Thank you
Andres Diaz
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.
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Total Bedrooms : 27
Total Baths: 15
Full Baths: 0
Half Baths: 0
Property Appliances: Dishwasher,Disposal,Microwave,Dryer
Central Air
Air Conditioning
Central
Has Heating
Year Built: 2020
Building Area Total: 13,260
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1954
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8513
Original List Price: 7,000,000
Listing Contract Date: 2023-07-11
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5404018011
Garage Description: Controlled Entrance
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C21 - Silver Lake - Echo Park
Postal Code Plus 4: 4255
Directions: Direclty across from Echo Park and south of Sunset Boulevard.
Zoning: LAR3
Source Property Type: Residential Income
Area: C21 - Silver Lake - Echo Park
Property Age: 4
Year Built Source: Vendor Enhanced
Total Square Feet Living: 13260
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2140 Lemoyne Street, Los Angeles, CA,90026 | $3,200,000 | 3 | -- | -- | 7505 Sqft |
802 N Dillon Street, Los Angeles, CA,90026 | $1,450,000 | 6 | -- | 2,288 | 3828 Sqft |
1321 Laveta Terrace, Los Angeles, CA,90026 | $439,000 | -- | -- | -- | 5257 Sqft |
1427 Laveta, Los Angeles, CA,90026 | $1,990,000 | -- | -- | 1 | 10262 Sqft |
1804 Echo Park Avenue, Los Angeles, CA,90026 | $1,310,000 | 5 | -- | 2,319 | 5357 Sqft |
1804 Echo Park Avenue, Los Angeles, CA,90026 | $1,390,000 | 5 | -- | 2,319 | 5357 Sqft |
1600 W Court Street, Los Angeles, CA,90026 | $995,000 | 4 | 2 | 1,762 | 3387 Sqft |
1120 Logan Street, Los Angeles, CA,90026 | $1,995,000 | 10 | -- | 4,912 | 6269 Sqft |
1622 Ewing Street, Los Angeles, CA,90026 | $2,425,000 | 3 | -- | 2,296 | 2612 Sqft |
907 Glendale Boulevard, Los Angeles, CA,90026 | $2,575,000 | 4 | -- | 4,312 | 7500 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 14:41
MLS: 23289265
LISTED BY: Andres Diaz, Keller Williams Downtown LA
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.