We are 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 Butterfly MX 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 101freeways. 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.
Multi-familyProperty Type
2025Year Built
8,320 sq ftLot Size
$476Price/Sq.Ft.
30 spacesParking
Listed by Neema Ahadian•DRE #01346750• Marcus & Millichap
Echo Park, located between Downtown Los Angeles and Silver Lake, is a hillside and lakeside Los Angeles neighborhood with a storied reservoir and a patchwork of stair streets. The neighborhood’s character concentrates around the Echo Park Lake loop by the boathouse, where coffee windows, casual eateries, and people-watching benches line the water. Echo Park Lake frames morning laps and skyline views, while Victorian and Craftsman homes climb the slopes above Sunset Boulevard. Stories Bookstore anchors the literary side, and The Echo and Echoplex keep the calendar tuned to live music. Cookbook Market and Bar brings a market-and-wine-bar rhythm to the evening. Elysian Park’s trailheads sit nearby, adding a rugged edge to the urban grid.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Apartments (multi-unit residential income)
36 units in the complex
Bedrooms
Studio units (zero bedrooms) and 1- and 2-bedroom units across the property
Bathrooms
Mix of 1-bath and 2-bath units
Kitchen
Individual unit kitchens (appliances not listed)
Laundry & utility
Laundry/utility details not provided
Flooring
Flooring details not provided
Heating & cooling
No central cooling
No central heating
Exterior features
Corner lot at Park Avenue and Glendale Blvd
No other detached structures listed
Home design
Residential income property
Six total floors (three or more levels)
Parking
No garage
Total of 30 parking spaces
Security
Security details not provided
Construction
Construction details not provided
Zoning: LARD3
Utilities
Utilities details not provided
HOA & community
No HOA details provided
Financial info
Actual annual gross rent: $1,280,292
Actual gross annual income: $1,309,197
Gross operating income: $1,243,738
Net operating income: $814,470
Total annual expenses: $429,268
Gross rent multiplier: 12.62
Vacancy rate: 12%
Income basis reported as Actual
Other
One building on the lot
Lot size approximately 0.2731 acres
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Permits
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Last updated by owner on Dec 17, 2025.
Nov 26, 2025 • Final
Bldg-new
Construct a new seven-story affordable housing apartment building with thirty-six units. The structure includes five stories of residential space over a two-story parking garage.
New construction
Nov 26, 2025 • Final
Fire sprinkler
Fire sprinkler
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
LA's real estate market stays a top-tier profit machine through the mid point of26! Strong demand, tight inventory, and the city's allure drive steady 3-7% appreciation. High equity and robust rents make it ideal for long-term investors seeking...
reliable, high-value wealth growth in this iconic City.
This home ranks in the top 2% for direct sun exposure in Los Angeles. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1915 Park Ave
There isn’t enough information to generate an accurate estimate at this time. Learn More