Echo Park by the Numbers:

Office:
Inventory: 559,001 square feet
Square feet available in the area: 75,460
Vacancy rate: 16.3%
Asking rent: $2.73 per square foot
Under construction: 0 square feet
Year to date net absorption: 10,695 square feet
Source: Colliers

Hotels:
Number of hotels: 7
Number of rooms: 260
Under construction: 0
In planning phases: 3 (298 rooms)
Source: Atlas Hospitality Group

Multifamily:
Inventory: 9,054 units
Buildings: 356
Vacancy rate: 5.4%
Average asking rent (per unit): $1,848
Under construction (units): 622 (13 buildings)
Year to date delivered (units): 182 (5 buildings)
Year to date absorption (units): 179
Source: Colliers

Here’s a look at some of the projects slated for Echo Park.

Inspire Echo Park
Location: 1525 Pizarro St.
Description: Inspire Echo Park, which is replacing a collection of small commercial buildings, will be a multifamily residential development featuring 90 units – 80 at market rate and 10 affordable-rent residences – above parking for 82 vehicles. The roof deck will feature a swimming pool and 360-degree views of downtown, Silver Lake and Echo Park.
Developers: Bond Cos.
Architects: HED
Completion Date: Q1 2024

Lucena on Court
Location: 1919 W Court St.
Description: Lucena on Court is a five-story, 46-unit affordable housing development currently under construction. Nestled in L.A.’s Historic Filipinotown community in Echo Park, the project serves individuals and families earning 30% to 60% of the area’s median income. The development will feature an array of family-focused amenities including a “tot lot,” a learning center and more.
Developers: Meta Housing Corp.
Architects: Y&M Architects
Completion Date: Q4

2225 Sunset Blvd
Location: 2225 Sunset Blvd.
Description: Located on a hillside in Echo Park, the seven-story multifamily development, which does not yet have a name, will feature 176 units with a mix of studios and one-, two- and three-bedroom apartments, as well as more than 12,000 square feet of common open space.
Developers: Cypress Equity Investments
Architects: Ottinger Architects
Completion Date: Q3 2024

Belle on Bev
Location: 1800 W Beverly Blvd.
Description: Belle on Bev is a 243-unit mixed-use project in Los Angeles’ Historic Filipinotown neighborhood. The transit-oriented project, which hopes to achieve LEED Silver certification, will feature 21 affordable units and an art deco design that plays homage to the area’s cultural and musical influences.
Developers: Cityview
Architects: AC Martin
Completion Date: Q4