Multifamily
Boutique Apartments in Echo Park
827 Glendale Blvd, Los Angeles, CA 90026
Listing Price: $4,425,000
Investment Overview
INVESTMENT OVERVIEW -THE RARE OPPORTUNITY
827 Glendale Blvd. represents a relatively new construction apartment building across from Echo Park. A prospective buyer has the opportunity to purchase an apartment building subject to AB 1482 rent control which allows for 5% + CPI annual rent increases. In LA infill (Silver Lake, Echo Park), there's almost no developable land, entitlement takes years, and new construction is scarce and expensive. The scarcity itself is what holds cap rates at 4–5%. A building 10 years older in (Silver Lake, Echo Park) still sits on irreplaceable dirt with no wave of new competition.
Rare opportunity to purchase a premier, institutional-grade acquisition opportunity situated at the strategic epicenter of Echo Park (90026). Unlike standard, older-generation multi-family assets that dominate the Eastside submarket, this unique property features an elite architectural framework comprised of six luxury townhome-style apartments engineered with a detached, style layout (zero shared residential walls). Constructed in 1988, the building is entirely exempt from the strict regulatory caps of the Los Angeles City Rent Stabilization Ordinance, offering a sophisticated operator immediate operational runway.
INVESTING WITH PRINCIPAL SECURITY
Capital Preservation via Square-Footage Arbitrage
Offered at $4,425,000, the asset trades at a highly competitive $324 per square foot across an expansive 13,625 Gross Building Area (GBA) footprint. Recent localized market transactions demonstrate that savvy investors are aggressively paying between $620 and $715+ per square foot for pre-war, wood-frame assets heavily burdened by lifetime RSO restrictions. Acquiring modern, concrete-podium construction at a steep physical volume discount delivers an unprecedented margin of safety and a defensive cost basis.
Premium Institutional Infrastructure
The asset boasts a level of engineering typically exclusive to major institutional developments. The residential wings sit atop a secure, fully enclosed gated subterranean concrete parking garage accommodating 12 vehicle stalls (a premier 2:1 parking ratio). A commercial-grade, multi-stop elevator links the garage directly to all upper residential levels, paired with premier tenant amenities including central HVAC systems, expansive individual private balconies, massive walk-out patios, and dedicated in-unit laundry lines.
De-Risked "Proof of Concept" Value-Add
A new operator is positioned to inherit a clear, immediate blueprint for organic revenue optimization. Three of the six units have been completely transformed with high-end designer finishes, custom lighting, premium appliances, and modern bathroom surfaces. The remaining three units are maintained and kept in great shape.
LOCATION MASTERCLASS: PRIME ECHO PARK (90026)
Commanding an elite Walk Score of 90 ("Very Walkable"), the asset positions tenants within immediate walking distance to Los Angeles' most vibrant lifestyle corridor. The location sits at the immediate cultural nexus of Echo Park Lake, the Silver Lake Reservoir loop, and the premier retail/dining hubs of Sunset Junction. This highly dynamic, high-income micro-market commands perpetual tenant demand, drawing executive-tier professionals and securing near-zero vacancy exposure over the life of the hold.
EXECUTIVE FINANCIAL SUMMARY
Offering Price: $4,425,000
Number of Units: 6
Price Per Unit: $737,500
Price Per SF: $324
Gross Building Area (GBA): 13,625 SF
Lot Size Dimensions: 7,041 SF
Year Built / Vintage: 1988 (Non-RSO)
Current Capitalization Rate: 4.37%
Gross Rent Multiplier (GRM): 14.82
Parking Allocation: 12 Subterranean Stalls (Gated)
Acoustic Envelope: Residential Alignment (Zero Shared Residential Walls)
Boutique Apartments in Echo Park
Investment Highlights
- A rare, 1988-built, non-RSO, detached-style Echo Park asset priced at a structural-value basis, with strong in-place income, secured parking, and operational flexibility that older RSO comps don't.
- Featuring massive 4-bed and 3-bed luxury, the layout offers zero shared walls. This detached footprint provides single-family scale with dual private balconies and expansive patios.
- Infrastructure rivals new luxury builds: a highly secure 12-stall subterranean garage, storage spaces, multi-stop elevator, central HVAC, and dedicated in-unit laundry rooms for every single tenant.
- Priced at just $324 per square foot, 827 Glendale Blvd presents a rare opportunity to acquire superior concrete-podium construction at a highly attractive basis. With 13,625 square feet of gross building area and upgraded electrical systems featuring new Siemens panels throughout, the asset offers investors significant structural value and long-term durability.
- With three of the six units already fully remodeled to designer standards with modern fixtures, lighting, and premium appliances. The remaining three units are maintained and kept in great shape. All the units are rented
- Commanding an 90 Walk Score, the property sits at the strategic nexus of Echo Park Lake, Silver Lake Reservoir, and Sunset Junction. Tenants have immediate pedestrian access to Los Angeles' most highly sought-after creative hubs, cultural landmarks, and high-end dining, ensuring perpetual tenant demand and near-zero vacancy loss.
- In LA infill (Silver Lake, Echo Park), there's almost no developable land, entitlement takes years, and new construction is scarce and expensive. The scarcity itself is what holds cap rates at 4–5%. A building 10 years older in (Silver Lake, Echo Park) still sits on irreplaceable dirt with no wave of new competition.
Exclusively Listed By
Listing Price: $4,425,000
Investment Highlights
- A rare, 1988-built, non-RSO, detached-style Echo Park asset priced at a structural-value basis, with strong in-place income, secured parking, and operational flexibility that older RSO comps don't.
- Featuring massive 4-bed and 3-bed luxury, the layout offers zero shared walls. This detached footprint provides single-family scale with dual private balconies and expansive patios.
- Infrastructure rivals new luxury builds: a highly secure 12-stall subterranean garage, storage spaces, multi-stop elevator, central HVAC, and dedicated in-unit laundry rooms for every single tenant.
- Priced at just $324 per square foot, 827 Glendale Blvd presents a rare opportunity to acquire superior concrete-podium construction at a highly attractive basis. With 13,625 square feet of gross building area and upgraded electrical systems featuring new Siemens panels throughout, the asset offers investors significant structural value and long-term durability.
- With three of the six units already fully remodeled to designer standards with modern fixtures, lighting, and premium appliances. The remaining three units are maintained and kept in great shape. All the units are rented
- Commanding an 90 Walk Score, the property sits at the strategic nexus of Echo Park Lake, Silver Lake Reservoir, and Sunset Junction. Tenants have immediate pedestrian access to Los Angeles' most highly sought-after creative hubs, cultural landmarks, and high-end dining, ensuring perpetual tenant demand and near-zero vacancy loss.
- In LA infill (Silver Lake, Echo Park), there's almost no developable land, entitlement takes years, and new construction is scarce and expensive. The scarcity itself is what holds cap rates at 4–5%. A building 10 years older in (Silver Lake, Echo Park) still sits on irreplaceable dirt with no wave of new competition.
Investment Overview
INVESTMENT OVERVIEW -THE RARE OPPORTUNITY 827 Glendale Blvd. represents a relatively new construction apartment building across from Echo Park. A prospective buyer has the opportunity to purchase an apartment building subject to AB 1482 rent control which allows for 5% + CPI annual rent increases. In LA infill (Silver Lake, Echo Park), there's almost no developable land, entitlement takes years, and new construction is scarce and expensive. The scarcity itself is what holds cap rates at 4–5%. A building 10 years older in (Silver Lake, Echo Park) still sits on irreplaceable dirt with no wave of new competition. Rare opportunity to purchase a premier, institutional-grade acquisition opportunity situated at the strategic epicenter of Echo Park (90026). Unlike standard, older-generation multi-family assets that dominate the Eastside submarket, this unique property features an elite architectural framework comprised of six luxury townhome-style apartments engineered with a detached, style layout (zero shared residential walls). Constructed in 1988, the building is entirely exempt from the strict regulatory caps of the Los Angeles City Rent Stabilization Ordinance, offering a sophisticated operator immediate operational runway. INVESTING WITH PRINCIPAL SECURITY Capital Preservation via Square-Footage Arbitrage Offered at $4,425,000, the asset trades at a highly competitive $324 per square foot across an expansive 13,625 Gross Building Area (GBA) footprint. Recent localized market transactions demonstrate that savvy investors are aggressively paying between $620 and $715+ per square foot for pre-war, wood-frame assets heavily burdened by lifetime RSO restrictions. Acquiring modern, concrete-podium construction at a steep physical volume discount delivers an unprecedented margin of safety and a defensive cost basis. Premium Institutional Infrastructure The asset boasts a level of engineering typically exclusive to major institutional developments. The residential wings sit atop a secure, fully enclosed gated subterranean concrete parking garage accommodating 12 vehicle stalls (a premier 2:1 parking ratio). A commercial-grade, multi-stop elevator links the garage directly to all upper residential levels, paired with premier tenant amenities including central HVAC systems, expansive individual private balconies, massive walk-out patios, and dedicated in-unit laundry lines. De-Risked "Proof of Concept" Value-Add A new operator is positioned to inherit a clear, immediate blueprint for organic revenue optimization. Three of the six units have been completely transformed with high-end designer finishes, custom lighting, premium appliances, and modern bathroom surfaces. The remaining three units are maintained and kept in great shape. LOCATION MASTERCLASS: PRIME ECHO PARK (90026) Commanding an elite Walk Score of 90 ("Very Walkable"), the asset positions tenants within immediate walking distance to Los Angeles' most vibrant lifestyle corridor. The location sits at the immediate cultural nexus of Echo Park Lake, the Silver Lake Reservoir loop, and the premier retail/dining hubs of Sunset Junction. This highly dynamic, high-income micro-market commands perpetual tenant demand, drawing executive-tier professionals and securing near-zero vacancy exposure over the life of the hold. EXECUTIVE FINANCIAL SUMMARY Offering Price: $4,425,000 Number of Units: 6 Price Per Unit: $737,500 Price Per SF: $324 Gross Building Area (GBA): 13,625 SF Lot Size Dimensions: 7,041 SF Year Built / Vintage: 1988 (Non-RSO) Current Capitalization Rate: 4.37% Gross Rent Multiplier (GRM): 14.82 Parking Allocation: 12 Subterranean Stalls (Gated) Acoustic Envelope: Residential Alignment (Zero Shared Residential Walls)
Exclusively Listed By
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