176 S Alvarado Street, Los Angeles, CA, 90057

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$1,999,000
302 Days On Site

176 S Alvarado Street
Los Angeles, CA 90057

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
13,416
SqFt
$149
/SqFt
1951
Built
County:
Los Angeles
Listed by Zo Lakanwal of The Executive Realty Group homeswithzo@gmail.com
Call Now: 951-203-4426
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951-203-4426
176 S Alvarado Street176 S Alvarado Street176 S Alvarado Street176 S Alvarado Street
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Monthly Payment (Est.)

$9,120
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13,000 SF two-story commercial building with a 3,000 SF first floor, 10,000 SF of total floor space, seven bathrooms, 15-17 gated parking spaces, a 123 ft 62 ft building footprint, full two-story access, and existing medical-certified use. 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.

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Listing Snapshot
Price 
$1,999,000
Days On Site 
302 Days
Bedrooms 
N/A
Inside Area (SqFt) 
13,416 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1569 Acres
Year Built 
1951
MLS® Number 
25621627
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoPrice changed to $1,999,000
10 months agoListing first seen on site
General Features
Acres 
0.1569
Parking Spaces 
17
Special Circumstances 
Standard
SqFt Total 
13416
Zoning 
LAC2
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Community Features
MLS Area 
C42 - Downtown L.A.


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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