1615 Park Avenue, Los Angeles CA, 90026

Active

1615 Park Avenue

Los Angeles CA, 90026

$7,000,000

$527.90 per sqft

Active

27 Beds

15 Baths

13,260 sqft

Residential

Built in 2020

Listed by Andres Diaz with Keller Williams Downtown LA 213-797-7000

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.

23289265

MLSⓇ ID

July 11, 2023

Listed

March 23, 2024

Updated

Map

1615 Park Avenue
Los Angeles CA, 90026

Interior Features

Total Stories: 3
Bedrooms: 27
Total Bathrooms: 15
Appliances: Dishwasher, Disposal, Microwave, Dryer
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.2 Acres

Other Property Details

Area Name: C21 - Silver Lake - Echo Park
Days on Market: 8
Garage: No
Parking: Controlled Entrance
Parking Total: 0
View: No
County: Los Angeles
Pool: No
Zoning: LAR3
Buyer Agency Compensation: 2%

Listing Contact: 213-797-7000

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:29 AM UTC