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1915 Park Avenue
Los Angeles, CA 90026
Multifamily Property For Sale
·
36 Units
Investment Highlights
- 36-unit newly constructed multifamily investment opportunity completed in 2025.
- 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.
- Interior finishes include quartz countertops, modern appliances, laminate flooring, keycard entry, in-unit doorbell systems, & ventless washer/dryer.
- Located in the heart of Echo Park, one of Los Angeles’ most dynamic and sought after urban neighborhoods.
- Units are offered in stacked layouts with multiple floor plan configurations, providing tenants a variety of living options.
- Parking includes 18 on-site spaces, with an additional 12 spaces provided through a lease agreement with the neighboring property.
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $500,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | A |
| Cap Rate | 4.52% | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 13.75 | Building Size | 37,830 SF |
| No. Units | 36 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | ||
| Zoning | LAC2 | ||
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| Gross Rent Multiplier | 13.75 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.19 AC |
| Building Size | 37,830 SF |
| No. Stories | 6 |
| Year Built | 2025 |
| Zoning | LAC2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
Site Amenities
- 24 Hour Access
- Roof Terrace
- Storage Space
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 388 - 447 |
| 1+1 | 16 | - | 594 - 687 |
| 2+2 | 4 | - | 964 - 1,192 |
Property Taxes
| Parcel Number | 5404-001-036 | Improvements Assessment | $1,250,000 |
| Land Assessment | $3,223,200 | Total Assessment | $4,473,200 |
Property Taxes
Parcel Number
5404-001-036
Land Assessment
$3,223,200
Improvements Assessment
$1,250,000
Total Assessment
$4,473,200
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