1022 N Alvarado Street, Echo Park, CA 90026

$1,995,000
4,484
SqFt
List Price
$1,995,000
Price Change
▲ $100,000 1560304031
Status
ACTIVE
MLS#
DW17182516
Year Built
1910
Living Sq. Ft
4,484
Days on Market
858
Property Type
Commercial
Property Sub Type
Mixed Use

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. 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 2,984 SQFT + Rear structure 1500 SQ. FT. is a legal retail storage=TOTAL 4,484 SQFT. Has a unpermitted 1 bedroom, 1 bathroom apartment . 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’s and women’s 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. Buyers to do their own due diligence.

Additional Information

Total Number of Units
4

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Ricardo Borjas from First Family Homes

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.