Closed
1615 Park Avenue
Los Angeles CA, 90026
$6,250,000
$471.34 per sqft
Closed
27 Beds
15 Baths
13,260 sqft
Residential
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.
23289265
MLSⓇ ID
July 11, 2023
Listed
May 17, 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
311
Garage
No
Parking
Controlled Entrance
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
5/17/2024 | Sold | $6,250,000 |
Listed by Andres Diaz, Keller Williams Downtown LA, CA DRE 01956479
Listing Contact: 213-797-7182
Based on information from the CRISNet MLS as of 5/17/2024, 6:13 PM UTC. 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. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
©2024 CRISNet MLS. All rights reserved.