1022 N Alvarado Street

    Echo Park, CA 90026
    • $1,995,000
    • STATUS: Active
    • ON SITE: 790 days
    • ID#: DW17194806
    UPDATED: 29 min ago
    $1,995,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,484
      SQFT
    • $445
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    BACK ON THE MARKET!! THIS PROPERTY IS A MIX USE MEDICAL BUILDING. BUYERS!! INVESTORS!! ACCORDING TO CITY, ZONING Q C-2, 2D YOU CAN BUILD UP TO 22,000 SQ. FT. RESIDENTIAL 19,000 SQ FT (18 units) AND 3000 SQ. FT OF COMMERCIAL USAGE. LOCATION! LOCATION! PROPERTY IS SOUTH OF SUNSET BLVD AND ALVARADO ST. The phenomenal property is located in the prime area of echo park/ silver lake. The property has 2 floors and it's been established for more than 25 years. The medical clinic takes up the entire of the first floor. There 2 apartments on the second floor consists of 2 bedrooms and 1 bathroom each. Front structure 2984SQFT + Rear structure legal Retail storage 1500SQFT = TOTAL 4,484 SQFT. Has a 1 bedroom, 1 bathroom apartment with a large retail storage room. You can park up to 8 cars. This medical center is located in a prime area and has multiple recovery rooms, surgery and examination rooms. Also, there is men+GGs and women+GGs bathroom. Perfect opportunity for an owner user who is in the medical field to operate his practice. Rent out upstairs apartments and rear apartment to help pay the mortgage. Close surroundings to schools, shopping, churches, public transportation, jobs, gym, 101 freeway etc. BUYERS!! INVESTORS!! Property is solid for rental investments and potential development. New construction and future potential is going on in the area.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
    www.theashleycooperteam.com/homes/76140476

    1022 N Alvarado Street Echo Park, CA 90026

    • Price: $1,995,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: DW17194806
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,484
    SQFT
    $445
    $/SQFT
    1910
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    BACK ON THE MARKET!! THIS PROPERTY IS A MIX USE MEDICAL BUILDING. BUYERS!! INVESTORS!! ACCORDING TO CITY, ZONING Q C-2, 2D YOU CAN BUILD UP TO 22,000 SQ. FT. RESIDENTIAL 19,000 SQ FT (18 units) AND 3000 SQ. FT OF COMMERCIAL USAGE. LOCATION! LOCATION! PROPERTY IS SOUTH OF SUNSET BLVD AND ALVARADO ST. The phenomenal property is located in the prime area of echo park/ silver lake. The property has 2 floors and it's been established for more than 25 years. The medical clinic takes up the entire of the first floor. There 2 apartments on the second floor consists of 2 bedrooms and 1 bathroom each. Front structure 2984SQFT + Rear structure legal Retail storage 1500SQFT = TOTAL 4,484 SQFT. Has a 1 bedroom, 1 bathroom apartment with a large retail storage room. You can park up to 8 cars. This medical center is located in a prime area and has multiple recovery rooms, surgery and examination rooms. Also, there is men+GGs and women+GGs bathroom. Perfect opportunity for an owner user who is in the medical field to operate his practice. Rent out upstairs apartments and rear apartment to help pay the mortgage. Close surroundings to schools, shopping, churches, public transportation, jobs, gym, 101 freeway etc. BUYERS!! INVESTORS!! Property is solid for rental investments and potential development. New construction and future potential is going on in the area.
    Exterior Features

    Construction Materials Stucco Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features InsideSee Remarks

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Ca Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 140000.00 Gross Scheduled Income 140000.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Lot Dimensions Source Assessor Net Operating Income 93000.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 0.00 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Total Expenses 46000.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Lac2

    Listing provided courtesy of Ricardo Borjas of First Family Homes


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
     
    First Team Real Estate
    CA,