Echo Lake Apartments 1717-1725 Park Ave 36 Unit Apartment Building $11,625,280 CAD ($322,924 CAD/Unit) 6.05% Cap Rate Los Angeles, CA 90026

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present Echo Lake — a 36-unit apartment community located at 1717-1725 Park Avenue, directly across from Echo Park Lake in one of Los Angeles' most sought-after rental submarkets.
Situated on two parcels totaling 19,105 square feet, the property comprises two buildings totaling 13,584 gross square feet. The unit mix consists of 18 studio and 18 one-bedroom apartments, offering a well-balanced income profile. Residents benefit from secured gated entry, individually metered units for gas and electric, on-site laundry facilities, and 25 on-site parking spaces — a premium amenity in a neighborhood where parking is notoriously limited.
Current ownership has invested $1.9M in capital improvements since 2021, spanning unit renovations, building systems, and common areas. Of the 36 units, 30 have been renovated with updated kitchens and bathrooms, new flooring, new interior doors, and fresh interior finishes throughout. Building-wide improvements include upgraded electrical, plumbing, and HVAC systems, new windows, and refreshed exteriors. The remaining six units present a straightforward opportunity to capture additional rental upside through the same proven renovation strategy.
The property sits at the epicenter of the Echo Park lifestyle — directly across the lake’s walking paths, open green space, iconic paddle boats, plus just one block from the lively mix of coffee shops, restaurants, and nightlife along Sunset Boulevard.
With its irreplaceable lakefront location, $1.9M of completed capital improvements, remaining value-add potential, 25 dedicated parking spaces, and basis of $236,111 per unit make Echo Lake a compelling investment opportunity in a premier Los Angeles submarket.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.