When we launch Nico Echo Park early next year, the company will initially own three rent-stabilized, multi-family and mixed-use apartment buildings across Echo Park. These three buildings comprise 80 residential apartments and four commercial properties housing local businesses:

• 1461 Sunset Boulevard—a 1920s mixed-use building with 20 apartments and four retail stores on the ground floor.
• 1412-16 Echo Park Avenue—a 32-unit bungalow with 11 distinct structures connected by a series of courtyards.
• 1650 Echo Park Avenue—a 28-unit art deco brick apartment building.

When Nico Echo Park invests in future properties, it will focus on properties in Echo Park and proximate communities within the City of Los Angeles, California.