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600 N. Alvarado St

62-Unit RTI Development

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Property

The Asset

Planned Units

Rentable SF

Gross SF

Land Area

Summary

62

46,186

61,860

25,769

Summary

Investment Highlights

25,827+/- SF of Land on 8 Contiguous Parcels

Hipster Mecca, coffee shops, boutiques, bars

Planned for 62 Units- To be delivered with RTI  plans

Strong Demographics
 

Desirable Echo Park Location near Silver Lake

Easy access to the 110, 101, 5 and 2 Freeways

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Location

Echo Park was rated the “Greatest Neighborhood in Los Angeles.” It’s a stone’s throw from Chinatown, a short bike ride from downtown L.A., Silver Lake and Los Feliz. It’s also surrounded by four major freeways: The 5, The 2, The 110 and the 101. That makes for a quick jaunt to the Arclight in Hollywood, The Americana in Glendale, or even USC. It is also home to one of the largest public parks in the city — Elysian Park — the beautifully restored Echo Park lake.

Millennials have ditched the suburbs for a more active and dynamic urban lifestyle. Many don’t own or want to own cars, so they rely on walking, biking, Metro or Uber. There is a limited supply of housing in Los Angeles, and especially in Echo Park, which is causing upward pressure on rents.  Research firm Axiometrics projects rental rates are to increase by 25% over the next five years.

Engagement Team

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Benjamin Hsiang

O: 424.377.6001
C: 818.517.0845
Bhsiang@RiaCre.com
Cal BRE#01438644

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Enrique Viramontes

213.233.4363

eviramontes@remaxcir.com

Cal BRE#01372010

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