This portion of Alvarado just below Sunset may not be the prettiest area around--ok, this stretch of road is just ass-ugly because of the nearby highways, trash, and tagging--but here's your chance to build six, 1,600 square foot "loft style" homes on .17 acres. If we're not mistaken, this plot is right near those homes seized by the LAUSD for that contentious school. Via the listing: "Ready to build 6 houses in Hip and Happening Echo Park. This is walking distance to restaurants, coffee shops, clothing boutiques and Echo Park lake....These are houses NOT townhomes." The listing indicates that the price for the planned development has been reduced and is now $695,000.
· 912 Alvarado Street [Loopnet]