Investment Overview

MetWest on Sunset at 5837 W Sunset Blvd, a 79-unit luxury apartment investment opportunity in an irreplaceable Hollywood location on the premier Sunset Blvd between N Bronson Ave and N Van Ness Ave. Rare opportunity to acquire an institutional-quality asset with strong in-place income and additional upside in a submarket that offers long term appreciation. Ideal location in between the Netflix headquarters located at 5901 W Sunset Blvd (the Epic Building) and 5800-5808 W Sunset Blvd (the ICON Building), directly across the street from the Sunset Studios. The MetWest on Sunset features an impressive unit mix of 30 singles (approximately 528-630 square feet) 19 one bedrooms (approximately 602-692 square feet), and 30 two bedrooms (approximately 904-952 square feet) with Frigidaire stacked washers and dryers, gourmet kitchens with ceramic backsplashes, stainless steel GE appliances, granite countertops, engineered hardwood flooring, central air conditioning and heating, 9’ ceilings, custom cabinetry, and Dwelo smart technology with Smart Door lock, thermostat and light switch; select units have a private balcony or terrace with world-class views of Hollywood. Residents have numerous amenities to enjoy within MetWest on Sunset including a rooftop pool, spa, BBQ’s and lounge area with panoramic views of the Hollywood Hills and skyline, fitness studio with Life Fitness equipment, and internet café. Significant affordability gap to home ownership in Hollywood. The monthly payment on a median-priced home—inclusive of condos—is drastically higher than average rents in the area, which serves as a constant occupancy driver for apartment communities in Hollywood. Significant affordability gap to home ownership in Hollywood. The monthly payment on a median-priced home—inclusive of condos—is drastically higher than average rents in the area, which serves as a constant occupancy driver for apartment communities in Hollywood. Quality construction built in 2016, not subject to the city of Los Angeles Rent Stabilization Ordinance; fully parked with a three-level garage, 119 total spaces, and ten electric vehicle charging stations.