$7,000,000
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1615 Park Ave Los Angeles, CA 90026
27 Beds
15 Baths
13,260 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,260 sqft
Price per Sqft $471
MLS Listing ID 23-289265
Bedrooms 27
Year Built 2020
Lot Size 8,513 Sqft
Property Description
Kingside Investment Group of Keller Williams Downtown Los Angeles is proud is present 1111 Echo Park Avenue, a luxuriously built 2020 new construction apartment building in Echo Park. The property is comprised of nine (9) one-bedroom units that vary in size from 740 square feet to 1,050 square feet and two (2) two-bedroom/two-bathroom units that measure 1,300 square feet. The property offers a superb location across Echo Park Lake and one block away from Sunset Boulevard. Each unit boasts private balconies, in-unit washer/dryer, and stainless-steel appliances. The apartment complex is fully leased and offers a prospective investor very attractive assumable financing in the amount of $4,500,000 with a fixed rate of 4.30% till 2027. 1111 Echo Park Avenue presents an opportunity to acquire a non-rent-controlled asset in a submarket that has little to no inventory for new construction development due to its harsh new development regulations and scarcity of land. Certificate of Occupancy was issued in March 2022 and the property has controlled access with an elevator and gated garage.
Location
State CA
County Los Angeles
Area Silver Lake - Echo Park
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Central
Cooling Air Conditioning, Central
Equipment Dishwasher, Dryer, Elevator, Garbage Disposal, Hood Fan, Microwave
Exterior
Garage Controlled Entrance
Building
Story 3
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Keller Williams Downtown LA