The following case study describes our process selling our recently closed property at 1111 Echo Park Avenue, Los Angeles, CA 90026.

Deal Story

Talk about a once-in-a-lifetime opportunity!

KingSide Investment Group of Keller Williams Downtown Los Angeles competed for the business on the sale of a new construction 11-unit apartment in Echo Park. Due to our extensive track record in Echo Park and experience with selling multifamily in Los Angeles, we were awarded the opportunity to exclusively sell the investment asset.

1111 Echo Park Avenue is built in 2020 which means it is not subject to any form of local or state rent control laws. It is located directly across the lake and less than one block from multiple famous restaurants and breweries along Sunset Boulevard.

Each unit boasts recessed lighting, stainless steel appliances, central heat & AC, balconies, and in-unit washer and dryer. Several units feature large balconies that face Echo Park Lake and offer views of the Downtown LA skyline. Each unit is meticulously constructed, and no expense is spared in the process of building this apartment complex.

Once we teed off on our marketing strategy, we received a lot of interest in the property. We toured numerous buyers and collected six competitive offers during the process. The winning bid went to an investor that recognized the inherent value of owning a new construction apartment in a supply constrained submarket, as well as an exquisitely designed investment asset across Echo Park.

1111 Echo Park Avenue is the only apartment building to sell in Echo Park within the last two years that is not subject to any form of rent control and/or rent regulation. To learn more about this sale, or to receive a free pricing and/or exchange analysis on your multifamily property, please give us a call today.

Find out how we can help you sell you commercial real estate property. Call KingSide today.