Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1979
Building Area
Land Area ()

Property Description

JLL has been exclusively retained by Ownership to offer the opportunity to acquire 1501 W Sunset Boulevard of the BrickWorks Collection in Echo Park, CA, a 4,739 square-foot retail and multi-housing building recently redeveloped by Champion Real Estate. The project features two retail spaces below five newly constructed apartment units. Located in the trendy and desirable neighborhood of Echo Park, the Property is positioned with excellent visibility directly on the corner of Sunset Boulevard and McDuff Street, trafficked by 34,000 VPD. At 20% occupancy, 1501 W Sunset offers investors the opportunity to acquire a generational asset with immediate value-creation potential in an irreplaceable urban location.

Investment Highlights

IMMACULATE CONSTRUCTION

  • Newly redeveloped in 2021, the redesigned Property features unique architecture with an exposed brick façade and large glass and steel storefronts that integrate seamlessly with the surrounding neighborhood.

TRULY IRREPLACEABLE LOCATION

  • Over the last decade, the area has undergone a massive renaissance, boasting a diverse Population filled with creatives and young professionals, while continuing to attract long-time residents. Living in Echo Park offers residents a mix between an urban and suburban feel. Featuring a 96% walk score at the Property, tenants will enjoy the proximity to trendy eateries, ample nightlife, and a touch of quirk.



Last Updated Date: 06 Jul 2021
Bryan Ley
Bryan Ley
Managing Director, Capital Markets
License details
CA-01458927
Tim Kuruzar
Tim Kuruzar
Director, Capital Markets
License details
01778384

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Last Updated Date: 06 Jul 2021

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