1615 Park Avenue

Los Angeles, CA 90026

$7,000,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $527 / sqft

2020

calendar_month Built

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Central Air

Listing Information

Address 1615 Park Avenue
City Los Angeles
State CA
Zip 90026
County Los Angeles
Listing Agent Andres Diaz DRE#01956479
Courtesy Of Keller Williams Downtown LA
MLS 23289265
List Price $7,000,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 8,513
Year Built 2020
DOM 9

Exterior Information

Maps

Listing information courtesy of: Andres Diaz, Keller Williams Downtown LA . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 19th, 2023 at 3:10 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.