CALL FOR OFFERS: OFFERS DUE APRIL 23, 2025
Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale The Charlie Echo Park* (the “Property”, the “Charlie”), a brand new 54-unit investment opportunity ideally located in the trendy Echo Park neighborhood of Los Angeles, CA. The Charlie presents an attractive opportunity to acquire a class A asset seconds from the largest employment hub on the west coast.
Completed in 2022, The Charlie Echo Park set a new standard for premium living in the Echo Park neighborhood, evidenced by the Property’s market-leading 94% current occupancy. Homes are equipped with top-of-the-line amenities including a six-burner gas range, full-size stainless-steel fridge/ freezer, and in-unit front loading washer & dryers, complemented by tasteful finishes and matte black fixtures. Homes were designed to maximize natural light, each with expansive 10’-11’ ceiling and large windows, providing an ideal living experience. The Property features a unique Skydeck on the seventh floor known as “The Charlie Club," providing unmatched views of the DTLA skyline and outdoor lounge space. The asset was built by LaTerra Development, a leading institutional-grade investor responsible for the construction and management of over 3,000-units nationally.
The Charlie is well-located on the corner of Beaudry Avenue and Temple Street, equidistant to both the 101 and 110-highways, and adjacent to the Temple/ Beaudry DASH bus stop. The Charlie brings urban convenience to the desirable community of Echo Park, minutes from the renowned Echo Park Lake and within a mile of the Los Angeles Dodgers home stadium, creating unmatched demand drivers. There are only two 50+ unit properties under construction within the Echo Park Submarket, making The Charlie a rare opportunity for a private investor to acquire an institutional-quality asset.
*Note that the name "The Charlie" is not for sale and cannot be assumed by new ownership