1615 Park Avenue
Los Angeles, CA 90026
- – beds
- – baths
- – sqft
- 8,513 sqft lot
- 2020 build
- – on site
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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.
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Last updated May 17, 2024
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MLS# 23289265 —
The Building
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Year Built:2020
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New Construction:No
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Building Area Total:13260.00
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Total Number Of Units:11
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# of Buildings:1
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Stories Total:3
Interior
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Levels:Multi/Split
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Laundry:Dryer Included
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Laundry:1
Location
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Directions:Direclty across from Echo Park and south of Sunset Boulevard.
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Latitude:34.07535500
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Longitude:-118.25872000
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:8513.0000
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Lot Size Acres:0.1954
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Lot Size SqFt:8513.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5404018011
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Appliances:Dishwasher, Disposal, Microwave
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Controlled Entrance
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/17/24
May 17, 2024
|
Sold | CRMLS_CA | $6,250,000 | -10.7% |
|
7/11/23
Jul 11, 2023
|
Listed / Active | CRMLS_CA | $7,000,000 |
