Sold

1615 Park Ave

Los Angeles CA, 90026

$6,250,000


$471.34 per sqft

Sold

27 Beds

15 Baths

13,260 sqft

Multi-family

Built in 2020

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.

23-289265

MLS ID

July 11, 2023

Listed

July 13, 2024

Updated

Map

1615 Park Ave
Los Angeles CA, 90026

Interior Features

Total Stories

3


Bedrooms

27


Total Bathrooms

15


Appliances

Dishwasher, Dryer, Elevator, Garbage Disposal, Hood Fan, Microwave


Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning, Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.2 Acres

Other Property Details

Area Name

Silver Lake - Echo Park


Days on Market

311


Garage

No


Parking

Controlled Entrance


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listing History

Date

Event

Price

5/17/2024

Sold

$6,250,000

Listed by Andres Diaz with Keller Williams Downtown LA
Listing Contact: 323-376-2469 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor RSR Rogers Stellini Ritt Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/13/2024

Powered byLuxury Presence