222 N Alvarado St, Los Angeles, CA 90026

Property Overview

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222 N Alvarado St is a newly constructed 62-unit multifamily property located in the culturally vibrant Echo Park neighborhood of Los Angeles. Completed in 2025, this 43,586-square-foot building sits on a 13,488-square-foot lot and features a desirable mix of (60) one-bedroom units, (1) one-bedroom ADU, and (1) two-bedroom ADU. Zoned LAR4, the asset includes 52 rare parking spaces — an attractive amenity in this high-demand rental market.

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With a current lease-up already in motion and 12 units generating income, this property offers immediate yield alongside long-term rent growth potential. Its premium location, modern construction, and competitive price per unit make 222 N Alvarado St a strategic investment opportunity in one of Los Angeles’ most sought-after submarkets.

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Key Property Details

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• ‍Location: 222 N Alvarado St, Los Angeles, CA 90026
• ‍Lot Size: 13,488 square feet
• ‍Total Building Area: 43,586 square feet
• ‍Units: 62 (60 one-bedrooms, 1 one-bedroom ADU, 1 two-bedroom ADU)
• ‍Construction: Modern design with premium finishes
• ‍Year Built: 2025
• ‍Zoning: LAR4
• ‍Parking: 52 spaces (rare for new construction)

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Investment Highlights

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• Immediate income potential with 12 units already leased and generating rent.
• Brand-new construction with no deferred maintenance and modern interior finishes.
• Average in-place rent of ~$2,450/month with pro forma rents reaching ~$2,663/month.
• Built-in rent lift potential without requiring significant renovations or operational changes.
• Priced under $400K per door — rare for new construction in Los Angeles.
• Turnkey asset offering strong yield and long-term value growth in a supply-constrained market.

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Neighborhood and Accessibility

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Echo Park offers a dynamic blend of historic charm and urban vibrancy, making it one of LA’s most in-demand rental neighborhoods. Residents of 222 N Alvarado St enjoy immediate access to indie theaters, art galleries, and popular dining spots, with quick connections to Vista Hermosa, Echo Park Lake, and Elysian Park.

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Proximity to the 101 and 110 freeways, as well as public transportation options, ensures strong commuter appeal and seamless connectivity across Greater LA.

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Market Trends and Financial Potential

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• Current Occupancy: 19% (12 of 62 units leased)
• ‍Vacancy Assumption: 5% (standard underwriting)
• ‍Pro Forma Rents: ~$2,663/month average, with top 1BRs reaching $2,800/month
• ‍Property Tax Rate: 1.25% of purchase price
• ‍Insurance Estimate: $700 per unit
• ‍Management Fee: 4% of Effective Gross Income (EGI)
• ‍Reserves: $200 per unit annually

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl