Investment Overview

Marcus and Millichap is pleased to present a five (5) unit apartment building located at 2011 Echo Park Avenue in Los Angeles, California. The subject property is located in a prime Echo Park location, west of Stadium Way and north of Sunset Boulevard. Echo Park is a diverse and eclectic area, attracting strong development and new residents every year. Echo Park is a rapidly changing rental market that is adjacent to Silver Lake and Downtown Los Angeles. Echo Park has been subject to an invigorate stream of new housing development, community re-positing, and an increased demand of living in the area. Anchored by an eponymous lake dotted with swan boats and lotus flowers, and wrapped around Los Angeles’s second-largest park, the Echo Park neighborhood is also a nature-lover’s refuge in the heart of the city. Sunset Boulevard is the main thoroughfare and commercial artery that runs through the neighborhood, where along the boulevard and side streets you’ll find local favorites such as the Andante Coffee Shops, Mohawk Bend, and countless nightlife entertainment including the Short Stop and Sunset Lounge. Locals and visitors alike enjoy paddle-boating around the lake and watching the world-famous Los Angeles Dodgers play at Dodger Stadium. Over the last decade, Echo Park has been transforming into a proud revitalizing landmark within the City of Los Angeles. Built in 1924, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units, one (1) two-bedroom / one-bathroom unit, one (1) two-bedroom / one-bathroom SFD style unit, and one (1) two-bedroom / two-bathroom unit. Four (4) units will be delivered vacant. The property boasts turn-key cottage style community with tons of charm and character. All units are detached with separate yards that look and feel like single-family homes. Four (4) units feature major upgrades to plumbing and electrical, three (3) units are fully renovated. Tenants will love living just a block away from incredible outdoor recreation at the Elysian Park Trail and from premier dining at the Lady Byrd Cafe. The property is gated and secure with plenty of street parking available for residents. Situated in a prime Echo Park location, this offering presents an excellent opportunity for any investor to acquire a charming cottage style community with detached units that look and feel like single-family homes in a core market of Los Angeles.