722 Echo Park Avenue,Los Angeles, CA 90026
Los Angeles, CA 90026
Description
We are pleased to present a nine (9) unit apartment building located at 722-745 Echo Park Ave in Los Angeles, California. The subject property is located in a prime Echo Park location, just south of Sunset Ave and west of Glendale Blvd. Situated directly across from Echo Park Lake, this well-located nine-unit multifamily property offers an attractive unit mix of one studio, seven one-bedroom units, and two newly constructed ADUs. Select units have been upgraded with vinyl plank flooring, modern kitchens, updated bathrooms, and contemporary finishes, while recent capital improvements include fresh exterior paint and new roofs on two existing structures. The property also features four single-car garages with potential for future ADU conversion, on-site laundry, and scenic lake views. Residents enjoy immediate access to the 101 and 110 Freeways, major commercial corridors including Sunset Boulevard and Glendale Boulevard, and popular neighborhood destinations such as Sunset Junction, Elysian Park, The Echoplex, Silver Lake's renowned dining, shopping, and entertainment options. Offering an exceptional combination of location, stable cash flow, recent improvements, and meaningful value-add potential, this Echo Park asset is well-positioned to deliver both immediate income and long-term appreciation in one of Los Angeles' most sought-after rental markets.
Details
| MLS # | 26862009 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1928 |
| Days On Site | 42 |
| Listing Provided By | Marcus & Millichap | Jason Tuvia |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 9 |
| SQ Feet | 7,257 |
| Story(s) | 2 |
| Units | 9 |
| Building(s) | 5 |
| Zoning | LARD2 |
| Acreage | 0.17 |
Parking
| Attached Garage Yes / No | Yes |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90026 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90026) | |
Price: $2,525,000 low | high Med: $1,699,000 sqft: 7,257 low | high Med: 5,450 $ / sqft: $348 low | high Med: $312 On site: 42 low | high Med: 168 | |
Market Activity 90026
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90026 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90026) | |
Price: $2,525,000 low | high Med: $1,699,000 sqft: 7,257 low | high Med: 5,450 $ / sqft: $348 low | high Med: $312 On site: 42 low | high Med: 168 | |
