1915 Park Avenue - Apartments FOR SALE


Los Angeles, CA 90026- Echo Park
$18,000,000 USD
310-909-5444
1915 Park Avenue, Los Angeles, CA for Sale
$18,000,000 USD
Apartments - FOR SALE
1/57
null | 4.52% Cap Rate

1915 Park Avenue
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • 36-unit newly constructed multifamily investment opportunity completed in 2025.
  • Located in the heart of Echo Park, one of Los Angeles’ most dynamic and sought after urban neighborhoods.
  • Well-balanced unit mix of (16) studios (avg. 421 SF), (16) 1 + 1 units (avg. 691 SF), and (4) 2 + 2 units (avg. 1,069 SF)across 6 residential floors.
  • Units are offered in stacked layouts with multiple floor plan configurations, providing tenants a variety of living options.
  • Interior finishes include quartz countertops, modern appliances, laminate flooring, keycard entry, in-unit doorbell systems, & ventless washer/dryer.
  • Parking includes 18 on-site spaces, with an additional 12 spaces provided through a lease agreement with the neighboring property.

OVERVIEW

The Neema Group of Marcus & Millichap is pleased to present 1915 Park Avenue, a 36-unit newly constructed multifamily investment opportunity completed in 2025 and located in the heart of Echo Park, one of Los Angeles’ most dynamic and sought after urban neighborhoods. The property features a well-balanced unit mix of 16 studios (avg. 421 SF), 16 one-bedroom/one-bath units (avg. 691 SF), and 4 two-bedroom/two-bath units (avg. 1,069 SF) across six residential floors, totaling approximately 37,830 gross square feet. Units are offered in stacked layouts with multiple floor plan configurations, providing tenants a variety of living options. Interior finishes include quartz countertops, modern appliances, laminate flooring, keycard entry, in-unit doorbell systems, and ventless washer/dryers. The building’s amenity package is designed for the modern renter, highlighted by a rooftop lounge with BBQs, a garden-inspired setting, and panoramic views of Echo Park Lake and Downtown Los Angeles. Parking includes 18 on-site spaces, with an additional 12 spaces provided through a lease agreement with the neighboring property. The parking area is equipped with EV charging stations and secure bike storage lockers. RUBS are in place through individual unit submeters, and the property utilizes a ButterflyMX smart intercom system for keyless, app-based tenant access. Tenant storage is currently offered at no charge, presenting potential ancillary income for a new owner. Echo Park remains one of Los Angeles’ most walkable and rapidly evolving neighborhoods, attracting a strong mix of young professionals, creatives, and families. The property benefits from close proximity to Downtown LA, Silver Lake, Los Feliz, and Chinatown, with direct access to the 5, 2, 110, and 101 freeways. The neighborhood’s vibrant dining, nightlife, and outdoor amenities surrounding Echo Park Lake continue to support strong renter demand and long-term rent growth. 1915 Park Avenue represents a rare opportunity to acquire a turnkey asset in one of Los Angeles’ most supply-constrained urban submarkets, supported by in-place income and a highly desirable location that continues to attract one of the city’s strongest renter demographics.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$476 USD /SF

# OF UNITS

36

PRICE/UNIT

$500,000

CAP RATE

4.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,320 SF

ZONING

LAC2

APN/PARCEL ID

5404-001-036

ASK ABOUT THIS PROPERTY

Neema AhadianMarcus & MillichapMore Info
310-909-5444

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Neema AhadianMarcus & MillichapMore Info
310-909-5444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.