222 N ALVARADO ST. LOS ANGELES, CA 90026
Urban Stearns is raising capital for a 60-unit development site in Echo Park. Over the past two years, Urban Stearns assembled three lots and obtained permits for construction. Project highlights include 6 Floors, 60 Residences, and 3,400 SF of Amenities.
Total cost of the project is $21.34 Million, of which $7.3 Million will be equity from investors. The project is expected to generate an annualized internal rate of return (IRR) of 18% and an equity multiple of 2.11x to investors over an estimated seven-year investment horizon.
Learn more about the project Here
- $7.3 Million Investor Equity
- 18% IRR
- 2.11x Equity Multiple
WHY URBAN STEARNS
We specialize in investing in real estate developments including multifamily and mixed-use ground-up constructions in the growing neighborhoods of Los Angeles. Offering extensive knowledge in capital markets, real estate, and building and zoning codes, Urban Stearns’ leadership has been operating investments on behalf of institutional investors, high-net worth individuals, private equity firms, pension funds, and family offices for over thirty years.