Amalfi Capital partners with The Bond Companies for the development of a boutique multifamily property in Los Angeles, California
Ground-up development of a Class A, 46-unit boutique multifamily building in the growing Echo Park neighborhood of Los Angeles, named by Forbes magazine as one of the coolest neighborhoods not just in LA, but in the US.
- Walking distance to an abundance of outdoor amenities, including Vista Hermosa Park, Echo Park Lake, Elysian Park, and the #1 rated public pool.
- Echo Park is “the coolest neighborhood of Los Angeles” – Forbes Magazine
- This boutique Class A building will feature both downtown LA and Mountain Views.
- Bond Companies has received numerous national awards including winning the coveted “Residential Developer of the Year” by the Los Angeles Business Journal.
Location: Inspire Court benefits from an easily accessible transit-orientated location that is advantageously positioned along the LA Content-Media “S-Curve.” The region, extending from Glendale and Burbank, through the heart of Hollywood and Downtown LA, into the Westside, is home to some of the most prominent technology and entertainment companies in the Nation. The median home value has seen more than 80% growth since 2015, with single-family home prices in Echo Park now average ~$1.1 million, extending the renter lifecycle. Inspire Court provided the highly coveted suburban lifestyle with urban Los Angeles the renter’s desire.
Market: The Echo Park submarket of Los Angeles has excellent long-term fundamentals, a result of the high barrier of entry. Its central location to the Hollywood, Glendale, and the Downtown Los Angeles job centers, in addition to the growing base of local and nationally renowned retailers, restaurants, and entertainment venues make it a highly sought-after neighborhood. Inspire Court is strategically located in the most convenient area of Echo Park, allowing residents to take advantage of these top recreational areas in the immediate vicinity, in addition to the premium amenity offerings within the building itself.
Sponsor: Bond Companies is a premier, award-winning real estate development company with a tremendous track record, consisting of an experienced team of professionals that handle all aspects of real estate development. Bond Companies has significant experience in the Echo Park submarket of Los Angeles having completed Inspire Belmont (69 Units) in 2017 and Inspire Colton (47 units on the adjacent block to Inspire Court) in 2021. Vertically integrated, Bond Companies’ Property Management arm has intimate knowledge of Echo Park and the rental demographic.
“Partnering with the Bond Companies is exciting and this project will bring a fun and boutique style property to the Echo Park neighborhood of Los Angeles. “We love the product Bond produces and it will be a beautiful addition to the Echo Park area.” said Mike Schnurr, m.p. of Amalfi
Amalfi Capital is a real estate equity firm founded in 2015 that is an investor in over 1 million square feet of property with a gross value over $125 million throughout the United States. Amalfi focuses on expanding its portfolio by acquiring residential, commercial, & industrial assets that it believes are well positioned for above market returns over the long run. Amalficapital.biz – amalficapitalinfo@gmail.com