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.
This property is $6.0M more than the Median Sold Price and $100/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #23289265
Listing Office:
Office Name: Keller Williams Downtown LA
Office Phone: (213) 797-7000
Listing Agent: Andres Diaz
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 11:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 20, 2020
Mar 20, 2020Home Sold
$5,900,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$71,882
$5,962,059
2020
$32,344
$2,651,958
2019
$32,057
$2,599,959
2018
$31,335
$2,548,980
2017
$31,335
$2,499,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.00 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school23.42 miles
Public Magnet Grades 1-5
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school25.01 miles
Public Magnet Grades KG-5
Middle School
3
/10
Logan Street Elementary School
1711 Montana St
Distance between this listing and this school0.28 miles
Public District Grades KG-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school2.39 miles
Public District Grades 6-8
High School
3
/10
Edward R. Roybal Learning Center
1200 Colton St
Distance between this listing and this school0.94 miles
Public District Grades 9-12
2
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school1.03 miles
Public District Grades 9-12
1
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school1.21 miles
Public District Grades 9-12
Assigned Schools
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.00 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school23.42 miles
Public Magnet Grades 1-5
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school25.01 miles
Public Magnet Grades KG-5
Assigned Schools
3
/10
Logan Street Elementary School
1711 Montana St
Distance between this listing and this school0.28 miles
Public District Grades KG-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school2.39 miles
Public District Grades 6-8
Nearby Schools
7
/10
Gabriella Charter
1435 Logan St
Distance between this listing and this school0.36 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
Edward R. Roybal Learning Center
1200 Colton St
Distance between this listing and this school0.94 miles
Public District Grades 9-12
2
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school1.03 miles
Public District Grades 9-12
1
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school1.21 miles
The neighbors living near this home have an average income of $38,874. The majority of Los Angeles, CA residents have income less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1615 Park Ave
What is the listing price of this property?
The listing price of 1615 Park Ave property is $7,000,000.
What type of property is this?
The property 1615 Park Ave is a house located in Los Angeles, California, 90026.
Is this property for sale now?
Active Listing: 1615 Park Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1615 Park Ave are: Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Point Fermin Elementary School: GreatSchools Rating 6/10Logan Street Elementary School: GreatSchools Rating 3/10Studio: GreatSchools Rating 4/10Edward R. Roybal Learning Center: GreatSchools Rating 3/10Belmont Senior High School: GreatSchools Rating 2/10Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 1/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $71,882 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 20, 2020 for $5,900,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1615 Park Ave has 27 bedrooms and 15 bathrooms.
What is the square footage of this property?
The property 1615 Park Ave is 13,260 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1615 Park Ave is 2020.
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This home is located at 1615 Park Ave in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This 13,260 square foot home, which was built in 2020, sits on a 0.20 acre lot. Features: 27 bedrooms, 15 bathrooms. It has been listed on Rocket Homes since July 11, 2023 and is currently priced at $7,000,000.
In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. The inventory of homes for sale in Los Angeles, CA between February 2024 and March 2024 increased by 10.8%. Listings spent 34 days on the market in March 2024, and had a median list price of $975,970 during the same period.
From Rocket Homes Real Estate and based on county public records data.