722-745 Echo Park Ave

The Tuvia Group closed a rare hillside Echo Park sale for $2,100,000, generating multiple offers despite limited remaining rental upside. The seller had recently converted two storage spaces into ADUs, adding income-producing units ahead of the sale. The property ultimately sold to a buyer with substantial existing ownership on the Eastside, closing at approximately $233,000 per unit, $289 per square foot, a 7.86% cap rate, and a 9.02 GRM.