Echo Park sits between Silver Lake and Downtown LA, with a multifamily profile shaped by the same forces that define its eastern and southern neighbors: hillside topography, stock-constrained zoning, pre-1978 dominant inventory, and a cultural-creative renter base that has compounded rent-tenure dynamics over decades. Echo Park's specific version of this pattern is shaped by its proximity to Downtown LA and the Sunset Boulevard commercial corridor.
Selling an apartment building here? Echo Park multifamily broker — Michael Sterman's record, comparables and process →
| Buildings closed | 2 |
| Units | 56 |
| Total volume | $4.9 million |
| Price per unit range | $85K – $90K |
With 2 closings here, this is a range rather than a median — too small a sample to call a midpoint. The full record across every submarket is in the Sterman Transaction Index.
| Address | Units | Price | Closed |
|---|---|---|---|
| 250 Loma Dr | 32 | $2,875,000 | 2015-06 |
| 421 Union Dr | 24 | $2,050,000 | 2015-05 |
Echo Park's hillside residential streets, narrow parcels, and Echo Park Lake-adjacent geography make new multifamily construction difficult and rare. Inventory does not grow. The buildings that exist today are largely th...
Read the full seller's guide →Living in townEcho Park is an LA City neighborhood between Silver Lake and Downtown LA, centered around Echo Park Lake. Known for hillside residential streets, a cultural-creative identity, and proximity to Dodger Stadium.
See the full neighborhood profile →Closings2 Sterman Multifamily Group closings in Echo Park. See the full transaction record.
See all 2 Echo Park closings →FAQCommon questions about selling multifamily in Echo Park.
Read the full FAQ →Echo Park's stock is constrained by topography and zoning. The submarket has two plausible pricing frames for any given building — the formula price and the scarcity-premium price. Knowing which applies to a specific building is the pricing judgment.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
Request Free Evaluation →Own buildings in more than one part of LA? See the citywide record across every Los Angeles submarket →
Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →