Multifamily

The Los Angeles Multifamily Portfolio

1481 S Canfield Ave, Los Angeles, CA 90035

Listing Price: $66,750,000

Cap Rate
3.42%
Number of Units
180
Price/Unit
$370,833
Price/Gross SF
$473.77
Gross SF
140,892

Investment Overview

PORTFOLIO INCLUDES ART DECO-STYLE ARCHITECTURE, MILLS ACT TAX BREAKS, AND LUXURY EXEMPTION FROM THE RENT STABILIZATION ORDINANCE • 425 S. Detroit Street, a 100% vacant luxury apartment building built in 1928, has a luxury exemption from the City of Los Angeles’ Rent Stabilization Ordinance. • 1354 Harper Avenue, named Casa Real, is a Mediterranean Revival-style apartment building constructed in 1930. The asset has been designated a Historic Landmark, placed on the Local Register of Historic Properties and granted Mills Act tax breaks by the City of West Hollywood. • 808 S. Hobart Boulevard, named Ashby Apartments, is a five-story landmark property featuring Art Deco-style architecture. • 1480 S. Canfield offers an investor the opportunity to purchase a trophy asset with little deferred maintenance required and additional upside in rents. • 916 Georgia, currently 32 apartment units, is located steps from LA’s premier nightlife destinations such as LA Live and Staples Center, positioning this as an ideal opportunity for a developer to collect cash flow while planning for redevelopment.

Investment Highlights

  • Rare Opportunity to Purchase Five Multifamily Properties Totaling 180 Units in A+ Locations
  • Each asset is unique within the portfolio including value-add, turnkey and redevelopment offerings.
  • Despite recent upgrades, all assets can undergo further renovations to achieve market rents.
  • Each building is unique and located in a different submarket of Los Angeles, including Koreatown, Pico-Robertson, Downtown, Miracle Mile and West Hollywood.
  • This generational investment opportunity benefits from the city's strong apartment fundamentals, exceptional demographics, employment centers, and universities.

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

Multifamily

The Los Angeles Multifamily Portfolio

Listing Price: $66,750,000

Cap Rate
3.42%
Number of Units
180
Price/Unit
$370,833
Price/Gross SF
$473.77
Gross SF
140,892

Investment Highlights

  • Rare Opportunity to Purchase Five Multifamily Properties Totaling 180 Units in A+ Locations
  • Each asset is unique within the portfolio including value-add, turnkey and redevelopment offerings.
  • Despite recent upgrades, all assets can undergo further renovations to achieve market rents.
  • Each building is unique and located in a different submarket of Los Angeles, including Koreatown, Pico-Robertson, Downtown, Miracle Mile and West Hollywood.
  • This generational investment opportunity benefits from the city's strong apartment fundamentals, exceptional demographics, employment centers, and universities.

Investment Overview

PORTFOLIO INCLUDES ART DECO-STYLE ARCHITECTURE, MILLS ACT TAX BREAKS, AND LUXURY EXEMPTION FROM THE RENT STABILIZATION ORDINANCE • 425 S. Detroit Street, a 100% vacant luxury apartment building built in 1928, has a luxury exemption from the City of Los Angeles’ Rent Stabilization Ordinance. • 1354 Harper Avenue, named Casa Real, is a Mediterranean Revival-style apartment building constructed in 1930. The asset has been designated a Historic Landmark, placed on the Local Register of Historic Properties and granted Mills Act tax breaks by the City of West Hollywood. • 808 S. Hobart Boulevard, named Ashby Apartments, is a five-story landmark property featuring Art Deco-style architecture. • 1480 S. Canfield offers an investor the opportunity to purchase a trophy asset with little deferred maintenance required and additional upside in rents. • 916 Georgia, currently 32 apartment units, is located steps from LA’s premier nightlife destinations such as LA Live and Staples Center, positioning this as an ideal opportunity for a developer to collect cash flow while planning for redevelopment.

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

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