Los Angeles multi-housing project secures joint venture equity
Transactions - MARCH 5, 2024

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Los Angeles multi-housing project secures joint venture equity


JLL Capital Markets announced that it has arranged a joint venture equity partnership for Allesandro Apartments, a to-be-built, 43-unit multi-housing project in the Echo Park neighborhood of Los Angeles.

JLL represented the sponsor, A.J. Khair Construction, to arrange the joint venture equity partnership.

With an anticipated completion of 2026, the project will consist of large one- and two-bedroom units, averaging 928 square feet. Situated at 1667 Allesandro St., the property is strategically positioned on the border of the burgeoning Echo Park and Silver Lake neighborhoods, two of Los Angeles’s densest neighborhoods, nestled between downtown and Koreatown to the south and Los Feliz to the north.

The property is surrounded by an abundance of cultural amenities, including an array of entertainment venues, restaurants and a flourishing arts scene. Residents will also benefit from its location between three of Southern California’s major arterials, Interstate

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