PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 28-unit apartment building located at 1650 Echo Park Avenue. The property is situated on Echo Park Avenue, within walking distance of one of the most vibrant neighborhoods in Los Angeles. Situated on a 9,004 square-foot parcel, the property features 15 studios, 12 one-bedroom units (11 of which include dens), and one two-bedroom unit. Eighty-six percent of the units have been renovated, along with the building’s common areas. Investors have the opportunity to implement a proven interior renovation strategy for the remaining units and capture over 16% upside in rental income through renovation premiums and loss-to-lease recovery. Furthermore, one of the units will be delivered vacant, enabling new ownership to further enhance and achieve superior rental rates. Over the past decade, Echo Park has become one of the most desirable neighborhoods in Los Angeles, offering abundant open space combined with urban walkability. Real estate on the north end of Sunset Boulevard commands some of the highest rents in the city. The property’s irreplaceable location north of Sunset Boulevard, coupled with its remaining value-add potential and attractive assumable debt, makes 1650 Echo Park Avenue an exceptional acquisition opportunity. This property is being sold alongside 1416 Echo Park Avenue, with the option to purchase the buildings together or individually.