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.
For sale
$18,000,000
1915 Park Dr, Los Angeles, CA 90026
40beds
40baths
37,830sqft
Multi Family
Built in 2025
-- sqft lot
$16,717,100 Zestimate®
$476/sqft
$-- HOA
What's special
- 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#: 26873437
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
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Listed for sale | $18,000,000+1867.2%$476/sqft |
Source: | ||
| 2/16/2016 | Sold | $915,000+251.9%$24/sqft |
Source: Agent Provided Report a problem | ||
| 9/16/1998 | Sold | $260,000$7/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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





