222 N Alvarado Street, Los Angeles, CA 90026

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
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222 N Alvarado Street,Los Angeles, CA 90026
$23,900,000
  • 64 Beds
  • 63 Baths
  • 43,586 sq. ft.
  • Multi-family
  • Active
Listed by:taylor avakian
Office:lyon stahl investment real estate, inc.
MLS#:25572151
Source:CRMLS

Price summary

  • Price:$23,900,000
  • Price per sq. ft.:$548.34

About this home

222 N Alvarado St presents a rare opportunity to acquire a newly constructed 62-unit apartment building in Echo Park one of Los Angeles' most vibrant and high-demand rental markets. Completed in 2025, the property combines modern design, durable systems, and thoughtful unit layouts tailored to today's renter expectations. With a unit mix of (60) one-bedrooms, (1) one-bedroom ADU, and (1) two-bedroom ADU, the building delivers operational efficiency and long-term flexibility.Twelve units are already leased, generating in-place income with average rents around ~$2,450/month. As the lease-up continues, investors can capitalize on pro forma rents approaching ~$2,663/month offering natural rent growth with minimal intervention. Rare for new construction, the building includes 52 parking spaces, giving it a competitive edge in a submarket where parking is limited and tenant demand is high. Positioned west of Downtown Los Angeles, residents enjoy proximity to green spaces like Echo Park

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Home facts

  • Year built:2025
  • Listing Id #:25572151
  • Added:14 day(s) ago
  • Updated:August 13, 2025 at 01:21 PM

Rooms and interior

  • Bedrooms:64
  • Total bathrooms:63
  • Living area:43,586 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Furnace

Structure and exterior

  • Year built:2025
  • Building area:43,586 sq. ft.
  • Lot area:0.31 Acres

Finances and disclosures

  • Price:$23,900,000
  • Price per sq. ft.:$548.34
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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