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November 12, 2019
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SOUTHERN CALIFORNIA NEWS
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Apartment Building in L.A.’s Silverlake Area Sells for $281k/Unit

7/10/19

A 32-unit apartment building in the Echo Park area of Los Angeles traded hands in a recent $9 mil deal, giving the property a per unit price of $281.3k. The property is located at 1416 Echo Park Ave, east of Alvarado St and north of Sunset Blvd.

Rich Johns and Adam Zunder with KW Commercial represented both the buyer and the seller in the transaction.

“This asset, commonly referred to as The Big Mama Courtyard, provided the buyer the opportunity to acquire a prominent apartment community in a densely populated, supply constrained multifamily
market,” noted Johns. “Echo Park continues as one of Los Angeles’ most desirable rental markets.”





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