**NEW PRICE REDUCTION ** Marcus & Millichap is pleased to present for sale or lease 625 N Alvarado St, in the heart of Echo Park, Los Angeles. This approximately 3,150 square foot retail building lends itself to many different uses - retail, flex, creative office, or medical office. The property is situated on a 0.16 AC lot and includes a secure gated parking lot. A brand-new roof was installed in 2023. The property has a great Walk score of 87 and is within close proximity to multiple transit options. The property is located in a Los Angeles Enterprise Zone allowing for a reduced parking requirement of 2.00/1,000 SF for all commercial uses. The central location and quick freeway access make Echo Park a quintessential neighborhood for exploring, quickly shaping it as one of the most up-and-coming areas in the city. It continues to draw interest from predominately independently owned restaurants, bars, and boutiques, which make for eccentric and one-of-a-kind experiences. With adjacent access to the 101 Freeway, the subject property is less than 15 minutes to other major neighborhoods around Los Angeles such as: Hollywood, Downtown LA, Burbank, and Studio City. Property Summary: Gross Square Feet: 3,150 SF + Bonus ~900 SF Mezzanine Property Type: Retail Stories: 1 Power: To Be Verified Clear Height: 8’ - 14’ Loading Door: 10’ x 10’ Year Built: 1951 Zoning: CM-IVL Parking: ~10 Spaces | 3.17/1,000 SF*layer625 N ALVARADO ST *Located in a Los Angeles state enterprise zone, allowing for a reduced parking requirement.