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320 Mountain View Avenue
Los Angeles, CA 90026
Sold
320 Mountain View Avenue
Los Angeles, CA 90026
Sold
We are pleased to present a nearly completed new construction fourteen (14) unit apartment building located at 319 N Westlake Avenue / 320 N Mountain View Avenue in Los Angeles, California. The subject property is located in a good South Echo Park location just a couple blocks from Echo Park Lake, south of Temple Street and east of Alvarado Street. This nearly completed new construction property contains a good unit mix of four (4) one-bedroom / one-bathroom units set aside for affordable housing, one (1) one-bedroom / one-bathroom market rate unit, seven (7) one-bedroom / one and a half-bathroom market rate units with a bonus den, and two (2) one-bedroom / two-bathroom market rate units with a bonus den. Three (3) units are penthouses on the fifth floor. The one-bedrooms featuring a den can potentially be converted to two-bedroom units. Units on the upper floors have access to impeccable views across LA including Echo Park Lake, Downtown, and Hollywood. There are 0.5 parking spaces per unit for a total of seven (7) parking spaces. This mid-rise property features luxury amenities such as access to private rooftop decks that can be rented for additional income. Tenants will love being within immediate walking distance to trendy Eastside retail, restaurant, and entertainment amenities across W Temple Street and Glendale Boulevard. Some of these amenities include Target, Bloom & Plume Coffee, Tribal Cafe, Clark Street Echo Park, Laveta, 1642 Bar, and more. Outdoor recreation is less than a mile away at Echo Park Lake, with the tennis courts available even closer to the subject property. Situated in a good South Echo Park location, this offering presents an excellent opportunity for an astute developer to capitalize on a finishing a nearly complete new construction mid-rise apartment building free from Los Angeles Rent control (subject to rent restrictions on select units).
PROPERTY INFORMATION
| MLS # | 24405019 | Lot Size | 4,801 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 3,450,000
Price Per SqFt: $ 210 |
DOM | 322 Days |
| Address | 320 Mountain View Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 16,401 Sq. Ft. |
| Postal Code | 90026 | Garage | N/A |
| County | Los Angeles | Year Built | 2024 |
| Bed / Bath | 14 / 0 | Parking | 7 |
| Built In | 2024 | Status | Closed |
| Sold Date | 2024-06-17 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | None |
| Has Appliances | Yes |
| Has Heating | No |
| Heating Information | None |
| Has Cooling | No |
| Cooling Information | None |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
| Has Patio | Yes |
| Patio | Deck, Roof Top |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,680
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/17/2024 | Sold | $3,450,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Jason Tuvia, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
