Investment Overview

Institutional Property Advisors (“IPA) has been engaged on an exclusive basis to present for sale Echo Park Village (“Echo Park Village” or “the Property”), which is a 78% leased prime urban retail center located in one of LA’s most dynamic submarkets: Echo Park. Since revitalization of the neighborhood began more than 30 years ago, Echo Park has developed a reputation as a cultural epicenter, boasting an eclectic array of trendy eateries, chic bars and an unrivaled nightlife. The Property is strategically located along the highly trafficked Glendale Blvd (28,200 vpd) and features a curated tenant mix, superb access and visibility, and meticulously maintained design elements that distinguish it within the submarket. Echo Park Village customers can indulge in delicious pizza with a full wine bar at Gra Pizzeria, savor fresh baked goods and artisanal sandwiches from Clark Street Bread, experience rejuvenating yoga sessions at One Down Dog, and relish the exquisite dry-aged Wagyu steaks imported from Australia at Butchr Bar. Further, the Property benefits from its densely populated trade area with more than 1.2 million residents within a five-mile radius, and is surrounded by more than 9,000 multifamily units that are currently under construction. Echo Park Village is being offered unencumbered by existing financing and can be acquired at an attractive basis well below recent trades that have exceeded $1,300 PSF, making it a highly compelling, value-add investment opportunity in one of Los Angeles’ most sought after neighborhoods.