324 S. Alvarado St

Westlake Redevelopment Opportunity

City of Los Angeles at night. Scenic view of downtown skyline with bridge in foreground..j

Property

The Asset

Building SF

Lot SF

Units

Zoning

Summary

2,975

7,725

C2-1 | TOC Tier 3 | Enterprise Zoning

Summary

SNAPSHOT

Opportunity Zone

To be Delivered Vacant

Walkscore

Stunning Aerial View of MacArthur Park and downtown Los Angeles.jpg

Overview

Property Overview

KW Commercial is pleased to present for purchase a prime redevelopment opportunity site in the high sought-after neighborhood of Westlake. Zoned C2-1 TOC TIER 3, the asset currently features a 2,950 square foot improvement situated on a 7,725 square foot lot.

The Opportunity

This prime location is deemed a Walker’s Paradise with a Walkscore ® of 94 out of 100, and a transit score of 81 in an area that connects Koreatown and Rampart Village to the financial district and Downtown Los Angeles. Residents at this location can enjoy the great outdoors at locales like MacArthur Park, La Fayette Park and Echo Park, along with quick and convenient access to Red & Purple Metro lines, as well as 110, 101, and 10 Freeways.

The Location

§34 Unit Buildout in an Opportunity Zone
§PROPERTY WIL BE DELIVERED Vacant
§Alley Entrance To Gated Parking
§SBA HUBZone Qualified
§Lot Dimensions Are 50x155
§Parking requirements are reduced for Medical Use to 1 parking space per 500 sf of building space