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For sale
  • $18,000,000

    1915 Park Dr, Los Angeles, CA 90026

    40beds
    40baths
    37,830sqft
    : 
    $124,695/mo
    Get pre-qualified
    Multi Family
    Built in 2025
    -- sqft lot
    $16,717,100 Zestimate®
    $476/sqft
    $-- HOA

    What's special

    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.
    37 days
    346
    25

    Zillow last checked:

    Listing updated:

    Listed by:

    Neema Ahadian DRE # 01346750 213-797-2290,

    Marcus & Millichap 310-909-5500

    Source: CLAW,MLS#: 26873437MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 40
      • Bathrooms: 40
      Heating
      • None
      Cooling
      • None
      Interior area
      • Total structure area: 37,830
      • Total interior livable area: 37,830 sqft

      Property

      Parking
      • Total spaces: 30
      • Parking features: None
      Features
      • Levels: Three Or More
      • Stories: 6
      Lot
      • Size: 0.27 Acres
      Details
      • Additional structures: None
      • Parcel number: 5415010024
      • Zoning: LARD3
      • Special conditions: Standard
      • Other equipment: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 2025

      Community & HOA

      Location
      • Region: Los Angeles

      Financial & listing details

      • Price per square foot: $476/sqft
      • Tax assessed value: $407,578
      • Date on market: 8/17/2026
      • Total actual rent: 1280292

        Estimated market value

        $16,717,100

        $15.71M - $17.55M

        Not available

        Price history

        DateEventPrice
        8/17/2026Listed for sale$18,000,000+1867.2%$476/sqft
        Source: CLAW #26873437 Report a problem
        2/16/2016Sold$915,000+251.9%$24/sqft
        Source: Agent Provided Report a problem
        9/16/1998Sold$260,000$7/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $415,729 +2%
        2025$5,016 +0.8%$407,578 +2%
        2024$4,977 +1.9%$399,588 +2%
        2023$4,882 +4.8%$391,754 +2%
        2022$4,657 -13.1%$384,073 +2%
        2021$5,359 +15.5%$376,543 +1%
        2020$4,640 $372,683 +2%
        2019$4,640 +5.6%$365,376 +2%
        2018$4,396 $358,213 +2%
        2017$4,396 +2.3%$351,191 +2%
        2016$4,298 +2.4%$344,306 +1.5%
        2015$4,196 +0.9%$339,135 +2%
        2014$4,157 $332,493 +2.5%
        2012-- $324,502 +2%
        2011-- $318,141 +0.8%
        2010-- $315,764 -0.2%
        2009-- $316,515 +2%
        2008-- $310,310 +2%
        2007-- $304,227 +2%
        2006-- $298,263
        2005-- $298,263 +4%
        2004-- $286,684 +1.9%
        2003-- $281,430 +2%
        2002-- $275,912 +4%
        2000-- $265,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Echo Park

        Getting around

        64 / 100
        Somewhat Walkable
        43 / 100
        Some Transit
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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