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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.

Jason Tuvia

Senior Managing Director Investments

(818) 212-2735

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Contact

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Social

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818-212-2735

Marcus & Millichap

16830 Ventura Blvd #100

Encino, CA 91346

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License

#01772495

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