existing units and increase your income by a staggering 73%. What's even better, this property qualifies for the Transit Oriented Communities (TOC) Tier 2 and Executive Directive 1 (ED 1) programs, making it an ideal choice for those interested in smart and sustainable development. The location itself is a dream. Nestled in the vibrant Westlake/Echo Park/Downtown area, you'll have easy access to mass transit options, coffee houses, restaurants, bars, museums, theaters, galleries, parks, and everything else that L.A. has to offer. And let's not forget about the breathtaking city and DTLA skyline views! Before making an offer, it's important to conduct your due diligence.
PROPERTY TAXES
| Parcel Number | 5154-008-014 | Total Assessment | £445,351 |
| Land Assessment | £334,530 | Annual Taxes | £14,708 |
| Improvements Assessment | £110,821 | Tax Year | 2024 |
PROPERTY TAXES
zoning
| Zoning Code | C2 (Transit Oriented Community Tier 2) |
| C2 (Transit Oriented Community Tier 2) |
-
Jacob Kesherim -
KW Commercial Beverly Hills
Presented by
155 S Alvarado St
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