Closed | 1615 Park Avenue

Offering Price

Sales Price

$5,900,000

Offering Highlights

Deal Highlights

Multiple Offers. Generated 7 Competitive Offers Throughout the Marketing Process.

Record-Breaking Sale. Sold for the Highest Price Per Unit and the Highest Price Per Square Foot for a Not-Renovated Building in Echo Park.

Buyer Negotiations. Negotiated for Buyer to Complete Seismic Retrofit Requirements.

All-Cash Transaction. Sold in Less Than 45 Days.

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Close of Escrow

4/1/2020

Units

12,630

Building SF

1960

Year Built

Walk Score

$467.14

Price/SF

$347,059

Price/Unit

2.97%

Current Cap

19.02

Current GRM

12,630

Building SF

1960

Year Built

$467.14

Price/SF

Units

12,630

Building SF

1960

Year Built

Walk Score

$467.14

Price/SF

$347,059

Price/Unit

2.97%

Current Cap

19.02

Current GRM

Potential Buildable Units

12,630

Land SF

$467.14

Price/Land SF

$347,059

Zoning

1960

Year Built

Walk Score

Download Executive Summary

Property video

Property Location

Echo Park

Submarket

Lead Agent Info

Andres Diaz

Managing Director

Multifamily Investments

(323) 376-2469

Andres.Diaz@kw.com

SEE THIS AGENTS PROPERTIES >