222 N Alvarado Street, Los Angeles, CA 90026

Local realty services provided by:ERA North Orange County Real Estate
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:62 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

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

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

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
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