419 N Lake Street, Los Angeles, CA 90026

Property Description

The offering consists of an entitled 95-unit ED1 project of income-restricted housing on a 12,011 (.276ac) double-lot. The seller will deliver the project RTI (ready to issue) permits upon the close of escrow. Zoned LAR3-1VL, the project was granted six incentives/waivers including no maximum density. increased FAR, and decreased setbacks/open space as a result of the project's ED1 status. The project contemplates no subterranean parking, is 6 stories in height and offers a unit mix of studios and 1-bedrooms. Twenty at-grade parking spaces will be available to tenants along with 74 bicycle spaces and a roof deck lounge. Echo Park has witnessed significant multifamily development in recent years, driven by its increasing desirability and proximity to employment centers. The multifamily vacancy rate remained relatively low at around 5.4% in late 2024, pointing to consistent demand for rental units in this attractive and well-located neighborhood near major employment centers. Silver Lake is a key neighboring market to Echo Park, sharing a similar trajectory of artistic history, resulting in a strong and competitive multifamily market with high rental demand and increasing property values. Silver Lake is consistently one of the most desirable neighborhoods in Los Angeles, leading to

Listing Status:

Active

Date Added:

February 10, 2026

Data Last Updated:

April 2, 2026 at 7:07AM

Listing Office:

CB Richard Ellis, Inc. :

Listing Agent:

Adam Peterson : 310-550-2592

MLS ID:

CL26650287

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR35157015017
• View: None

Financial

• Source: CRMLS