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
October 2, 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 Louise Leach | CA DRE# 01774966 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 10/2/2024