625 N Alvarado St
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625 N Alvarado St
3,150 SF Retail Building Los Angeles, CA 90026 £1,348,020 (£428/SF)
INVESTMENT HIGHLIGHTS
- 3,150 RSF Freestanding Commercial Building
- Multiple Potential Uses: Flex, Retail, Medical Office, Creative Office
- Located in a Los Angeles Enterprise Zone allowing for a reduced parking requirement of 2.00/1,000 SF for all commercial uses
- Ample Secured Parking
- For Sale or For Lease
- Close proximity to a variety of retail & dining amenities
EXECUTIVE SUMMARY
**NEW PRICE REDUCTION **
Marcus & Millichap is pleased to present for sale or lease 625 N Alvarado St, in the heart of Echo Park, Los Angeles. This approximately 3,150 square foot retail building lends itself to many different uses - retail, flex, creative office, or medical office. The property is situated on a 0.16 AC lot and includes a secure gated parking lot. A brand-new roof was installed in 2023. The property has a great Walk score of 87 and is within close proximity to multiple transit options. The property is located in a Los Angeles Enterprise Zone allowing for a reduced parking requirement of 2.00/1,000 SF for all commercial uses.
The central location and quick freeway access make Echo Park a quintessential neighborhood for exploring, quickly shaping it as one of the most up-and-coming areas in the city. It continues to draw interest from predominately independently owned restaurants, bars, and boutiques, which make for eccentric and one-of-a-kind experiences. With adjacent access to the 101 Freeway, the subject property is less than 15 minutes to other major neighborhoods around Los Angeles such as: Hollywood, Downtown LA, Burbank, and Studio City.
Property Summary:
Gross Square Feet: 3,150 SF + Bonus ~900 SF Mezzanine
Property Type: Retail
Stories: 1
Power: To Be Verified
Clear Height: 8’ - 14’
Loading Door: 10’ x 10’
Year Built: 1951
Zoning: CM-IVL
Parking: ~10 Spaces | 3.17/1,000 SF*layer625 N ALVARADO ST
*Located in a Los Angeles state enterprise zone, allowing for a reduced parking requirement.
Marcus & Millichap is pleased to present for sale or lease 625 N Alvarado St, in the heart of Echo Park, Los Angeles. This approximately 3,150 square foot retail building lends itself to many different uses - retail, flex, creative office, or medical office. The property is situated on a 0.16 AC lot and includes a secure gated parking lot. A brand-new roof was installed in 2023. The property has a great Walk score of 87 and is within close proximity to multiple transit options. The property is located in a Los Angeles Enterprise Zone allowing for a reduced parking requirement of 2.00/1,000 SF for all commercial uses.
The central location and quick freeway access make Echo Park a quintessential neighborhood for exploring, quickly shaping it as one of the most up-and-coming areas in the city. It continues to draw interest from predominately independently owned restaurants, bars, and boutiques, which make for eccentric and one-of-a-kind experiences. With adjacent access to the 101 Freeway, the subject property is less than 15 minutes to other major neighborhoods around Los Angeles such as: Hollywood, Downtown LA, Burbank, and Studio City.
Property Summary:
Gross Square Feet: 3,150 SF + Bonus ~900 SF Mezzanine
Property Type: Retail
Stories: 1
Power: To Be Verified
Clear Height: 8’ - 14’
Loading Door: 10’ x 10’
Year Built: 1951
Zoning: CM-IVL
Parking: ~10 Spaces | 3.17/1,000 SF*layer625 N ALVARADO ST
*Located in a Los Angeles state enterprise zone, allowing for a reduced parking requirement.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS In Escrow
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,150 SF
Building Class
C
Year Built
1951
Price
£1,348,020
Price Per SF
£428
Tenancy
Single
Number of Floors
1
Building FAR
0.45
Lot Size
0.16 AC
Zoning
CM-IVL - Commercial Manufacturing - Wholesale, Storage, Clinics Limited Manufacturing, Limited C2 Uses, R3 Uses
Parking
10 Spaces (3.17 Spaces per 1,000 SF Leased)
Frontage
71 ft on Clinton Street
AMENITIES
- Fenced Lot
- Air Conditioning
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5402-039-025 | Improvements Assessment | £234,266 |
| Land Assessment | £515,390 | Total Assessment | £749,656 |
PROPERTY TAXES
Parcel Number
5402-039-025
Land Assessment
£515,390
Improvements Assessment
£234,266
Total Assessment
£749,656
CONTACTS
-
Brin Hamblin -
Hannah Zager -
Ryan Rothstein-Serling -
Martin Agnew -
Rick Raymundo -
Agnew | Serling Group
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625 N Alvarado St
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