The offering at a glance.
Fifteen contiguous C2-1VL parcels totaling 45,398 SF on Sunset Boulevard in Echo Park — assembled from three separate ownerships and sold to an affordable housing developer planning 237 units serving households at 30-80% of Area Median Income.
Executive
Summary.
Fifteen parcels. Three owners. One 45,398 SF affordable housing site on Sunset Boulevard.
The LAAA Team assembled fifteen contiguous C2-1VL parcels held by three separate ownerships along the north side of Sunset Boulevard — combining a fragmented hillside strip into a single 45,398 SF development site.
The combined site was placed with an affordable housing developer executing a tax-credit financed project — a buyer pool able to capitalize on the site's High Resource TCAC designation and Difficult Development Area status.
The Flats on Sunset: a six-story, 237-unit community of one-, two-, and three-bedroom apartments over parking for 217 vehicles, serving households earning between 30% and 80% of Area Median Income.
Six reasons this assemblage stands apart.
15-Parcel Assemblage
Fifteen contiguous parcels assembled from three separate ownerships — a fragmented Sunset Boulevard hillside strip unified into one institutional-scale development site.
45,398 SF of C2-1VL Land
±1.04 acres of commercially zoned frontage on the north side of Sunset Boulevard between Boylston Street and White Knoll Drive, with Downtown skyline views.
237-Unit Affordable Project
The Flats on Sunset calls for a six-story building with 237 one-, two-, and three-bedroom apartments above parking for 217 vehicles.
Tax-Credit Execution
A fully affordable community serving 30-80% AMI households — supported by the site's High Resource TCAC designation and Difficult Development Area status.
$198 Per Land SF
$9,000,000 — $198.25 per land SF and $37,975 per buildable unit across the 237-unit program.
Echo Park, at Downtown's Edge
Minutes from Downtown Los Angeles, Dodger Stadium, Chinatown, and Silver Lake — one of the city's most walkable, amenity-rich neighborhoods.
The
Property.
Fifteen contiguous parcels, one development site.
45,398 SF along Sunset Boulevard.
Echo Park's front porch to Downtown Los Angeles.
The Flats
on Sunset.
237 affordable apartments, six stories, over parking for 217.
The community is intended to serve residents earning between 30% and 80% of the Area Median Income — a fully affordable, tax-credit financed project.
A rooftop deck, children's play areas, a fitness center, on-site laundry facilities, and additional open spaces throughout the building.
The site's High Resource TCAC designation and Difficult Development Area status strengthen the project's tax-credit execution.
Echo
Park.
One of Los Angeles' most sought-after neighborhoods.
Echo Park has become one of the trendiest neighborhoods in Los Angeles. Known for its walkability, eclectic charm, and vibrant local culture, the neighborhood blends new development with independent retail, dining, and creative spaces — centered on a park of the same name, with an iconic lake framed by views of the skyline.
Its central location — minutes from Downtown LA, Silver Lake, Westlake, and Koreatown, and bordered by Chinatown and Elysian Park — makes it especially attractive to young professionals and urban dwellers, and keeps structural demand for housing at every income level deep.
- · Echo Park Lake & Elysian Park
- · Dodger Stadium
- · Downtown LA · Chinatown · Silver Lake
- · Sunset Blvd retail, dining & nightlife
The most populous metro in the nation's largest state.
The entertainment capital of the world and a leading international trade and manufacturing hub, with a sizable aerospace presence across the South Bay.
A homeownership rate well below the national level and a deep, structurally under-housed renter base keep demand for income-restricted housing far ahead of supply.
~190,000 new residents expected through 2028 — with affordability gaps widest in central neighborhoods like Echo Park, at Downtown's doorstep.