600 N. Alvarado St
62-Unit RTI Development
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
Desirable Echo Park Location near Silver Lake
Easy access to the 110, 101, 5 and 2 Freeways
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.