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2436 Echo Park Ave
2436 Echo Park Ave, Los Angeles, CA 90026, USA
$2,400,000
CLOSED
October 7, 2024
SALE PRICE
$2,400,000
UNITS
8
PRICE PER UNIT
$300,000
PRICE PER SF
$448.26
CAP RATE
7.11%
GRM
9.64
Deal Story
Selling Agent
The Tuvia Group closed 2436 Echo Park Avenue after the property had been on and off the market for nearly three years, overcoming significant hillside foundation issues and other deferred maintenance that had complicated prior efforts to sell. The team sourced a local private investor willing to take on the necessary improvements and successfully brought the challenging transaction across the finish line. The closing also helped bring The Tuvia Group’s share of Echo Park multifamily sales to 50% of the market at the time.

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