The Echo Park Collection

12-06-2021
06-06-2022

Los Angeles, CA 90026

Los Angeles, CA 90026

Los Angeles, CA 90026

Portfolio Description

KW Commercial is pleased to present for sale the Echo Park Collection – a collection of 84 units in the ultra-hip Echo Park. The offering consists of 1416 Echo Park Avenue (32-units), 1650 Echo Park Avenue (28-units), and 1461 W Sunset Blvd (24-units). All three properties are located within a 1-mile radius in the red-hot Echo Park sub-market.
If Los Angeles is one of the largest and important cities in the world, Echo Park may be the hippest neighborhood in all of Los Angeles. Beginning as a small eclectic community, neighboring the Silver Lake and Downtown Los Angeles, Echo Park has morphed into a must-visit destination and a dream location for youthful renters and homebuyers. All three properties boast the enviable “Very Walkable” Walkscore designation, with stylish and trendy cafes, restaurants, and entertainment venues within walking distance. Echo Park is sandwiched between two of Los Angeles’ most prominent employments centers; Downtown Los Angeles and Hollywood, providing residents with convenient access to over 750,000 jobs.
1416 Echo Park Avenue, or “Big Mama Court” as known to the locals, is a sprawling bungalow courtyard property that stands out due to its striking design and unique original details. 1416 Echo Park Avenue embodies the “cool” and “original” characteristics of Echo Park and is a shining star on Echo Park Avenue. The property was built in 1923 and has a unit mix of One (1) Three Bedroom – One Bathroom, One (1) Two Bedroom – One Bathroom and Twenty-Three (23) One Bedroom – One Bathroom and Seven (7) Single – One Bathroom apartment homes situated on a 16,418 sq ft corner lot. The property has significant upside potential in rents, excellent street frontage on Echo Park Avenue, gated entries, common area laundry and city views from many upper units. The property features hardwood floors, remodeled kitchens and baths in several units, updated electrical panels, and 13 garages.
1650 Echo Park Avenue is a 28-unit boutique trophy multi-housing community. Built in 1928, the Echo Park Apartments boasts a well-balanced unit mix including and one (1) Two Bedroom – One Bathroom unit, Twelve (12) One Bedroom – One Bathroom units, and fifteen (15) Studio apartments, with numerous units featuring treetop views and select ground floor units featuring private patios. Recent meaningful upgrades include the renovation of more than ½ the interior units featuring high-end interior finishes including refinished hardwood floors, new countertops, exposed brick, and stainless-steel appliances.
1461 W Sunset Blvd is the best of both worlds, a mixed-use property featuring retail on the ground floor and multifamily. The property has four ground-level (4) Commercial units and Five (5) 1 Bedroom -- 1 Bathroom units and Fifteen (15) Studio apartments. The building façade and common areas saw meaningful upgrades, featuring thoughtful design elements in keeping with the neighborhood’s aesthetic. Specific unit upgrades are beautifully treated original hardwood floor, news tiles in kitchen and bathroom, new kitchen countertops, new appliances, and exposed brick in select units.

Key Portfolio Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Mixed-Use
Price
$ 31,125,000
No. of Units
84
Building Size
53,899 Sq ft
Price per unit
370,536
Lot Size
33541 sq ft
Opportunity Zone
No
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34.075479, -118.253655

34.082715, -118.25426

34.078198, -118.256287

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