Silver Lake / Echo Park Real Estate - Los Angeles

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Hot Silver Lake - Echo Park Properties

$10,500,000

ACTIVE Status

We are proud to exclusively present for sale a designer Construction Portfolio with 107 Residential Units two blocks to the Echo Park Lake! Each Project is meticulously designed to be the stand-out of the area, with 801 N. Alvarado St. consisting of 55 Units and 900 N. Alvarado St. consisting of 52 Units (made up of 47 + 5 ADUs). Both Projects will have the bells and whistles that demanding tenants expect from a Class A design! With a high barrier to entry and area rents higher than $5 PSF, this is a great pocket to build in! Each building will have common areas with views, with 900 N. Alvarado St. having units with private common spaces and recreation rooms, a co-working room, a Leasing Office and Bike Room, all accessed from a comfortable lobby; the spaces designated for future ADUs are in addition to the listed spaces. The 900 N. Alvarado Project will consist of mostly 1+1s, with eight 2+2s and one 3+2. The 801 N. Alvarado Project will consist of mostly 1+1s, with twelve 2+2s and six singles. Each Project will have 5 units reserved for Extremely Low Income. 900 N. Alvarado is RSO Exempt and 801 N. Alvarado will be delivered vacant. The Projects, as of now, include two levels of subterranean parking. Per AB2097, each Project's Entitlements have already received a Clarification Letter from the Dept. of City Planning granting permission for the Buyer to remove any, or all, of the subterranean parking resulting in cheaper construction costs and a faster project buildout. The property is in a tremendously pedestrian-friendly location; Walk Score calls the area a Walker's Paradise! With Vons, Lassens and the coming Sprouts Market a very short distance away, most day-to-day needs can be accomplished on foot. Come to Prime Echo Park, the center of a dining, nightlife, shopping and hospitality enclave that young professionals are looking for! This listing includes two sites each consisting of two APNs. 801 N. Alvarado St.: 5402-037-003 & 5402-037-004. 900 N. Alvarado St.: 5404-004-026 & 5404-004-002.

801 N Alvarado St, Los Angeles

Courtesy of , Dario Svidler - CA DRE#

$8,950,000

34 Beds ⋅ 30 Baths ⋅ ACTIVE Status

Built in 1928, the property features One Bedroom and Two Bedroom floorplans. Nineteen (19) of Thirty (30) units have been completely renovated, featuring stainless steel appliances, quartz countertops, stainless chrome designer fixtures, and hardware, new modern cabinetry, and wood-inspired flooring. Upper-Level units have views of the Hollywood sign, cityscape, and surrounding treetops. A separate entrance accesses an additional income generator in a Creative/Flex/Work Space - this space is currently unrented. The Marathon Apartments also provides access to attractive building amenities, such as an on-site laundry facility and a gated parking lot steps from the property. New owners will have the opportunity to renovate the remaining 11 units to achieve significant rental premiums. Electrical & Gas utilities are separately metered. The property is one block from Virgil Avenue, just named "LA's Coolest Street" by TimeOut Media. Virgil Village is known for its vibrant cafes, bars, and neighborhood scene. Marathon Apartments' strategic location between Santa Monica Boulevard and Sunset Boulevard offers even more restaurants and entertainment options. Assumable financing with 4 1/2 years remaining and +/- 44% down payment.

4108 Marathon St, Los Angeles

Courtesy of , Nick Astrupgaard - CA DRE#

$7,000,000

27 Beds ⋅ 15 Baths ⋅ ACTIVE Status

Kingside Investment Group of Keller Williams Downtown Los Angeles is proud is present 1111 Echo Park Avenue, a luxuriously built 2020 new construction apartment building in Echo Park. The property is comprised of nine (9) one-bedroom units that vary in size from 740 square feet to 1,050 square feet and two (2) two-bedroom/two-bathroom units that measure 1,300 square feet. The property offers a superb location across Echo Park Lake and one block away from Sunset Boulevard. Each unit boasts private balconies, in-unit washer/dryer, and stainless-steel appliances. The apartment complex is fully leased and offers a prospective investor very attractive assumable financing in the amount of $4,500,000 with a fixed rate of 4.30% till 2027. 1111 Echo Park Avenue presents an opportunity to acquire a non-rent-controlled asset in a submarket that has little to no inventory for new construction development due to its harsh new development regulations and scarcity of land. Certificate of Occupancy was issued in March 2022 and the property has controlled access with an elevator and gated garage.

1615 Park Ave, Los Angeles

Courtesy of , Andres Diaz - CA DRE#

$6,600,000

14 Beds ⋅ 20 Baths ⋅ ACTIVE Status

We are pleased to present a brand-new construction fourteen (14) unit apartment building located at 319 N Westlake Avenue / 320 N Mountain View Avenue in Los Angeles, California. The subject property is located in a good South Echo Park location just a couple blocks from Echo Park Lake, south of Temple Street and east of Alvarado Street. Built in 2023, this brand new construction property contains a good unit mix of four (4) one-bedroom / one-bathroom units set aside for affordable housing, one (1) one-bedroom / one-bathroom market rate unit, seven (7) one-bedroom / one and a half-bathroom market rate units with a bonus den, and two (2) one-bedroom / two-bathroom market rate units with a bonus den. Three (3) units are penthouses on the fifth floor. The one-bedrooms featuring a den can potentially be converted to two-bedroom units. Units on the upper floors have access to impeccable views across LA including Echo Park Lake, Downtown, and Hollywood. There are 0.5 parking spaces per unit for a total of seven (7) parking spaces. This mid-rise property features luxury amenities such as access to private rooftop decks that can be rented for additional income. Tenants will love being just down the street to trendy Eastside retail, restaurant, and entertainment amenities across W Temple Street and Glendale Boulevard. Some of these amenities include Target, Bloom & Plume Coffee, Tribal Cafe, Clark Street Echo Park, Laveta, 1642 Bar, and more. Outdoor recreation is less than a mile away at Echo Park Lake, with the tennis courts available even closer to the subject property. Situated in a good South Echo Park location, this offering presents an excellent opportunity for any investor to capitalize on a brand new 2023 construction mid-rise apartment building free from Los Angeles Rent control (subject to rent restrictions on select units).

319 N Westlake Ave, Los Angeles

Courtesy of , Jason Tuvia - CA DRE#

$5,890,000

ACTIVE Status

We are proud to bring to market this 62 unit development opportunity being delivered with RTI (Ready to Issue) plans in prime Echo Park!!! Situated on 25,827 square feet of land on 8 contiguous parcels, the well-designed plans feature a mix of (44) two bedroom 2 bath units, (17) one bedroom one bath units and (1) three bedroom two bath unit. The proposed project consists of 61,860 gross square feet with 59 parking spaces. 600 Alvarado is in a vibrant Echo Park neighborhood just minutes to Silver Lake, Griffith Park, and Downtown Los Angeles. Echo Park has become a mecca for young creatives, boasting hip coffee shops, stylish boutiques, indie music venues, trendy bars, taco trucks and much more!

600 N Alvarado St, Los Angeles

Courtesy of , Benjamin J. Hsiang - CA DRE#

$5,890,000

ACTIVE Status

600 N Alvarado St, Los Angeles

Courtesy of , Benjamin J. Hsiang - CA DRE#

$5,625,000

ACTIVE Status

DWG Capital Group, as exclusive advisor, is pleased to present for sale a new superior development project located at 1279 Sunset Boulevard, Los Angeles. The subject development property offers a developer/investor the opportunity to acquire a nearly shovel-ready (RTI) project (by closing), eliminating entitlement risk, significantly reducing carrying costs, and future building cost escalation risks to close to get straight to a path of profit.The fully entitled apartment development sale has an in-place, intelligent and attractive building design via an excellent architect and seasoned developer. Its C2-1VL parcel assemblage site has removed all existing improvements and is ready to issue permits. The fully stamped completed plans allow the project to commence quickly to develop a new Five-Story, 75-Unit Apartment Building along with 2 Levels of Subterranean Parking.Well-located in the heart of the flourishing Elysian Parkway/ Echo Park/ submarkets, near Dodger Stadium, 1279 Sunset is an ideal acquisition for an experienced developer looking to build quickly and establish or expand their strategic interest in Los Angeles.*DWG is also marketing a new 71-unit development site for sale if a more extensive 146-unit development portfolio is desired.

1275 W Sunset Blvd, Los Angeles

Courtesy of , John 'Judd' Dunning - CA DRE#

$4,995,000

6 Beds ⋅ 12 Baths ⋅ ACTIVE Status

Located in highly desirable Silver Lake, is this unique, one-of-a-kind true trophy six-unit income property. Known as the SanctumArtiste, the building was originally constructed as a church in1926 before being converted to apartments in 2013 (not subject to LA Rent Control), and has been completely remodeled and updated since. All the units are three level creative lofts with a perfect blend of vintage hardwood flooring and original stained glass windows mixed with sleek modern kitchens and baths. At varying sizes and layouts, they all contain two bedrooms and two bathrooms with soaring approximately 18' ceilings on the main floor. Within short distance to prime Sunset Junction and all its goods and services, the building is very attractive to high quality tenants. Other features include; gated parking with seven spaces, washers and dryers in all the units, central air and heat, and all units separately metered. Owner's also have a highly attractive assumable loan available at 3.39%, making the monthly payments just $8,859/mo, on a building bringing in over $25,000/mo in income! This is a very rare opportunity in an A+ location that is not to be missed!

900 N Hoover St, Los Angeles

Courtesy of , Eric Smilay - CA DRE#

$3,999,000

5 Beds ⋅ 4 Baths ⋅ ACTIVE UNDER CONTRACT Status

Live the ultimate Silver Lake dream in this spectacular classic Storybook home with original character and designer finishes highlighting the original 1920s fine craftsmanship. Natural light streaming in throughout the home's abundance of windows plays up the sophistication, magic, and timeless elegance of the design. Updated with luxurious quality finishes and incredible attention to detail. Features five bedrooms and four baths, a formal living room and dining room, and a grand second-story family room. The kitchen with marble countertops and custom island is a chef's dream featuring a stunning La Cornue range as well as Miele appliances hidden elegantly behind custom panels. The brilliant living room features a fireplace as well as an impressive Palladian fanlight window. A grand staircase leads you upstairs to the upper-level family room with panoramic Silver Lake Reservoir views. Beside it is a dreamy, romantic bedroom with 15ft pitched ceilings. The gorgeous primary suite overlooks the backyard and pool and includes a sitting area, custom walk-in closet, and ensuite bathroom with large shower and separate soaking tub. The front and backyards are thoughtfully landscaped using drought-tolerant California natives throughout and the pool designed with Terremoto. Plentiful indoor & outdoor spaces to entertain and relax. A separate 2-car garage with loft adds 720 sf and is the perfect flex space with endless possibilities. Located within a short distance of the Silver Lake Reservoir walking path, the meadow, highly rated Ivanhoe Elementary School, dining, shopping, and countless Silver Lake favorites.

2157 Moreno Dr, Los Angeles

Courtesy of , Natalie Stern Trabin - CA DRE#

$3,820,000

10 Beds ⋅ 9 Baths ⋅ ACTIVE Status

We are very pleased to present the exclusive opportunity to acquire two properties located side by side in one of LA's hottest neighborhoods, Echo Park. 259 N. Burlington Avenue and 265 N. Burlington Avenue, two amazing value-add opportunities offer today's savvy value-add Buyer the chance to purchase both an 8 unit apartment building and a 6,000 SF Zoned RD 1.5 with RTI permits for a 5 unit multi-family development. This historic and diverse neighborhood is home to Dodgers Stadium and Echo Park Lake, which recently re-opened after a $45 million renovation. Dine at some of the best restaurants in all of Los Angeles, including Valerie, El Prado, Ototo Sake Bar, Monty's Good Burger and Guisados Tacos which was included in Conde Nast Traveler's guide to "Best Restaurants in the World". Echo Park is also home to the Chavez Ravine Arboretum, the first and oldest Arboretum in Southern California. 259 N. Burlington Avenue is an 8-unit apartment building, 5 of 8 units will be delivered, including a newly constructed 2+1 ADU. Totaling 5,031 SF, this building features six 1-bedroom units and two 2-bedroom units. Seismic retrofit has already been completed. 5 of 8 units delivered vacant, 4 of which ready to be re-imagined and leased at market rents and one unit, the newly built 2+1 ADU complete with high-end designer kitchen, in-unit washer/dryer and AC, is ready to be leased at full market rent. Priced at $2,395,000, this 8-unit property will offer (once currently vacant units are remodeled and re-leased) a 5.2% cap and a 13 GRM, which future upside in the 3 under market rents to be increased in the future. To be purchased separately or together from the 8-unit building, 265 N. Burlington is a 6,000 SF RD 1.5 Corner lot with fully RTI plans for 5 new construction units. The RTI plans call for two detached duplexes that each offer two 5 bedrooms and 5 bathrooms and one ADU that is a 2 bedroom plus loft plus 2.5 bathrooms. When completed, the new development will offer 8,100 net rentable square feet. Total future income will total over $24,200 per month, with an ARV of $4,100,000, to be held or sold upon completion, whichever the new owners prefer. Priced at $1,495,000 this fully RTI corner development site is ready for a new owner to close and break ground! 259 & 265 N. Burlington Avenue are located just minutes away from Dodger Stadium, Echo Park Lake, USC as well as several billion-dollar developments in Downtown Los Angeles, including L.A.LIVE, Crypto.com and the Red Line Station, as well as several new high-end multi-family developments all nearby. Don't miss the chance to renovate this mostly vacant 8 unit building and build the new 5 unit while still producing income on this incredible value-add opportunity in this prime Silver Lake/Echo Park neighborhood!

259 N Burlington Ave, Los Angeles

Courtesy of , Dana Brody - CA DRE#

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