46
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$2,699,999
Est. payment /mo
6,834 Sqft Lot
New
176 S Alvarado ST Los Angeles, CA 90057
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25621627
HOA Y/N No
Year Built 1951
Lot Size 6,834 Sqft
Property Description
Prime 13,000 SF two-story commercial building with 14-17 gated parking spaces, elevator access, and existing medical-certified use. The property offers approximately 6,500 SF per floor with a functional layout that works for medical, office, retail, creative, nonprofit, Behavior health clinic, or specialized commercial operations. Ground level includes 3,500 SF of office/retail and 3,000 SF of enclosed garage with dual access points. Upstairs features 6,500 SF across four suites with multiple restrooms and flexible configurations. The building is vacant and ready for immediate occupancy, but historically delivered strong cash flows. Previous long-term tenants included a professional law group occupying the entire ground floor at $10,000/month and a dispensary/general partnership occupying the entire second floor at $15,000/month, both operating under standard commercial terms before leases expired. With this rent history, future owners can realistically underwrite $25,000+/mo in stabilized commercial income, subject to market conditions and tenant mix. Located in a TOC-eligible corridor with C2-1 zoning, the property offers meaningful long-term upside. C2 zoning in this area can support R4-level density (approx. 1 unit per 400 SF of land), positioning the site as a candidate for mixed-use or high-density residential redevelopment under city guidelines. Given the 6,500 SF lot and TOC incentives, investors may explore future conversion to multifamily or affordable housing units, subject to city approvals and an opportunity enhanced by its proximity to Downtown LA, Koreatown, and major transit. The building's secure parking, medical status, and large footprint make it uniquely flexible for both income generation today and phased redevelopment tomorrow. Vacant, easy to show. All information deemed reliable but not guaranteed; buyer to verify all uses, square footage, zoning, and redevelopment possibilities.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC2
Interior
Heating None
Fireplace No
Exterior
Total Parking Spaces 17
Others
Tax ID 5154007002
Special Listing Condition Standard
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Listed by Zo Lakanwal The Executive Realty Group
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