CA > Los Angeles
Los Angeles, CA 90057,176 S Alvarado ST
Los Angeles, CA 90057,176 S Alvarado ST
Los Angeles, CA 90057,176 S Alvarado ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,699,999
Est. payment /mo
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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

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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CRMLS – RECore
Listed by Zo Lakanwal The Executive Realty Group

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