1615 Park Avenue
1615 Park Avenue
$6,250,000
27
15
13,260
13,260
$471
Sold 5/17/24
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...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.
- Listed by Andres Diaz • DRE #01956479 • Brokerage DRE #01364089 • Keller Williams Downtown LA
Property Details for 1615 Park Avenue
Zoning
LAR3
Parcel Number5404018011
Total Units11.0
Living Area13260
Source Living AreaDeveloper
AreaSilver Lake (671)
Vacancy Rate0
Lot Size Area8513
Location
LISTING UPDATED: 05/17/2024 09:53 AM
Property Details for 1615 Park Avenue
Status | Sold |
---|---|
MLS # | 23-289265 |
Days on Market | 311 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2020 |
Lot Size | 0.20 AC / 8,513 SF |
County | Los Angeles County |
Location
Building Information for 1615 Park Avenue
Stories3Residences-Year Built2020Building Size-Lot Size0.20 AC / 8,513 SF
Payment Calculator
$40,469 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1615 Park Avenue
Property History for 1615 Park Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1615 Park Avenue
Taxable ValueLand$3,363,771Additions$2,839,116Total$6,202,887
Tax Record2023$76,326 ($6,360 / month)
Home Facts
Total Finished SqFt12,630 SqFtAbove Grade Finished SqFt12,630 SqFtLot Size15,104 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR3CountyLOS ANGELESAPN5404-018-011
Schools near 1615 Park Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Logan Academy of Global Ecology PublicK to 8 | ||
Edward R. Roybal Learning Center Public9 to 12 | ||
Miguel Contreras Learning Complex School Public9 to 12 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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