Engine Real Estate Services, Inc. is pleased to present 1650 Echo Park, a four-story Art Deco property which totals 20,889 SF.
Please contact broker for full Offering Memorandum and financials.
Orginially constructed in 1928 this property' s unique design features a classic lobby, a grand staircase and an elevator. It is comprised of 29 apartment units with an art gallery basement unit.
This property provides a new owner an irreplaceable long-term appreciation opportunity with stable current cash flow and value-add upside in turning the remaining non-renovated units.
The property is located in the Echo Park neighborhood of Los Angeles. Following in the footsteps of neighboring Silver Lake, Echo Park, the home of Dodger Stadium, is now in the midst of its own transformation. The neighborhood boasts a hip vibe which has attracted an abundance of award winning restaurants, cafes, and entertainment venues.
The Property is located on a quiet residential street which is a short walk from iconic Sunset Boulevard. It is also within walking distance of the recently renovated Echo Park Lake (pictured on page 5) and Dodger Stadium- two of the most frequented attractions in L.A.
Echo Park is central to Downtown L.A. and Hollywood, which are two of L.A.' s most prominent employment centers.
