Search
Close this search box.
green trees near city buildings during daytime
Real Estate Listing at Properties from The Knight Group LA

Properties

The Knight Group LA

Save
Ask
Tour
Hide
Share
$23,900,000
8 Days On Site

222 N Alvarado Street
Los Angeles, CA 90026

For Sale|Residential Income|Active
64
Beds
63
Total Baths
43,586
SqFt
$548
/SqFt
2025
Built
County:
Los Angeles
Listed by Taylor Avakian of Lyon Stahl Investment Real Estate, Inc. taylor@lyonstahl.com
Call Now: 503.200.4823
Is this the listing for you? We can help make it yours.
503.200.4823
222 N Alvarado Street222 N Alvarado Street222 N Alvarado Street222 N Alvarado Street
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$109,042
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

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 Lake and Vista Hermosa, as well as access to indie theaters, galleries, and local eateries. The location offers strong commuter access via the 101 and 110 freeways and excellent walkability. Priced at approximately $385K per door and requiring no capital improvements, 222 N Alvarado St is an exceptional turnkey investment for yield-focused buyers seeking long-term growth in a supply-constrained market. Brand-New Construction (2025): No deferred maintenance and fully modern systems.62 Units with Premium Interiors: Includes (60) 1BRs, (1) 1BR ADU, and (1) 2BR ADU.52 On-Site Parking Spaces: A rare amenity for new developments in central LA.Immediate Income: 12 units leased with in-place rents averaging ~$2,450/month.Pro Forma Rents Up to $2,800: Clear path to income growth as lease-up continues.Efficient Price Point: $385K per unit below typical cost for comparable new builds.Strong Echo Park Location: High renter demand, walkability, and freeway access.No Renovation Needed: Move-in ready units allow investors to focus on growth.Stabilization Potential: Forecasted cap rate of 5.42% with conservative underwriting.Zoned LAR4: Offers long-term flexibility for future redevelopment or repositioning.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$23,900,000
Days On Site 
8 Days
Bedrooms 
64
Inside Area (SqFt) 
43,586 sqft
Total Baths 
63
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3096 Acres
Year Built 
2025
MLS® Number 
25572151
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
0.3096
Garage 
Yes
Number Of Stories 
6
Parking 
AssignedGarage
Parking Spaces 
52
Special Circumstances 
Standard
SqFt Total 
43586
Stories 
Multi/Split
Zoning 
LAR4
Interior Features
Appliances 
DishwasherDisposalMicrowave
Cooling 
Central Air
Heating 
Central
Save
Ask
Tour
Hide
Share
Exterior Features
Exterior 
Barbecue
Community Features
MLS Area 
C21 – Silver Lake – Echo Park
crmls logo

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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share

Hey, You ALMOST MISSED IT!

Lucky for you we’re looking out.

Subscribe to this Custom Search to be alerted when new properties hit the market in the area.

Choose the frequency that works for you.

get alerts