616 N Alvarado St Los Angeles, CA 90026
Echo Park NeighborhoodEstimated payment $5,539/month
About This Lot
An exceptional development opportunity in the highly sought-after Echo Park neighborhood! This vacant CM/CR-zoned lot spans 5,863 SF, offering developers the potential to build 14 units by right, with the option to maximize density through a TOC 1 bonus or 100% affordable housing guidelines. Ideal for a mixed-use project, combining ground-floor retail and residential spaces to capitalize on the area's growing and thriving community. Conveniently located near Echo and Elysian Park, Downtown LA, and cultural hotspots like Filipinotown, Koreatown, Chinatown, and Little Tokyo. Don't miss this prime investment opportunity, and contact the listing brokers for additional details!
Listing Agent
Kidder Mathews of California, Inc. License #01456686 Listed on: 05/23/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $7,663
Lot Details
- 5,865 Sq Ft Lot
- Fenced
- Hillside Location
- Property is zoned CM-1VL / CR-1VL
Additional Features
- Property Views
Listing and Financial Details
- Assessor Parcel Number 5404-011-026
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,663 | $638,320 | $638,320 | -- |
| 2024 | $7,663 | $625,804 | $625,804 | -- |
| 2023 | $7,514 | $613,534 | $613,534 | $0 |
| 2022 | $7,162 | $601,504 | $601,504 | $0 |
| 2021 | $7,082 | $589,710 | $589,710 | $0 |
| 2019 | $6,869 | $572,220 | $572,220 | $0 |
| 2018 | $6,921 | $561,000 | $448,800 | $112,200 |
| 2016 | $1,360 | $97,400 | $86,579 | $10,821 |
| 2015 | $1,343 | $95,938 | $85,279 | $10,659 |
| 2014 | $1,357 | $94,060 | $83,609 | $10,451 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | Price Changed | $895,000 | -5.8% | -- |
| 06/24/2025 06/24/25 | Price Changed | $950,000 | -5.0% | -- |
| 05/23/2025 05/23/25 | For Sale | $1,000,000 | 0.0% | -- |
| 05/22/2025 05/22/25 | Off Market | $1,000,000 | -- | -- |
| 03/04/2025 03/04/25 | For Sale | $1,000,000 | +81.8% | -- |
| 12/05/2016 12/05/16 | Sold | $550,000 | +10.2% | $1,066 / Sq Ft |
| 11/05/2016 11/05/16 | Pending | -- | -- | -- |
| 10/27/2016 10/27/16 | For Sale | $499,000 | 0.0% | $967 / Sq Ft |
| 10/18/2016 10/18/16 | Pending | -- | -- | -- |
| 10/11/2016 10/11/16 | For Sale | $499,000 | -- | $967 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $550,000 | First American Title Company | |
| Grant Deed | $90,000 | Fatcola-Resale |
Source: The MLS
MLS Number: 25506365
APN: 5404-011-026
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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