1615 Park Ave, Los Angeles, CA 90026
FOR SALE0.35 ACRES

1615 Park Ave
Los Angeles, CA 90026

Echo Park
  • 27 Beds
  • 15 Baths
  • 13,260 sqft (on 0.35 acres)
  • 27 Beds
  • 15 Baths
  • 13,260 sqft (on 0.35 acres)

$7,000,000

Est. Mortgage $44,363/mo*
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Local Information

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Description

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.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$528
Listed
180+ days ago

Home Details for 1615 Park Ave

Interior Features

Beds & Baths
Number of Bedrooms: 27Number of Bathrooms: 15
Dimensions and Layout
Living Area: 13260 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Disposal, Exhaust Fan, MicrowaveDishwasherDisposalDryerMicrowave
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Air Conditioning,Central AirHas HeatingHeating Fuel: Central
Levels, Entrance, & Accessibility
Stories: 3Elevator

Exterior Features

Exterior Home Features
Other Structures: None
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Secured

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 2020
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family

Price & Status

Price
List Price: $7,000,000Price Per Sqft: $528

Active Status

MLS Status: Active

Location

Direction & Address
City: Los Angeles

Agent Information

Listing Agent
Listing ID: 23-289265

Building

Building Area
Building Area: 13260 Square Feet

Lot Information

Lot Area: 0.35 acres

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 23-289265
Last check for updates: about 8 hours ago
Listing courtesy of Andres Diaz DRE # 01956479, (323) 376-2469
Keller Williams Downtown LA, (213) 797-7000
Source: CLAW, MLS#23-289265

Price History for 1615 Park Ave

DatePriceEventSource
07/11/2023$7,000,000Listed For SaleCLAW #23-289265

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Neighborhood Overview

Echo Park
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Echo Park

  • Trulia User
    "I grew up here with my grandparents. I have always felt at home here and I wish I could return to live here once more. But it's just way too expensive it saddens me to the core that I can't afford to live where I grew up. "
    4
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  • Trulia User
    "it's great there are lots of parks there is the river to walk along, they might not like the coyotes "
    0
    Flag
  • Trulia User
    "I love views and proximity it offers to DTLA but also how tucked away it is too :) neighbors are all super friendly too. "
    2
    Flag
  • Trulia User
    "Holiday block activities, neighbors keep an eye for one another. Sense of community. Feeling safe with like minded people. "
    0
    Flag
  • Trulia User
    "In traffic, the commute is 5 minutes to my office DTLA. And access to the 110, 5, and 101 is a breeze. "
    0
    Flag
  • Trulia User
    "Not kid-friendly unless you grew up here and understand the dynamics of life for families in Los Angeles as a general thought. "
    0
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  • Trulia User
    "People walk their dogs in the neighborhood all the time, but there are coyotes and skunks to be on the lookout for."
    0
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  • Andrewjmartinez87
    "it's pretty dog friendly, with plenty of park near by. echo park lake and Elysian pack are great spots to take your pup. they're both spacious with benefits to both. Elysian has many trails to discover and echo park lake has a great picnic spot to bring your dog. "
    5
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  • Bret H.
    "Close to Elysian Park for long doggie hikes and also close to Silver Lake dog park for play time.vuh"
    0
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  • Marina L.
    "Very diverse community; highly walkable with many mom and pop shops plus interesting boutiques and restaurants"
    1
    Flag
  • Claire T.
    "Sidewalks everywhere so there are tons of dog owners out and about. No real off leash park close by however. "
    1
    Flag
  • Janellica.ohanian
    "Echo park is pretty safe and family friendly. Great for young single families. Very diverse community even though that was caused mostly by gentrification. Overall wonderful food and coffee shops walking and driving distance. My small family loves living here. "
    5
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  • Dylan R.
    "The hills are a bit rough, and like most of LA, parks are limited. I feel bad for dogs here, especially the larger breeds. They belong in nature."
    1
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  • Adrianna
    "Bus stop right at the corner. You can go east 5 minutes and you are downtown or you can go west 20minutes and you’re in Hollywood."
    2
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  • Micah.greenberg
    "I work for myself, so commute is optional. I go to a coworking space downtown. Sometimes I work in Highland Park, which is also not far."
    0
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  • Clairethorn
    "A lot of people have dogs here and there’s easy access to Elysian park on my street so lots of hiking. Not a lot of dedicated dog parks, though. "
    1
    Flag
  • Afonso S.
    "Depends on where you work but this neighborhood has great access to several freeways to anywhere in the city."
    0
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  • Mary E. R.
    "Echo park is great things are starting to get oversaturated and the streets do tend to be dirty and filled with trash at times. Echo park lake is somewhat clean."
    0
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  • Mariette M.
    "In the past few years traffic has increased immensely. I’ve always felt safe, but crime, noise and litter have increased with the growing population. "
    1
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  • Noah C. B.
    "I’ve been in echo park for the last 4 years and have loved seeing the place blossom. Everyone in the area is kind and neighborly. "
    8
    Flag
  • Fisherloric
    "Most places are dog friendly and most people have their dogs on leash. Elysian park is nice to be able to let them off leash for a bit."
    0
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  • Marah S.
    "Living by Bob’s market hot rods do donuts all night long. It is loud and dirty. It is now also expensive. "
    10
    Flag
  • Liz M.
    "It’s the most unique neighborhood in LA. Young, hipster hotspots on Sunset, and tons of families with young kids in the hills in Elysian Heights. "
    4
    Flag
  • Besmasrico
    "we have a community events year round like the lotus festival, Christmas parade, local business weekend."
    1
    Flag
  • Metal_heart_us
    "there's access to public transportation 24/7. The Metro station is not far, about 2 miles or less. it's a safe community. "
    0
    Flag
  • Mike S.
    "Good bars & clubs . Chintowns restaurants are b’s & c’s. Lassens is expensive , salad bar is ok. Bk on sunset is cheaper than bk on Glendale blvd"
    0
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  • Leva S.
    "There is an elementary school and lots of school age children in echo park. Echo park has two different faces daytime and nighttime. "
    0
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  • josh j
    "Elysian Heights Elementary is a hidden gem. It’ll be a magnet next year. Lots of families walking and tons of trails."
    0
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  • Hans L.
    "I like this neighborhood, I don’t have kids but do know parents in the neighborhood. Seems to be safe, I think it’s changing a bit but I do not see many parents around Echo Park. "
    0
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  • Swayser
    "I walk most places since everything I need is in my neighborhood but if I leave echo park / Sikverlake area, I drive "
    0
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  • James P.
    "Can walk to store, Lake and thrift shops. Schools are in transition and need more funding. Buses abound but it is hard to get to train stop. Traffic revolves around dodger stadium games."
    1
    Flag
  • Lsalm
    "Lots of places to walk to for a quick bite or to see live music or grab a cocktail with friends. Easy access to public transportation. Parking can be challenging on street sweeping days and during Dodger games."
    2
    Flag
  • Lsalm
    "It has a great mix of people and is very walkable. Close to public transportation. I like the variety of places there are to eat close by."
    3
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  • howardtfleming3
    "Echo Park might be the last egalitarian neighborhood in LA. Working class, hipsters, artists, professionals, Latinos, Caucasians, Asians, African Americans, Gay, Straight, dog lovers, kids, old, young.. I see all of them every day here. Echo Park is funky, artsy and a little rough around the edges. And what other LA neighborhood has TWO great parks (Echo Park Lake & Elysian Park).."
    7
    Flag

LGBTQ Local Legal Protections

Andres Diaz, Keller Williams Downtown LA
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1615 Park Ave, Los Angeles, CA 90026 is a 27 bedroom, 15 bathroom, 13,260 sqft multi-family built in 2020. 1615 Park Ave is located in Echo Park, Los Angeles. This property is currently available for sale and was listed by CLAW on Jul 11, 2023. The MLS # for this home is MLS# 23-289265.