Recently Sold

501 Hyde Park Pl

Inglewood, CA 90302

• Well-maintained 1985-construction building on a corner lot in Inglewood, consisting of 12 units and 24 gated on-grade parking spaces

• Low-expense asset priced below replacement cost at $320,833 per unit and $349 per square foot, with an in-place cap rate of 5.00% and a pro forma cap rate of 6.67%

• Consistent unit mix of 12 two-bedroom floorplans, equipped with stainless steel appliances and updated bath and kitchens 

• Half of the units have been repainted and renovated to include newly refinished laminate floors

• Strategically situated in the growing market of North Inglewood—with an easy commute to major employment centers including Culver City, Century City, Playa Vista, Beverly Hills, Century City, and Downtown Los Angeles

• Just a quick five-minute drive to two of LA’s most famous entertainment venues, the Kia Forum and SoFi Stadium, and a 12-minute drive to LAX

511 Pier Ave

Santa Monica, CA 90405

• 8-unit, value-add multifamily investment on a 6,999 square-foot lot, located just blocks from Santa Monica Beach

• Unique unit mix of (1) studio, (6) townhome style one-bedroom, and (1) townhome style two-bedroom floorplans, priced at $312,500 per unit and $357 per square foot

• Townhome-style units have two entrances, one at each level, large walk-in closets, and fireplaces

• Competitive going-in cap rate at 4.3% to stabilize at nearly a 9.5% cap rate

• Rare opportunity to obtain a well-maintained asset and achieve up to 46.55% in rental upside by increasing rents, improving the common area space, and renovating unit interiors with stainless steel appliances and high-end finishes and fixtures

• An astute buyer can capture additional upside by adding 2 ADUs in the existing covered parking lot

• Amenities include a lush garden landscape, an on-site laundry room, and 12 covered parking spaces

• Boasting a strong walking score of 85 out of 100, the property borders Santa Monica and West Los Angeles with views of the Santa Monica Mountains and the Santa Monica State Beach and is in proximity to Santa Monica Airport, Main Street, Penmar Golf Course, Abbot Kinney, employment hubs, entertainment, and restaurants

LP by Clg

349 S La Fayette Park Pl, Los Angeles, CA 90057
$43,440,000

• Generated multiple competing offers, eventually selling at $43.44M, $362K per unit, and $477 per square foot

• The Seller had below-market assumable agency debt, however, the Buyer chose to pay cash in order to preserve the right to create and maintain affordable housing

• The Seller saved nearly $2.4M by avoiding the ULA Transfer Tax

• The property was purchased with the intent of promoting and advancing workforce and affordable housing initiatives

• Worked with government agencies to create new legislation with the state of California enabling a nonprofit organization to own an LLC, allowing them to benefit from tax exemptions

• Three-story, 90,983 square foot multifamily investment on 1 acre of land consisting of 120 units.

• Built in 1971 and extensively remodeled in 2017, the property has 120 subterranean parking spots with third-party billing for EV charging stations

• 85% of units are fully renovated with a quality exceeding the competitive market set. With high-end finishes and fixtures, kitchens featuring stainless steel appliances, in-suite washers and dryers, hardwood floors with carpeting in the bedrooms, and mini-split AC and heaters

• Capital improvements undertaken in the last six years include a new roof, updated plumbing and boiler, a resurfaced and modernized pool, a built-in barbeque area, a redesigned fitness center, and EV charging stations.

• All units include 100-amp electrical panels and new plumbing to accommodate the installation of in-unit washers and dryers

1804 - 1808 Hauser Blvd

Los Angeles, CA 90019

• 4-unit, value-add multifamily complex on a 6,181 square-foot lot—first time on the market in 15 years

• Sold at $377 per square-foot in 90 days, with a quick 10-day DD period

• The property consists of (1) studio, (2) one-bedroom and (1) two-bedroom units, all equipped with hardwood floors, dishwashers, in-unit washers and dryers, and air-conditioning

• Employee population of 601,086 within a 5-mile radius

• Submarket asking rents projected to increase by 25.3% over the next five years

• Centrally located in Mid-City—just a quick drive to The Grove luxury shopping mall and LACMA

612 Mariposa Ave

Oakland, CA 94610

• Quick due diligence and a 25-Day close with no financing contingencies

• Generated multiple competing offers with the Seller ultimately choosing to exchange into a tax-sheltered Multifamily fund with no management hassle and increased profits through economies of scale

• Built in 1966, the property is comprised of (7) Studio units, (29) 1-Bedroom / 1-Bathroom units, (12) 2-Bedroom / 1-Bedroom units, and (2) 3-Bedroom / 2-Bathroom penthouse units that have a combined average size of ~858 square feet

• Location is attractive for individuals working from home due to large format units and proximity to Piedmont Avenue, the premier retail corridor in the area

• Easy of access to the rest of the East Bay and taking BART from the MacArthur BART station (1.2 miles) or driving via I-80 (under 15 minutes) into San Francisco

• 15-minute walk to Piedmont Avenue, Premier Retail Corridor

• Walk Score - 90+

1400 Venice Blvd

Venice, CA 90291

• Quick due diligence and an 18-Day close with no financing contingencies

• Generated multiple competing offers with the Seller ultimately choosing to exchange into a tax-sheltered Multifamily fund with no management hassle and increased profits through economies of scale

• 1988 construction, 31-unit multifamily apartment building located in the heart of West LA—not subject to City of Los Angeles rent control

• First time on the market in over 25 years

• Well-maintained property with consistent upgrades including a recent elevator update with a completed 5-year load test, and a brand-new roof with a 10-year warranty

• At the center of the Silicon Beach creative tech hub, which is home to notable area employers Google, Snapchat, Twitter and many more

• Diverse unit-mix with large floor plan—all units equipped with Caesarstone countertops, manufactured wood floors, and wall HVAC in each bedroom and living room. Select units feature walk-in closets and balconies with mountain or ocean views

• Residents benefit from common area amenities including a fitness center, an onsite laundry facility, a rooftop lounge with 360 views of West LA, and 52 gated parking spots

• Favorably located in highly sought-after Venice, the property is positioned on Venice Boulevard, just a 10-minute drive to Venice Beach, Abbot Kinney, and the Venice Canals

• The property is surrounded by some of the area’s most popular nightlife and dining options, including Firestone Walker, Zinque Cafe, and Brennan’s all within a 5-minute walk

41 - 47 Thornton Ave

Venice, CA 90291

• Sold at 95% of list price equating to $868 per square foot and a 4.44% cap rate

• 46-day cash close with a 14-day due diligence period

• Bungalow-style eight-unit multifamily apartment complex comprised of two separate structures, located on a rare walk-street just a few steps away from the world-renowned Venice Beach

• The property is situated on two separate lots and consists of (2) studio, (5) one-bedroom, and (1) two-bedroom layouts, all of which have hardwood floors, updated kitchens and bathrooms, brand-new plumbing and electrical, with an onsite laundry facility, center courtyard and shared front patio

• The two-bedroom front unit boasts it’s own private patio, offering a secluded outdoor space for relaxation and entertainment

• First time on the market in over 50 years

• Rare-to-the-area on-site parking with 8 spots

• At the center of the Silicon Beach creative tech hub, which is home to notable area employers Google, Snapchat, Twitter and many more

• Favorably located in highly sought-after Venice, the property is positioned on Venice Boulevard, just a 5-minute walk to Venice Beach, Abbot Kinney, and the Venice Canals

Amanda regency

6805 Louise Ave, Van Nuys, CA 91406
$19,000,000

• Located a high net worth family office with a year end close requirement while the majority of the investors were on the sidelines

• Assisted with the assumption of the loan within a 45 day timeframe by working strategically with the Lender, Seller, and Buyer to complete and submit the necessary paperwork

• Quick 10-day due diligence period and a 10-day close following loan approval

• Introduced the Buyer to a qualified management company that helped bring confidence to Fannie Mae in the Buyers ability to own an institutional investment with limited experience

• 73-unit multifamily property built in 1977 that had been well-maintained by the same ownership for over 25 years—recent capital improvements include a new roof and hot water heater as of 2021

• Below market-rate assumable financing at 3.97% providing positive leverage and savings of approximately $871,088 over the term of the loan with current interest rates

• Just a half-mile from West Hollywood, four miles from top studios in Burbank, and five miles from Griffith Observatory, the property has superior central access to the Greater Los Angeles Area

Kaitlin Court

1340 N Poinsettia Pl Los Angeles, CA 90046
$22,000,000

• Located a high net worth family office with a year end close requirement while the majority of the investors on the sidelines

• Assisted with the assumption of the loan within a 45 day timeframe by working strategically with the Lender, Seller, and Buyer to complete and submit the necessary paperwork

• Quick 10-day due diligence period and a 10-day close following loan approval

• Introduced the Buyer to a qualified management company that helped bring confidence to Fannie Mae in the Buyers ability to own an institutional investment with limited experience

• Below market-rate assumable financing at 3.97% providing positive leverage and savings of approximately $871,088 over the term of the loan with current interest rates

• 73-unit multifamily property built in 1977 that had been well-maintained by the same ownership for over 25 years—recent capital improvements include a new roof and hot water heater as of 2021

• Just a half-mile from West Hollywood, four miles from top studios in Burbank, and five miles from Griffith Observatory, the property has superior central access to the Greater Los Angeles Area

604 N Flores St

West Hollywood, CA 90048
6 Units

• Non-contingent offer at 97% of asking price—$312,500 per unit, $302 per square foot, and a 4.14% cap rate

• Built in 1959, 604 N Flores is a 6-unit, 6,216 square-foot value-add multifamily investment in a prime location just off Melrose Ave

• First time on the market in over 25 years

• Unit-mix of (2) one-bedroom, (2) two-bedroom, and (2) three-bedroom floor plans ranging in size from 750 to 1,088 square feet—select units feature laminate flooring, air conditioning, and white-tile backsplashes in the kitchens

• An astute Buyer can achieve 81% in rental upside through strategic renovations such as painting the exterior and upgrading the unit interiors to include high-end finishes and fixtures, quartz countertops, stainless steel appliances, and in-unit washers and dryers 

• Tenants benefit from 12 at-grade parking spots, six of which are tuck-under—providing two spots per unit 

• Located steps away from Melrose Ave, providing easy access to countless restaurants, shopping, and entertainment, including Alfred Coffee, EP & LP, and Melrose Ave Shopping District

• Within a 2-mile radius of major employers, including Paramount Pictures, CBS Studios, and Disney Studios

• Less than a five-minute drive to Pacific Design Center, Beverly Center, and Cedars-Sinai Medical Center

• Within a 2-mile radius of major employers, including Paramount Pictures, CBS Studios, and Disney Studios

• West Hollywood is ranked as the “Most Walkable City in California” by Walk Score—with the property boasting a walk score of 93/100

• Conveniently proximate to the luxurious amenities within Beverly Hills, the world-renowned nightlife of West Hollywood, and the more touristy spots of Hollywood

• Submarket asking rents are expected to grow 24.4% over the next five years

3414 W 17th ST

Los Angeles, CA 90019
8 Units

• Charming 8-unit, 6,674 square-foot value-add multifamily investment on a 7,000 square-foot corner lot

• 15-Day due diligence period and a quick cash close

• An excellent unit mix of (6) one-bedroom and (2) two-bedroom floorplans, seven of which have, wood cabinets, tile countertops, and full baths

• One unit has been recently upgraded to include laminate wood floors and stainless steel appliances allowing the Buyer to capture 24% loss-to-lease with minimal effort and cost

• Opportunity to obtain a well-maintained asset with a rental upside of 51% by implementing a more aggressive managerial approach to relocate tenants, increase rents, and renovate the remaining 7 units with stainless steel appliances, new flooring, and high-end finishes and fixtures

• An astute Buyer can increase the NOI by approximately $50K per year by adding 2 ADUs in the existing parking lo*

• ADU plans are complete and submitted to the City for approva

• 11 at-grade, on-site parking spots in the front and back of the building—offering more than one spot per unit

• Boasting a strong walk score of 87/100, the property is conveniently located within walking distance of the neighborhood’s best shopping, dining, and entertainment

• Just a quick 3-minute drive to the I-10 Santa Monica Freeway, connecting the property to the Greater Los Angeles area

4034 Redwood Ave

Los Angeles, CA 90066
$3,850,000 | 8 Units

• 7-Day Due Diligence period and a quick 19-day close

• 1990 construction, 8-unit multifamily apartment building located in the heart of West LA—not subject to City of Los Angeles rent control

• Well-maintained property with a brand-new roof—first time on the market in nearly 15 years

• Mix of one- and two-bedroom townhouses equipped with vinyl plank flooring, high ceilings, large closets with ample storage, fireplaces, and wall HVAC in each bedroom and living room—select units have large private balconies

• Residents benefit from an onsite laundry facility and 14 gated parking spots

• The property passed SCEP inspections in July, 2023

• Favorably located in Del Rey, the property is positioned in West La, just a 10-minute drive to Venice Beach, Abbot Kinney, and the Venice Canals

• The property is surrounded by some of the area’s most popular nightlife and dining options, including Firestone Walker, Zinque Cafe, and Brennan’s all within a 10-minute walk

220 - 238 Roselake Ave

Los Angeles, CA 90026
$1,400,000 | 10 Units

• Marketed 10-unit property with disclosure of four apartments and six guest rooms, totaling 4,716 square foot, 1965 construction multifamily investment. 

• Multiple offers produced a Buyer with a quick 5-day DD period and no loan contingency

• Gentrifying neighborhood on the border of Silverlake and Westlake with affordable tenants in a market rate property with 45% rental upside.  

• Overcame lease concessions affecting the net income, delinquencies, non-conforming units, and increasing interest rates to transact with an exchange buyer with competing offers.   

9337 National Blvd

Los Angeles, CA 90034
$3,952,000 | 9 Units

• Sold for $3,952,000, $440K/unit, $495/sqft & 4.63% cap rate—100% of list price

• Seven out of nine units have been fully renovated, including in unit washers and dryers and new plumbing and electrical

• Modern units feature spacious living rooms, hardwood floors, recessed lighting, large closets with built-in shelving, stainless steel appliances, and in-unit washer and dryers

• Opportunity to achieve over 20% rental upside by completing upgrades when remaining two units vacate

• Residents benefit from onsite, gated parking and secure entrances 

• Half a mile from the Palms Station for the Expo Metro line, connecting the property to Santa Monica, Downtown Los Angeles and beyond

• Surrounded by known tech hubs of Culver City and the “Silicon Beach” cities of Santa Monica, Venice and Playa Vista

• Direct access to shopping and dining destinations in Los Angeles, from Beverly Hills triangle and Century City Westfield Mall to walkable Brentwood and Santa Monica

• Easy commutes to job centers including Culver City, Santa Monica, Playa Vista, Beverly Hills, Century City and Downtown Los Angeles

1016, 1018, & 1015-1021 N Mariposa Ave

Los Angeles, CA 90029
3 Properties |$12,700,000 Total Sale | 74 Units

• Fully non-contingent offer with no inspections, a $1M deposit released outside of escrow to the Seller, and a 60-day close

• Three self-managed properties with a total of 74 units with average of 46% rental upside

• Located on 1.3 acres of TOC land with the opportunity to maintain existing structures and build additional units

• Centrally located with a walk score of 86 out of 100—with easy access to entertainment and major employers such as Paramount Studios, Sunset Gower Studios, Children’s Hospital of LA, and many others

1016 N Mariposa Ave

• Value-add opportunity consisting of 25 units—with plans to build 2 ADU’s generating over $51,000 in additional income per year and 40% rental upside upon vacancy

• A two-story, 16,646 square-foot multifamily complex with cottage-style architecture in a courtyard setting on a large 28,987 square-foot lot

1018 N Mariposa Ave

• 1958 construction, 24-unit property on a 14,462 square foot lot—with a new pitched roof, completed soft=story retrofit work, individual meters, and parking

• Excellent value-add opportunity with 41% rental upside through implementing strategic upgrades to the units

1015-1021 N Mariposa Ave

• 23-unit 14,880 square-foot value-add opportunity on a 16,510 square foot lot

• The property’s LAR3 zoning and TOC Tier 3 allows for a 70% density bonus with 14% VLI. This provides the unique opportunity of combing these two parcels, destroying the existing 2 bungalows, and taking a reconstruction approach, building up to 14 additional units for a total of 35 units

1250 N Kingsley Dr

Los Angeles, CA 90029
$6,100,000 | 24 Units

• 24-unit courtyard style 17,678 square foot multifamily investment on a 15,791 square foot double lot in an opportunity zone

• A diverse unit mix of majority 650 square foot one-bedroom and one-bathroom units complimented with two-bedroom units priced at less than $255,000 a door and below replacement costs at $345 per square foot 

• Competitive going-in rate of nearly a 4-cap to stabilize at almost an 8-cap rate

• Value-add opportunity to obtain a well-maintained asset with a rental upside of 59% by implementing a more aggressive managerial approach to relocate tenants, increase rents, improve the common area space, and renovate unit interiors with stainless steel appliances and high-end finishes and fixtures

• Amenities include a swimming pool, laundry room, and 34 secured parking spaces.  All the units are separately metered for gas and electricity and include air conditioning and private balconies

• Boasting a strong walking score of 89 out of 100, the property borders Hollywood and Los Feliz with views of the Hollywood Sign and the Griffith Park Observatory and is in proximity to Children’s Hospital of Los Angeles, Paramount Studios, Sunset Gower Studios, employment hubs, entertainment, and restaurants

3675 Dunn

3675 Dunn Dr
Los Angeles, CA 90034
$15,000,000 | 18 Units

• Sold for $15,000,000, $833,333/unit & 4.52% cap rate

• 3-day Due Diligence period with no-retrades and a quick 41-day close

• Arranged in a unique mix of (3) two-bedroom and (15) three-bedroom floor plans and ranging from 1,140 to 1,528 square feet, the units feature spacious living rooms, hardwood floors, recessed lighting, private patios, stainless steel appliances, nest thermostats luxury tile floors in the bathrooms, and in-unit washer and dryers

• Community amenities include a sundeck with lounge seating and wifi, bike storage, and controlled access entry to the lobby and garage

• Residents benefit from 32 subterranean parking spots—nearly 3 spots per unit—and EV charging stations

• Submarket asking rents expected to rise 27% over the next two years

• Submarket occupancy averaged 96.92% over the past five years

• The average household income within a three-mile radius is $124,510

• Half a mile from the Palms Station for the Expo Metro line, connecting the property to Santa Monica, Downtown Los Angeles and beyond

• Surrounded by known tech hubs of Culver City and the “Silicon Beach” cities of Santa Monica, Venice and Playa Vista

• Direct access to shopping and dining destinations in Los Angeles, from Beverly Hills triangle and Century City Westfield Mall to walkable Brentwood and Santa Monica

Sierra bonita

917 Sierra Bonita Ave
West Hollywood, CA 90046
$5,450,000 | 5 Units

• 5-unit Multifamily Complex constructed in 2007 as Condos but currently rented as apartment units—purchased by the current owner from the original builder

• Each townhome features an upscale kitchen with high-quality cabinetry, stainless-steel appliances, an in-unit washer and dryer, recessed lighting, gated parking, and multiple private balconies with views of the Hollywood Hills

• Purchaser can either continue to run the Property As-Is—which allows for an excellent owner-operator opportunity with the 4 Bed + 4 Bath front unitor oversee a simple condo-conversion process and subsequently sell individual units at approximately a 26% premium

• Highly qualified tenant base with no delinquencies and minimal property upkeep provides a Buyer with robust cash flow

• With the median SFR sales price in West Hollywood rising 14.8% over the last year and mortgage rates up over 100% in the same timeframe—the market is expecting a massive shift from potential homeowners to renters, boosting demand for condo-esque assets

• Submarket asking rents are expected to grow 28.24% over the next five years, returning to pre-COVID rates

• West Hollywood occupancy averaged 94.65% over the past five years

• Average household income of $131,859 within a three-mile radius, expected to rise 16.7% over the next five years

• Located between Melrose Avenue and Santa Monica Boulevard, steps away from countless restaurants and shops, such as The Village Idiot, Osteria Mozza, Ysabel, Milk Bar, and the famous Melrose Trading Post

• Within a 2-mile radius of major employers, including Paramount Pictures, CBS Studios, and UCLA Health

• Conveniently proximate to the luxurious amenities within Beverly Hills, the world-renowned nightlife of West Hollywood, and the more touristy spots of Hollywood

Valley pride village

13200 Bromont Ave
Sylmar, CA 91342
$18,500,000 | 88 Units

88-Unit Multifamily Complex in Sylmar

• Sold for $18,500,000 and $367 Per SF, equating to a ~3.8% going-in Cap Rate and 6.5% Pro Forma

• Buyer went non-contingent within one week of the Purchase Agreement Execution, and the deal was closed within 45 Days

• Buyer partnered with a nonprofit and will keep the tenant base at moderately affordable rents, ensuring the market will maintain housing for seniors with lower incomes

• Low-Density lot holding ~27 Units / Acre on a 3.3 Acre lot capable of fitting ~81 Units / Acre

• Well situated off the 210 Freeway—giving tenants a vein to the 5, 405, and 110, for access to the endless employment opportunities throughout the San Fernando Valley and the rest of Los
  Angeles County

• The submarket has posted consistently high occupancy
  figures—averaging 98.9% over the past five years

• Local home values forecasted to rise 16.5% over the next year, with asking rents in the area projected to increase 16.1% over the next five years

LeMay Apartments

11726 Lemay St
North Hollywood, CA 91606
$3,600,000 | 20 Units

Value-Add Multifamily Building | Sold at 100% of List Price

• All cash, non-contingent purchase—16 days from list to under contract—63 days from list to close

• 20-Unit apartment building with 20 at-grade parking spots, located on a large, 15,790 sqft cul-de-sac lot

• First time on market in over 25 years, a true multi-generational asset

• Low paying tenant-base, allowing an experienced buyer to capture ample loss-to-lease through strategic leasing

• North Hollywood home values predicted to increase 4.7% in the next year

• Submarket asking rents expected to rise 16.9% over the next five years

• Submarket occupancy averaged 96.5% over the past five years

• Proximity to popular local shopping and dining spots, including Lilit Bakery & Café and BlaqHaus NoHo

• Nestled between Studio City, Burbank and Toluca Lake, just a few miles in either direction

• Directly off the I-5 and 170 Freeways, connecting the property to the greater Los Angeles Area

• Just a short 10 minute drive to the Hollywood Burbank Airport

Legacy knowlton

6944 Knowlton Place
Los Angeles, CA 90045
$19,650,000 | 36 Units

• 2021 Construction, 36-unit, Class-A luxury apartment building below replacement cost

• Property not subject to Los Angeles City rent control

• Spacious units average 1,093 SF and feature private balconies, in-unit washers & dryers, large windows, stainless steel appliances, dishwashers, and surround sound speaker systems

• Community amenities include gated parking spaces for every unit, long and short term bicycle parking, business center, expansive roof-top common areas with seating and grills, and a state of the art fitness center

• Beginning on the third floor, residents take in views of both the city and LAX’s bustling air traffic without the noise

• Located just 3 miles east of Playa Vista, a sector of Silicon Beach, which boasts technology giants such Facebook, Microsoft, Google, YouTube, IMAX, and Electronic Arts

• Five miles south from Culver City, which boasts a burgeoning mecca of entertainment companies such as Apple, Amazon, TikTok, and HBO

• SoFi Stadium, home of the LA Rams, LA Chargers, and The Forum, is a quick 13 minute drive away

• Property is within 4 miles of the 300-acre Hollywood Park redevelopment in Inglewood, which will include as much as 5 million square feet of creative office space, a retail district with up to 890k square feet of shops, up to 2,500 residences, a 300-room hotel, and a 6,000-seat entertainment venue

• LMU, just 3.5 miles west, educates 9,577 students and employs more than 2,000 faculty and staff. The university is set to reopen for in-person classes in Fall 2021

• Just over a mile from the under-construction Crenshaw Metro Light Rail stop and near LAX, this location is perfect for local and world commuters

Subject land property

Skiff & Wild Country
Agua Dolce, CA 91350
10.9 Acre Lot

10.09 Acres of undeveloped land directly off Skiff Road

• Opportunity to build 1 structure per 2 acres of land

• 45 minute non-stop commute to Downtown Los Angeles

• Directly between Santa Clarita and Palmdale, each a 22 minute drive away

1654 North Stanley

1654 North Stanley Ave
Los Angeles, CA 90046
$4,100,000 | 9 Units

• 9-unit value-add apartment building with 31% in rental upside

• This incredibly well-maintained building is presented to the market for the first time since 1989

• Impressive units average 1,088 square feet and include curved fireplaces, floor to ceiling windows, cedar lined closets, and plumbing access throughout the building

• Extremely rare, grandfathered-in rooftop deck features 360

• degree views of Downtown Los Angeles, West Hollywood, Griffith Observatory, and Hollywood

• Exudes Spanish revival architecture with stained glass windows, original hardwood inlaid floors, arched doorways, 11 foot ceilings, and colorful tile work in kitchens and bathrooms

• Located just a mile from West Hollywood, four miles from top studios in Burbank, and five miles from Griffith Observatory, the property has superior central access to the Greater Los Angeles Area

• Sunset Boulevard a block south provides premier access to popular shopping, dining, and entertainment options

• Premier shopping center, Hollywood & Highland, as well as notable area attractions including the Walk of Fame, TCL Chinese Theatre, and Dolby Theatre are located within 1 mile

2050 Dracena

2050 Dracena Drive
Los Angeles, CA 90027
$6,675,000 | 20 Units

• 20-Unit classical Spanish Colonial Revival architecture apartment building situated on a large, 10,000 SF double lot just steps to Los Feliz Village

• Priced at $337,500 per unit at a 4.31 cap rate

• Built in 1924, the property has been upgraded with new electrical, copper plumbing, exterior paint, landscaping, and modern fixtures

• Unique unit layouts allow for ample storage with multiple closets and pantry areas

• Residents benefit from the gated entrance, shared back patio, and on site laundry

• Units feature large windows, hardwood floors, AC, open living space, closet space, full designer bath and modern kitchen finished in white with butcher block counter tops

• Favorably located one block from bustling Hillhurst/Ambrose restaurants & shops, including Albertsons, Blue Bottle Coffee, Messhall Kitchen, and Alcove Cafe

• Sunset / Vermont Metro Station one mile south provides superior accessibility to the Greater Los Angeles Area

• Surrounded by development activity in neighboring areas of Hollywood, Glendale, Downtown Los Angeles and Koreatown, Los Feliz is one of the few remaining pockets untouched by major growth

• World famous Griffith Observatory is a mere two miles north of the property

• Barnsdall Art Park less than a mile south features art classes for both adults and children in addition to wine tastings and a gallery

941 NORTH MARTEL

941 North Martel Avenue
Los Angeles, CA 90046
$1,860,000 - 6,984 SF Lot

• Rare 6,986 square foot vacant site for state-of-the-art multifamily single lot or condo development

• Currently entitled for 14 apartment units, however, the highest and best use for the site might be to build condos or townhomes

• Building plans designed by celebrated architect Jack Hollander & Associates

• Located in Tier 1 Transit Oriented Community

• Prime location steps to border of West Hollywood at the center of the Hollywood, Burbank, Downtown, and Beverly Hills employment hubs

• Located between Melrose Avenue and Santa Monica Boulevard, steps away from numerous restaurants and shops, local and chains alike inclusive of Blue Jam Cafe, Groundlings Theater, Jones, and Target

• Within a 2-mile radius of major employers, including Paramount Pictures and CBS Studios

• Just two blocks away, Santa Monica Blvd gives access to the greater Los Angeles Area

• Melrose neighborhood appeals to an affluent tenant base with high education and income levels

Manhattan place apartments

426 S Manhattan Place
Los Angeles, CA 90020
$6,500,000 | 40 Units

• Owned by same family for 49 years but never renovated

• 40-Unit* classic 1928 build located in the best location of Koreatown near major employers

• Competitively priced at $170,000 per unit* and $245 per foot

• Top floor features sweeping views of Downtown LA, Griffith Park, and the Hollywood Hills

• Opportunity to renovate basement to add fitness center, storage units, and bike lockers

• Residents benefit from amenities including tile floors in units, a controlled access building, and on site laundry facilities

• Location is rated as “Walkers Paradise,” with a walk score of 97 out of 100

• Located in the heart of Koreatown just 3 blocks from 8th Street, home to the area’s nightlife, employers, and countless restaurants

• Koreatown is one of the most historic, diverse, and densely populated areas in Los Angeles

• Wilshire and Western metro stop is a 7 minute walk away

• Nestled between Downtown Los Angeles and Hollywood just a few miles in either direction

• Adjacent to Wilshire Center, 2.5 miles from Downtown Los Angeles and 3 miles from USC (45,500 students and 27,429 staff)

THE RETREAT AT MIDWAY CITY

7780 Bolsa Avenue
Midway City, CA 92655
$32,500,000 | 88 Units

• Brand new 88-unit resort-style apartment community with state-of-the-art finishes reserved for seniors age 62+

• Features studio, one- and two-bedroom units with hardwood-style flooring, spacious balcony or patios, oversized windows, and in unit washer and dryers (except studios)

• Resident lifestyle amenities include a resort-style clubhouse, fitness center, game room, private dining space, community garden, and much more

• Conveniently located between Huntington Beach and Westminster, near the 405 freeway and SR 2

• Property is within an 8-mile radius of five major medical/health care centers

• High quality of life paired with active and amenity-rich lifestyle

• Minutes to local beaches and area's top points of interest and services, including Bowers Museum, Disneyland, and Hoag Health Center, making it an ideal place to retire

• The number of people turning 60+ each year in Orange County has accelerated over the last five years to about 20,700 per year

• Average household income of Orange County residents 55 or older is $1,600,000

the normandie

646 North Hauser Boulevard
Los Angeles, CA 90036
$3,795,000 - 6 Units

• Successfully generated an offer at listing price within 24 hours of going on the market

• The 6-unit apartment boasts fully remodeled units with high-end, condo-style finishes completed in 2021

• Competitively priced at a 4.3% cap rate on actuals

• Renovations include new chef-grade kitchen appliances, wood floors, modern bathrooms with Duravit fixtures and rain showers, and updated plumbing and electrical, creating an elevated living experience

• Opportunity to add two ADU’s in rear of building, creating 50% rental upside

• Residents benefit from private garages for each unit, and impeccable walking access to shopping and dining options at the Grove and Miracle Mile

• Located in between Wilshire Boulevard and 6th Street, with access to premier LA destinations lined with popular shopping, dining, and entertainment options

• Boasts a Walk Score of 94 out of 100, deeming the property a Walker’s Paradise

• Miracle Mile’s top attractions, including the LACMA, La Brea Tar Pits, and Academy Museum of Motion Pictures, are a half-mile east of the property

• Surrounded by top studio employers including CBS, Sony Pictures, Paramount Pictures, and 20th Century Fox

Frostanya Apartments

346 N Vermont Ave
Los Angeles, CA 90004
$15,475,000 - 80 Units

• 80-Unit apartment building with original Art Deco features; First time on market in over 30 years

• Property not subject to Los Angeles rent control, and has potential for discounted property taxes through the Mills Act

• Major renovations include electrical, plumbing, and elevator mechanics

• Views of the Hollywood sign and downtown starting on the third floor

• Extremely rare parking with 37 spots split between adjacent lot and underground garage

• Opportunity for value add through converting common area into a gym and ADU, expanding retail space and leasing, and upgrading the extensive rooftop, lobby, and expansive terrace off lobby

• Building has potential to be converted into a hotel with expanded retail

• Many remodeled units include water-resistant floors, updated fixtures, counter tops, and cabinets

• The Vermont and Beverly transit stop is directly across the street, giving resident access to the bus and subway system

• Koreatown is one of the most historic, diverse, and densely populated areas in Los Angeles

• Location is rated very walkable with a walk score of 89 out of 100

• Nestled between Downtown Los Angeles, Koreatown, Silverlake, and Hollywood just a few miles in either direction

• Directly off the 101 Freeway and Beverly Boulevard, connecting the property to the greater Los Angeles Area

Louise Apartments

12449 Louise Ave
Los Angeles, CA 90066
$12,350,000 - 25 Units

• Generated all cash offer with 48 hour due diligence period, 45 day close, and no loan contingency

• Listed during Covid-19 Pandemic, which created an unstabilized market, limited buyer pools, and rental delinquencies

• 25-unit multifamily building with 20% rental upside

• Competitively priced at $500,000 per unit and $530 per square feet

• Units come equipped with in-unit washers and dryers, hardwood flooring, stainless steel appliances, and updated interiors

• Community amenities include gated parking, 24-hour maintenance, and controlled access

• Location rated "Very Walkable" with a walk score of 84 and "Very Bikable" with a bike score of 85

• Private rooftop features views of Marina Del Rey, Downtown LA, and the Hollywood Hills

• 1.5 miles from the 405 freeway, connecting the property to the greater Los Angeles area

• Property is at the center of the westside surrounded by the job and economic centers of Marina Del Rey, Culver City, and Venice beach

• Washington Boulevard, Culver Boulevard, and Venice Blvd each surrounding the property host a multitude of dining, grocery, and shopping options

K Street flats

2020 Kittredge Street
Berkeley, CA 94704
$100,000,000 - 170 Units

• 170-unit multifamily property built in 2006 sold for a competitive price of $588,235 per unit and $782 per SF

• Represented both Buyer and Seller with no re-trade

• Successfully negotiated the first bond deal with the city

• Buyer executed an expeditious due diligence period to acquire property

• Community amenities include BBQ grilling stations, multiple courtyards, on-site laundry facilities, controlled access, off-street parking, media room, and study lounges

• Spacious one- and two- bedroom unitscome equipped with full kitchens, including dishwashers, large closets, high ceilings, and vinyl flooring

• Unmatched location in the heart of downtown Berkeley directly off Shattuck Avenue, home to a multitude of shopping, dining, and entertainment options

• One block from UC Berkeley, one of the nation's top universities and a global capital for arts and entertainment, innovation and technology, business and entrepreneurship

• Downtown Berkeley BART station is a 6-minute walk away and connects the property to the greater Bay Area

• Surrounded by top East Bay employers including Kaiser Permanente, Bayer Health Care, The Clorox Company, and Pixar Animation Studios

2050 peyton Ave

2011 Peyton Avenue
Burbank, CA 91504
$2,055,000 - 10 Units

• Generated non contingent, list price offer with 14 day close

• 10-Unit multifamily building on the market for the first time in 46 years

• Opportunity exists to renovate property with new counter tops, appliances, fixtures, and updated laundry room to achieve higher rents

• 100% occupied with all tenants paying rent

• 20% rental upside by continuing strategic renovations

• Low expense burden should allow for positive cash flow on day one of ownership

• Property is at the center of Burbank just a four minute drive from the bustling downtown

• Surrounded by Los Angeles’ major film studios, including Walt Disney Studios, Universal Studios, and Warner Brothers, which provide surrounding area with thousands of jobs

• World famous Griffith Park lies just over 4 miles south of the property

• Residents have superior access to the Hollywood Burbank Airport, a mere 5 minute drive away

• Centrally located off the I-5 Freeway, connecting the property to the greater Los Angeles Area

• North Glenoaks Boulevard, North 3rd Street and West Burbank Boulevard host a multitude of dining, grocery, and shopping options including Starbucks, Ralphs, and local favorite Life Rooted Pizza

1227 21st Street

1227 21st Street
Santa Monica, CA 90404
$4,950,000 - 12 Units

• Within 24 hours, Colliers procured a buyer who submitted an accepted offer to Seller at full asking price, no contingencies, 3-week close, and 10% earnest money deposit

• The Property was rebuilt in 1996, but was restricted under Santa Monica Rent Control, 25% of the units were deed-restricted to 80% of AMI, and 42% of the Property was vacant

• Despite these challenges, the Buyer was able to understand the long-term upside in the market and execute to satisfy the Seller’s expectations

• Well maintained 12 unit, horseshoe-shaped apartment building located in heart of Mid City Santa Monica

• Units average 1,000 SF and feature central air, individual water heaters, hardwood floors

• Just steps from premier Wilshire Boulevard shopping and dining

• Douglas Park, Whole Foods, Colorado Center Park, and The Ambrose Hotel are all within a quick 15-minute stroll

• Conveniently proximate to public transit via the 26th Street / Bergamot Metro Expo Line located less than one mile away

• In the heart of Silicon Beach with access to major tech employers including the likes of Google, Snapchat, Twitter, Oracle, Hulu and many more

• Location rated a “Walker’s Paradise” with a walk score of 91 out of 100

Azure the residences

11900 Courtleigh Drive
Los Angeles, CA 90066
$17,300,000 - 28 Units

• Went under contract the same day as listing for 97% of listing price

• 28-Unit contemporary 2014 build property that is below replacement cost

• Building is condo mapped and ready for individual condo sales starting in 2024

• High-velocity lease up brings rental upside

• Sweeping views of Downtown LA, Marina Del Rey, and the Hollywood Hills can be seen from the 2nd floor through the 4,000 square foot roof deck

• LAR3 zoned corner lot that includes 53 garage parking spaces

• Each unit comes equipped with stainless-steel appliances, in-unit washer/dryer, quartz counter-tops, central HVAC, in-unit home security system, and each unit is separately wired for modern technology

• Property is at the center of the westside surrounded by the job and economic centers of Marina Del Rey, Culver City, and Venice beach

• Surrounded by Los Angeles’ major employers, including Sony Pictures, Snapchat, and Nike

• LMU, just 3.5 miles away, educates 9,577 students and employs more than 2,000 faculty and staff. The university is set to reopen for in-person classes in Fall 2021.

• Residents have superior access to LAX, it being a mere 12 minute drive away

• Location is rated very walkable with a walk score of 82 out of 100

• Centrally located off the 405 Freeway, connecting the property to the greater Los Angeles Area

1522 hi point St

1522 Hi Point St
Los Angeles, CA 90035
$5,675,000 - 18 Units

• Well-maintained building renovated down to the studs with copper plumbing throughout, 15 of the 18 units include new electrical panels and windows

• Large 17,003sf lot with ample opportunity for additional units through separating the lot and developing or via Accessory Dwelling Unit (ADU) program

• Opportunity exists to enhance the units with new appliances for additional rental upside

• 17.6% upside in rents with additional income opportunities in billing back utilities and charging for parking, with 27 spots for 18 units

• 100% occupied with all tenants paying rent

• Soon to be the entry level price point on the block, with 6+ new construction apartment buildings planned or under construction

• A short drive from La Cienega Park, offering ample outdoor park area as well as jogging trails, tennis courts, baseball fields, and more

• The property is approximately 1.5 miles south of museum row, which includes LACMA, the La Brea Tar Pits and the Peterson Automotive Museum

1141 mohawk

1141 Mohawk Street
Los Angeles, CA 90026
$6,800,000 - 10 Units

• Brand new luxury apartments on the border of Silverlake and Echo Park

• Condo-quality units feature high-end finishes and fixtures, gourmet kitchens, spacious baths, in-unit washer and dryers, sweeping city views, and large balcony and patio spaces

• Rooftop deck includes three separate seating areas and a game space with ping pong

• Secure subterranean parking with two spots per unit

• Located just a block from Sunset near the Echo Park dining and nightlife district, with Mohawk Bend at the end of the street

• Echo Park and Silver Lake are some of the most historic, diverse and densely populated areas in Los Angeles

• Location is rated as “Walkers Paradise,” with a walk score of 95 out of 100

• Nestled between Griffith Park and Elysian Park, home to Dodger Stadium, just a few miles in either direction

• Approximately 3 miles from Union Station, Los Angeles’ primary railway station

1801 E CHEVY CHASE 

1801 E Chevy Chase Drive
Glendale, CA
$2,450,000 - 12 Units

• Well-maintained two-story building with 12 units benefitting from a newly painted trim along with recently replaced windows throughout

• Opportunity exists to renovate the units with new flooring, countertops, appliances and fixtures to achieve higher rents

• 20% rental upside with additional income opportunities through bill-back of utilities

• Low expense burden should allow for positive cash flow on day one of ownership

• Underutilized backyard area leaves potential to add Covid-friendly amenity space for residents

• A short drive from Griffith Park, offering ample outdoor park area as well as hiking trails, horseback riding, tennis courts, soccer fields, and more

• The property is 1 mile east of Downtown Glendale, which includes the Alex Theatre, and the Museum of Neon Art

• Glendale home values have gone up 9.1% over the past year and are predicted to rise another 8.5% within the next year

• Well-positioned on a corner lot with R3 zoning, providing a strong backstop to property value

• Located in a quiet residential neighborhood among single family homes

3825 westwood 

3825 Westwood Blvd
Culver City, CA 90232
$1,370,000 - 4 Units

• Low-density, single story apartment building on a beautifully maintained 6,251 sf lot in prime Culver City

• Plans drawn and permits pulled for an additional ADU unit in the detached garage, with space for it’s own private yard

• 3 out of 4 units extensively renovated with quartz countertops, stainless steel appliances, grey vinyl flooring, new lighting fixtures, and modern bathrooms

• Renovated units also feature new house panels, updated plumbing systems, new windows, and all have private or shared patio space

• Investors will benefit from a low down payment with conventional financing, and can achieve immediate upside with ADU construction

• One block from 31-store Culver Center Shopping Complex including Ralph’s, Walgreens, B of A, LA Fitness, Best Buy and more

• Just two blocks from Veterans Memorial Park, featuring fields for soccer & softball, basketball, tennis courts, and more

• Five-minute drive to Downtown Culver City, offering an abundance of unique shopping and dining options

• Convenient proximity to the major employment hubs in Santa Monica, Century City and Beverly Hills

812 n martel

812 North Martel Avenue
Los Angeles, CA 90046
$3,600,000 - 10 Units

• After receiving multiple offers, Martel went under contract within a week of listing at 99% of list price

• Generated an all-cash offer with a quick close of escrow

• Rare market opportunity owned by the same family for 34 years

• Many units feature vinyl flooring, private patios, and balconies, and the property boasts gated parking and on-site laundry

• Units would gain from an enhanced turn including new cabinets, countertops, fixtures and lighting to maximize rents in this highly sought after market

• Stable income-producing asset with steady cash flow and significant value-add potential

• Directly off Melrose Ave, steps away from numerous restaurants and shops, local and chains alike inclusive of Blue Jam Cafe and Groundlings Theater

• Location is rated as a “Walker’s Paradise,” boasting a Walk Score of 95 out of 100

• Within a 2-mile radius of major employers, including Paramount Pictures and CBS Studios

• Just two blocks away, Santa Monica Blvd gives access to the greater Los Angeles Area

• Melrose neighborhood appeals to an affluent tenant base, with high education and income levels

1320 armacost

1320 Armacost Avenue
Los Angeles, CA 90025
$3,775,000 - 9 Units

• Generated a quick, all cash close from an exchange buyer with multiple competing offers

• Low-rise, walk-up apartment building adjacent to Brentwood with 32.4% rental upside

• Owned by the same family for 23 years, it has been meticulously well-maintained with copper plumbing throughout

• Opportunity to add significant value through strategic renovations to the unit interiors, common areas, facade, and landscaping

• Diverse mix of spacious studio, one-, two- and three-bedroom units

• Units feature hardwood flooring, carpet, tile, wall HVAC, private balconies, fireplaces and ample storage with community amenities including covered parking and shared laundry facilities

• All units feature spacious attached balconies or patios

• Highly-walkable location in West Los Angeles, one of the metro’s most stable and desirable multifamily neighborhoods

• UCLA, the #2 public university in the nation with 45,000+ students and 48,736+ staff is a five-minute drive away

1342 N Highland

1342 N Highland Ave
Los Angeles, CA 90028
$12,600,000 - 15 Units

• Sold in conjunction with 1817 Garfield Place

• Non-rent controlled property at a 4.39% cap rate to be a 5.21% cap rate situated on a large 14,760 square-foot double lot

• The building has been well maintained with quality interior finishes while the opportunity is available to add further value through strategic upgrades to the units and by generating income from parking and RUBS

• Units includes white granite countertops, in-unit washer and dryers, central heat and air, hardwood floors, and stainless-steel appliances with individual hot water heating

• Community amenities include a beautiful quiet courtyard, fitness center, covered parking garage, twenty-four-hour surveillance cameras, communal barbeque area, and an outdoor lounge space

• Not controlled by the State of California ordinance which allows for 5% + CPI rent increases until August 2023

  Request Info

1817 Garfield

1817 Garfield Place
Los Angeles, CA 90028
$12,600,000

• Sold in conjunction with 1342 N Highland

• Non-rent controlled 2002 construction apartment building consisting of large class A units and townhomes averaging 1,100± sqft

• Features high end finishes, including hardwood floors, extra large chef’s kitchen with stainless steel appliances, granite countertops, in-unit washer and dryer with individual water heater, central heat and air conditioning, private patios, ample storage space

• Access to the property is secured and each unit is provided with two gated, subterranean parking spaces

• 4.24% cap rate and a pro forma 5.17% cap rate with minor adjustments

  Request Info

815 s sherbourne

815 S Sherbourne Drive
Los Angeles, CA 90035
$3,010,000 - 6 Units

• Accepted a quick, all cash offer with a 21-day close

• Low-rise, walk-up apartment building with 31% rental upside 20 meters from world-famous Beverly Hills

• Strong unit mix of one bedroom, two bedroom, and three bedroom apartments

• R3-zoned on a TOC Tier 3 lot adding a strong backstop to property value

• 50% of the property has undergone significant upgrades including new vinyl flooring, quartz countertops with tile backsplash, new cabinetry, and modern bathrooms with new vanities and stainless steel fixtures

• Highly walkable location in Pico-Robertson, with an 87 Walk Score and just steps to Beverly Hills

• Just two blocks from La Cienega Park, featuring jogging trails, tennis courts, baseball fields, and more

• Five-minute walk to both Robertson and Wilshire, both lined with an abundance of high-end unique shopping and dining options

• A short drive to the Grove, Sunset Strip and The Golden Triangle

• Convenient proximity to the major employment hubs in West Hollywood, Culver City, Beverly Hills and Century City

the knolls

3138 E Maple Ave
Orange, CA 92869
$66,550,000 - 260 Units

• 260-unit affordable property featuring spacious townhomes in a quiet, gated community

• Represented both buyer and seller without re-trade during COVID

• Successfully negotiated a 10-month presale with a large $2M initial deposit to go along with Sellers fund timeline

• Buyer executed an expeditious due diligence period to acquire the property

• Ample community amenities including BBQ and picnic area, covered reserved parking, garden walkways, sport court, on site laundry, and pool

• Just off of Chapman Ave, walking distance to restaurants and grocery stores, including Starbucks and Stater Bros Market

• Less than a mile from the 55 freeway, connecting the Knolls to the greater Southern California region

• Located just 2 miles from Chapman University with 10,001 students and 2,000 staff

• Average Household income in a one-mile radius expected to rise 13% over the next 5 years

• Market asking rents will rise 1.5% over the next year

The grove senior apartments

12721 Garden Grove Blvd
Garden Grove, CA 92843
$19,850,000 - 85 Units

• The Seller was presented with an offer at 99.3% of the initial BOV within weeks

• Colliers knew there were buyers who could execute in this market despite the buyer pool rapidly changing

• The Seller is now able to move their money forward for another construction project

• Buyer overlooked deficiencies and closed with no re-trade in order to break into the OC market, one they have been wanting to expand into for some time

• Walking distance to Garden Grove Hospital, Starbucks, Haster Basin Park, and public transportation

• The property is minutes to some of the area’s major amenities such as the world-famous Disneyland and California Adventure theme parks, Angel Stadium, the Honda Center, the Outlets at Orange, and John Wayne Airport

• Only half a mile from the 22 freeway, 3 miles from the 5 freeway, 5 miles from the 57 freeway and within 10 miles of the 405 and 55 freeways

4655 W Maplewood

4655 W Maplewood Ave
Los Angeles, CA 90004
$5,950,000 - 12 Units

• Sold at list price during COVID-19 Pandemic with multiple competing offers

• All cash, 5 day due diligence for a quick year end close

• Condo quality units boasting lofts, hardwood doors, in-unit washerdryers and individual hot water heaters and ample parking

• Not controlled by the State of California ordinance which allows for 5% + CPI rent increases until August 2023

• Favorably positioned on the cusp of East Hollywood and Koreatown — considered one of Los Angeles’ hottest up and coming neighborhoods

• Located just 5 miles from the University of Southern California (USC) with 44,000 students and 28,873 staff that generate $8 billion annually in economic impact for Los Angeles County

154 S Spalding Ave

154 S Spalding Ave
Beverly Hills, CA 90212
$4,200,000 - 6 Units

• First time the property has been on the market in over 20 years

• Opportunity to acquire six units in prime Beverly Hills including four 1-Bedroom units and two expansive 2-Bedroom Townhome units

• Five of six units include central HVAC, full size stackable and vented washer & dryers, and boast front and rear entrances

• Large corner lot features favorable BHR4 zoning providing a strong backstop to property value and high future redevelopment potential

• Property offers 30.8% rental upside once tenants vacate and units are rented at market

• Less than a five-minute walk from the famed “Golden Triangle” shopping district in Beverly Hills

• Beverly Hills home values have risen 13.3% over the past year alone

910 S Grand View

910 S Grand View Street
Los Angeles, CA 90006
Sold For: $8,650,000 - 40 Units

• Newly renovated property in a gentrifying neighborhood at a 5.34 cap rate

• Priced below replacement cost at $288 per square foot, inclusive of a 10,837 sq ft vacant lot currently used for parking

• Over a 9% return on your investment at purchase

• Completely remodeled in 2019 including all copper plumbing, new electrical, new roof, new windows and new flooring

• Luxury designed units featuring modern kitchens with quartz countertops, hardwood floors, air conditioning, designer blinds, and high end stainless steel appliances

• Building amenities include on-site laundry, a large fitness center, a game room, a business center, storage, controlled access, and open parking

• C2 zoned parking lot with Tier 3 density bonus which allows 48 buildable units

821 3RD

821 3rd Street
Santa Monica, CA 90403
$15,650,000 - 27 Units

• Mid-century 27-unit apartment building on a large double lot that is available for the first time in 20 years

• Fully entitled with permits pulled and ARB approval for an extensive multi-million dollar exterior renovation including the facade, common areas, pool deck and landscaping

• Property will be delivered half vacant and primed for upgrades with the opportunity to raise rents on the remaining units as residents vacate

• 46.1% upside once the remodel is complete and all units are achieving market rents

• Potential to add further value by converting underutilized common area space into a resident gym and rooftop deck

• Highly-walkable location just steps from Montana Avenue, the city's premier shopping neighborhood with more than 150 retail establishments

• Within a quick 10-minute stroll to the beach, Third Street Promenade, Fairmont Miramar Hotel & Bungalows, Huntley Hotel, Jonathan Club, Annenberg Community Beach House and countless other world-class shopping, dining and entertainment options

• At the center of the Silicon Beach tech hub, home to Google, Snapchat, Twitter, Oracle, Hulu and many more

SOUTH FORK

4500 Running W Drive
Gillette, WY 82718
Sold For: Confidential - 336 Units

• Landmark 336-unit apartment community spanning 14 three-story buildings across 15.525 park-like acres

• Highest-quality project in Gillette boasting a full amenity package—including a pool/spa, fitness center, business center & clubhouse—which differentiates the property from most others in the market

• Currently, rents are currently 18.8% below market and existing expenses are 22% above market

• Diverse mix of one-, two- and three-bedroom units featuring well-arranged floor plans with a full kitchen appliance package, in-unit washers/dryers and private patios/balconies

• Gillette home values have gone up 6.7% over the past year and are expected to rise an additional 4.0% within the next year

• Easy access to the Interstate 90 and Highway 59, providing convenient commutes within the region

• Favorably adjacent to newer retail, schools, a regional recreation center and a community park and less than a 10-minute drive to lively Downtown Gillette

• Gillette, the “Energy Capital of the Nation,” is home to big industries & a rich supply of natural resources that make the city one of Wyoming’s leading economic contributors

• Wyoming does not have personal income tax, providing residents an incentive to live and work in the state

2136 Colby

2136 Colby Ave
Los Angeles, CA 90025
$3,525,00 - 14 Units

• The buyer won the property over 20 other bidders with a quick DD, no loan contingency and a large deposit released to the seller

• PSA signed and deal closed during the COVID-19 pandemic

• Property sold for 2.14% over list price at a 1.99% cap rate for $251,786 per unit, $371 per square-foot

• 14-unit low-rise, walk-up apartment building on a 10,454-square-foot lot comprised of studio, one- and two- bedroom layouts

• Highly-walkable location in West Los Angeles, one of the metro’s most stable and desirable multifamily neighborhoods

• Five-minute walk to Sawtelle Japantown, Santa Monica and Wilshire Boulevards’ abundant offerings of restaurants and nightlife

• Convenient proximity to the major employment hubs in Santa Monica, Venice, Culver City, Beverly Hills and Century City

• UCLA, the #2 public university in the nation with 45,000+ students and 48,500+ staff, is less than a 10-minute drive from the property

VILLAGE GREEN

2122 W Chestnut Street
San Bernardino, CA 92410
$20,600,000 - 184 Units

• Well-maintained 184-unit apartment community spanning 18.75 park-like acres

• Affordable housing asset under three regulatory agreements providing tax incentives and long-term stable income

• Well below replacement cost at $138/SF and $125,000/unit

• Secure, income-producing apartment property with 24.6% rental upside

• Re-syndication of tax credits available in October 2029

• Well positioned in the city of San Bernardino with excellent proximity to neighborhood amenities, employment and education

• Inland Empire has experienced the highest employment growth in the U.S. over the last five years

• Riverside-San Bernardino-Ontario metro has ranked as the 10th “American Dream City” and in the top 15 of “America’s Best Performing Cities”

• Major area employers Arrowhead Regional Medical Center, Amazon, Stater Bros. Markets and County of San Bernardino are located within a 15-minute drive

1137 12TH

1137 12th Street
Santa Monica, CA 90403
$4,650,000 - 11 Units

• Property sold for $422,727 per unit, $447 per square-foot

• 11-unit low-rise, walk-up apartment building on a 7,498-square-foot lot with the potential for 94.6% rental upside given currently below-market rents

• Opportunity to add notable value through strategic renovations to the unit interiors, common areas, facade and landscaping

• Amenities include covered parking, on-site laundry facilities with owned equipment, gated entry and security cameras

• Individually metered for electricity and master metered for hot water

• All seismic retrofit work is complete and substantially all of the plumbing has been repiped to copper

• Highly sought-after location in Santa Monica walking distance to countless neighborhood amenities on Wilshire Boulevard, the Third Street Promenade and Montana Avenue

• In the heart of the Silicon Beach employment hub with the average household income of $140,000+

• At the center of the Silicon Beach tech hub, home to Google, Snapchat, Twitter, Oracle, Hulu and many more

• Santa Monica-Malibu School District is one of the best in the State and the property's designated schools are highly acclaimed with 8-9/10 GreatSchools ratings

11422 IOWA 

11422 Iowa Avenue
Los Angeles, CA 90025
Sold For: $4,650,000 - 12 Units

• Buyer won the deal with a strong all-cash offer which included a 18-day
  close from Acceptance

• Property went from list to close in 41 days and sold for $387,500 per unit,
  $608 per square-foot

• 12-unit apartment building situated on a 8,946 square-foot lot comprised of efficiency units, one- and two-bedroom layouts and feature large units with exceptional lighting, ample closet space and storage near plumbing for easy installation of washer/dryer hookups

• Highly-walkable location in West Los Angeles, one of the metro’s most stable and desirable multifamily neighborhood

• Five-minute walk to Sawtelle Japantown, Santa Monica and Wilshire Boulevards’ abundant offerings of restaurants and nightlife

• Superior regional access provided by the 405 and 10 freeways is five-blocks east of the property

• Local farmers market takes place every Sunday just one-block away, at the corner of Santa Monica and Purdue

Maple & Charleville 

149-159 S Maple Drive & 9225 Charleville Boulevard
Beverly Hills, CA 90212
Sold For: $10,225,000 - 16 Buildable Units

• Buyer won the deal with a strong all-cash offer which included a 7-day DD and 34-day close from Acceptance in order to accommodate the Seller's 1031 Exchange

• Sold for $786,538 per unit, $640 per square-foot at a 2.11% cap rate on actuals

• Three adjacent parcels comprising a total of 13 units with the potential to build up to 16 luxury condos totaling a three-story/33-foot-tall, 33,144 square-foot building

• Rare 18,209-square-foot corner lot with 150 feet of frontage on South Maple Drive, 121.4 feet on Charleville Boulevard and rear alley access Favorably positioned in the heart of world-famous Beverly Hills, one of the most coveted real estate markets in the country

• Earning an impressive Walk Score of 90/100, the property’s location is rated as a “Walkers Paradise”

• Less than a five-minute walk to the Beverly Hills “Golden Triangle” and its abundant offering of renowned high-end shopping and dining

• Prominent area employers, including Google, Live Nation, United Talent Agency, MGM Studios, Fandango, APA Agency and Starz are all less than a mile away

Avenue 30 

2561 W Avenue 30
Los Angeles, CA 90065
Sold For: $2,050,000 - 10 Units

• Closed all cash at $253/SF and a 3.7% cap rate on actuals

• Went under contract with a strong offer that included a 7-day DD and 45-day close

• Stable income-producing apartment building with 85.6% upside given currently below-market rents

• Two units have been fully renovated with the opportunity to add further value through strategic upgrades to the remaining original units, common areas, facade and landscaping

• Amenities include gated covered parking, shared laundry facilities, wall HVAC, private balconies and patio/yard areas

• Favorably positioned in the up-and-coming Glassell Park neighborhood — proximate to Atwater Village, Frogtown, Glendale, Silver Lake, Los Feliz, Echo Park, Dodger Stadium, Griffith Park and Downtown LA

• Located on a quiet residential street adjacent to Eagle Rock Boulevard and Verdugo Road, which offer an array of restaurants, coffee shops and bars

• Within a 10-minute drive to Downtown LA, the region's central business district and primary economic contributor

• Location is rated as “very walkable” by Walk Score with most errands accomplishable by foot

The Gershwin Apartments 

5533 Hollywood Boulevard
Los Angeles, CA 90028
Sold For: Confidential - 172 Units

• Sold for $483 per square foot at a 3.8% cap rate on actuals

•  Buyer submitted a strong, all-cash offer with a $1 million deposit and closed 35 days after going under contract

• Well-preserved mixed-use property with a total of 172 units and 10,565 square feet of ground-floor retail space

• Substantial improvements were made to restore the property to its original splendor including all new state-of-the-art utility system upgrades and approximately $3 million in first-class renovations

• Buyer has the opportunity to add significant value through strategic renovations to the remaining original unit interiors, retail spaces and rooftop deck

• Potential for 32% in rental upside given currently below-market rents

• Property's C4-zoned surface parking lot may be developed into 40 additional units with a Tier 4 Transit Priority Area density bonus of 80%

• Situated on prominent Hollywood Boulevard within walking distance to ample amenities and surrounded by iconic Los Angeles destinations

• Pedestrian-friendly and transit-oriented area directly across the street from the Hollywood/Western Metro Red Line Station

• Superior access to the major employment and entertainment hubs of Hollywood, Universal City, Burbank, Glendale and Downtown Los Angeles

• Submarket asking rents grew by an average of 8.6% over the past three years and are forecasted to experience the highest growth rate in Los Angeles over the next five years

1306 Orange

1306 N Orange Drive
Los Angeles, CA 90028
Sold For: $8,750,000 - 12 Units

• Sold for $729,167 per unit and $587 per square foot at a 4.12% cap rate on actuals

•  Buyer submitted a strong list price offer that included a large deposit, 14-day due diligence and all-cash close in 30 days

• Brand new luxury apartment building not subject to rent control with an attractive unit mix and spacious layouts

• Contemporary design thoughtfully appointed with top-of-the-line fixtures and finishes

• Location is rated as a “Walker’s Paradise with a Walk Score of 94/100—half a mile from world-famous Hollywood Boulevard and the Metro Red Line

• 10-minute walk from notable area attractions including Hollywood & Highland Center, The Hollywood Roosevelt, El Capitan Theatre, The Magic Castle and many more

• Major area employers including Netflix, Sunset Bronson/Sunset Gower Studios, Technicolor and Viacom are all located within 1.5 miles of the property

• Average submarket rent grew by 8.6% over the past three years and is forecasted to experience the highest growth rate in the Los Angeles metro within the next five years

• Hollywood home values have gone up 8.7% over the past year and are predicted to rise another 11.9% in the next year

The Fusion Apartments 

855 S Harvard Boulevard
Los Angeles, CA 90005
Sold For: $10,925,000 - 32 Units

• Sold at a 3.92% cap rate on actuals from a strong offer that included a 10-day due diligence and large deposit released to the seller

• Non-rent-controlled, 32-unit apartment building with 37.5% affordable units under deed restrictions until 2038

• Located in the heart of Koreatown, considered one of LA’s hottest up-and-coming neighborhoods

• Opportunity to add significant value by completing strategic upgrades to the previously-renovated and original units, converting the underutilized outdoor space into resident amenities and generating income from the storage closets

• Boasting a Walk Score of 96/100, the property is within a 10-minute walk to the Metro Purple Line, The Wiltern, Taylor’s Steakhouse, Oo-Kook Korean BBQ, The LINE Hotel and many more

• Adjacent to Wilshire Center, 2.5 miles from Downtown Los Angeles and 3 miles from USC (45,500+ students and 27,430+ staff)

• In efforts to revitalize Koreatown, $2.1 billion has been invested in the neighborhood since 2000 and another $3.8 billion in development projects are currently under construction or proposed

725 ALfred 

725 N Alfred Street
Los Angeles, CA 90069
Sold For: $11,435,000 - 18 Units

• Sold all cash at a 2.70% cap rate on actuals

• Went under contract within the first two weeks, with nine offers at or above list price

• Non-rent-controlled 18-unit apartment complex with center courtyard on a large 13,500-square-foot double lot that offered 55.9% in rental upside

• Privately owned by the original developers and on the market for the first time since the property was built nearly 30 years ago

• Opportunity to add significant value through strategic renovations to the original unit interiors and common areas

• Potential to convert ~1,460 square feet of currently unutilized community space into resident amenities, storage or affordable units

• Strategically adjacent to Melrose Place in West Hollywood, which features prominent luxury retailers paying some of the highest rental rates in Los Angeles

• Highly-walkable location just steps to neighborhood amenities including Alfred Coffee, Fig & Olive, Urth Caffé, E.P. & L.P., Lucques, The Nice Guy and many more

• Average household income is $124,972 within three miles

• Asking rents in the submarket grew by an average of 5.9% over the past three years and are expected to have the second highest growth rate in the metro in the next five years

• Submarket occupancy averaged 97.1% over the past five years and is expected to average a five-year rate of 96.9%

25th Street Flats 

2177 W 25th Street
Los Angeles, CA
Sold For: $1,800,000 - 11 Units

• Sold for list price at a 3.95% cap rate

• Received multiple all-cash offers within the first three days on the market and the winning offer included a $100,000 non-refundable deposit upfront and no loan contingency

• 11-unit apartment building with 62% rental upside and value-add potential

• Within a five-minute drive from Downtown Los Angeles, Exposition Park, Koreatown and the Metro Expo/Western Station

• Nearby Metro Crenshaw/LAX Line is currently under construction with completion expected in 2019

• University of Southern California, with 45,500 students and 20,000+ staff, is located two miles away

• Asking rents in the Mid-City/West Adams submarket grew by an average of 7.0% in 2017

• Submarket occupancy averaged 97.5% over the past five years

• Employee base of 651,700 within five miles of the property

• Jefferson Park home values have gone up 7.2% over the past year

1140 Venice 

1140 Venice Boulevard
Venice, CA
Sold For: $14,000,000 - 40 Units

• Sold all cash for $14 million at a 3.15% cap rate and $461 per SF

• Buyer submitted a strong offer with a $1 million deposit upfront, 1-day DD and 36-day close

• First time on the market in nearly 30 years

• Well-maintained 40-unit apartment building situated on a large 18,435-square-foot lot that is not subject to rent control and offers the potential for 32% in rental upside

• Given that the property is in mostly original condition, the opportunity is available to add value and capture top-of-market rents through strategic renovations to the unit interiors (i.e. fixtures, countertops, flooring, appliances) and common areas

• Favorably located in highly sought-after Venice, the property is positioned just 0.7 miles from Abbot Kinney, 1.3 miles from the Venice Canals and 1.4 miles from world-famous Venice Beach and Boardwalk

• At the center of the Silicon Beach creative tech hub, which is home to notable area employers Google, Snapchat, Twitter and many more

• Submarket asking rents grew by an average of 7.0% in the past three years

• Occupancy in the submarket averaged 94.8% over the past five years

• Average household income within one mile of the property is $142,209

• Employee base of 289,869 within a five-mile radius of the property

• Venice home values have gone up 9.8% over the past year

Laurel Pointe Apartments 

13607 Cordary Avenue
Hawthorne, CA
Sold For: Confidential - 115 Units

• Non-contingent, all-cash offer with a $1 million non-refundable deposit released upfront and a 30-day close

• Buyer acquired a 43% LTV CMBS loan with above-market rate terms

• Non-rent-controlled 115-unit apartment community on a large 62,407 SF lot with the potential for 22% in rental upside

• Opportunity to add value through strategic renovations to the unit interiors (i.e. fixtures, countertops, flooring, appliances) and second-level upgrades to the common areas

• Positioned 2 miles from SpaceX, 3 miles from the future NFL stadium, 5 miles from the beach and 6 miles from LAX

• Abutting the desirable coastal communities of the South Bay and Silicon Beach, Hawthorne offers proximity to major employment hubs and the beach while providing affordable livability in a neighborhood that is on a continuing path of progress

• Hawthorne ranks first out of Los Angeles metro's 37 submarkets for the highest occupancy rate, which averaged 98.8% over the past three years

• Hawthorne home values rose 9.6% over the past year

• Submarket asking rents grew by an average of 5.7% over the past three years

• Average household income within a five-mile radius of the property is $91,960

Los Feliz Club

1800 N New Hampshire Avenue
Los Angeles, CA
Sold For: Confidential - 134 units

• Sold for all cash offer with hard money upfront and a quick close

• Making its market debut, the property was sold by the original developers for the first time since it was built more than 30 years ago

• Property is not subject to rent control and offered the potential for ±28% in rental upside given rents that are currently below market

• Through strategic renovations to the original unit interiors, common areas and resident services, the new owner has the ability to add significant value and capture top-of-market rents

• Unique community amenities include an indoor pool and spa with solarium roof, a fitness center, multiple courtyards and two rooftop sundecks that are prime for upgrades

• Upper units and rooftop decks enjoy unobstructed views of the Griffith Observatory, Hollywood Sign and Pacific Ocean

• Surrounded by iconic LA destinations including the historic Hollyhock House at Barnsdall Art Park, Greek Theatre, Hollywood Sign and Griffith Observatory

• Los Feliz home values rose 10.5% over the past year

• Submarket asking rents are forecasted to experience the highest growth rate in Los Angeles over the next five years

Capri Villa Apartments

834 4th Street
Santa Monica, CA
Sold For: $17,500,000 - 32 units

• Large hard money deposit released after 10-day due diligence with no loan contingency and quick close from an out-of-state buyer

• Sold at a 3.16% cap rate for nearly $550,000 per unit

• Well-maintained 32-unit apartment building on a 15,275-square-foot double lot with 55.4% upside potential

• Opportunity for the buyer to add value and capture top-of-market rents with strategic renovations to units and common areas

• Favorably positioned in coastal Santa Monica within a 10-minute walk to the beach and world-class shopping, dining and entertainment on Montana Avenue and the 3rd Street Promenade

• Santa Monica asking rents grew by an average of 9.2% in 2017, the 3rd highest rate in the Los Angeles metro

24 TOPSAIL

24 Topsail Street
Marina Del Rey, CA
Sold For: $2,300,000

• Closed over list price with an all-cash, non-contingent offer and two options to extend

• Rare opportunity for townhome development, value-add investment or owner/user occupancy on 3,383 SF of beachside land

• Just steps from world-famous Venice Beach and Ballona Lagoon

• Single-family ownership and first time of the market since 1965

• Opportunity to build two townhome units with up to seven guest rooms and a maximum building height of 45 feet

• Current use of the property is a well-maintained 3,428 SF residential triplex with value-add potential and 32% rental upside

870 MORAGA

862-870 Moraga Drive
Los Angeles, CA
Sold For: $4,119,375 - 14 Buildable Units

• Multifamily development opportunity in sought-after Bel Air, where no new supply is scheduled

• Proposed 14-unit luxury apartment building on a flat 11,316 SF lot with views of the Getty Center

• Entitlements were completed with approved additional building height and plans filed for building permits

• Project was grandfathered from AB 2222 housing density bonus

• Plans were filed for plan check in 2016, avoiding new city fees

• Bel Air is an ultra-premium location with top schools and an average household income of $233,725 within a 1-mile radius of the property

THE WEHO 28

1008-1020 N Ogden Drive & 1013 Genesee Avenue
West Hollywood, CA
Sold For: $7,300,000 - 28 Buildable Units

• Sold for $280 per square foot and $1.825 million per lot, a market-high price for development land in West Hollywood

• All four parcels were fully entitled and approved for condominium units to be offered for rent or sale

• More than 40,000 SF of building planned on a 26,000+ SF lot

• Well-thought-out plans were designed to create best-in-market luxury condominiums

• Delivered with fully-vacant buildings and one shovel-ready lot

• Plan approvals received "grandfathered" status, avoiding re-entitlement work to comply with new zoning laws

• Property's pedestrian-friendly location in the heart of West Hollywood is designated as a "Walker's Paradise" with a Walk Score of 96/100

• Average submarket rent grew 5.1% over the past year

• Within a 3-mile radius, average household income is $102,813

3rd Street Apartments

1015 3rd Street
Santa Monica, CA
Sold For: $12,450,000 - 25 Units

• Well-maintained garden-style apartment building that sits on a large 18,766 SF double lot

• Favorably positioned in coastal Santa Monica, just a 5-minute walk to the beach and world-class shopping and dining on the Third Street Promenade and Montana Avenue

• Unit mix of one (1) junior 1 bedroom/1 bath and twenty-four (24) 1 bedroom/1 bath apartments

• Potential for 25% in rental upside

• Several units have been renovated with hardwood floors, granite countertops, stainless steel kitchen appliances, abundant windows and newly-tiled bathrooms

• Opportunity to add value through strategic second-level renovations to units and common areas

Nob Hill Towers

2430 Ocean View Avenue
Los Angeles, CA
Sold For: $12,600,000 - 52 Units

• 52-unit Art Deco apartment building on a large 13,939-square-foot double lot in the rapidly-gentrifying Westlake neighborhood

• Impressive views of Downtown Los Angeles, Griffith Park, and the Hollywood Sign

• Extraordinarily large units featuring high ceilings, formal dining and living rooms, hardwood floors, classic tile and ornate fireplaces

• Potential for 27% rental upside with well-below market rents averaging $1.79 per square foot

• Value-add opportunity with the buyer pledging to spend nearly $1 million on renovations

• “Walker’s Paradise” score of 94 out of 100 on WalkScore.com.

• There are over 580,500 jobs within a 5-mile radius of the property

• Submarket asking rent growth in 2015 was 4.6%

Santa Monica Development Land

2403-2409 Centinela Avenue
Santa Monica, CA

Sold For: $5,000,000

• 32,750 SF of developable multifamily land

• Up-zoned to SMR2 and SMR2-C2 allowing for a “by right” development

• Potential to build an unlimited number of units with a 38-foot building height restriction

• Excellent Santa Monica location off of Pico Boulevard with convenient access to Interstate 10

• Walking distance to the new Metro-Expo line at Exposition and Bundy

• 3 miles from the famous Third Street Promenade and Santa Monica Pier

• Average household income within a 5-mile radius of the property is $114,925

Yamashiro Hollywood

1999 N Sycamore Avenue
Hollywood, CA
Sold For: $38,000,000

• 7-acre estate situated on a private bluff atop Franklin Avenue in the Hollywood Hills

• The estate comprises the Yamashiro Restaurant Building, the Hollywood Hills Hotel and Apartments and three ancillary structures totaling 60,295 net rentable SF

• Existing structures were built between 1914 and 1955

• Expansive 360-degree views spanning from Downtown Los Angeles to the Santa Monica coast

• The site is a well-known, historic landmark that was been privately held by previous ownership for the last 66 years

• One of the largest contiguous parcels in Hollywood, the estate has significant untapped development potential through under-utilized development rights, an abundance of vacant land and the redevelopment and enhancement of the site’s key existing structures

• Hollywood is in the midst of an ongoing grand revitalization with more than $3 billion in public and private capital being invested in developments throughout the market

Pico Gateway Apartments

8525 W Pico Boulevard
Los Angeles, CA

• 39 total units and 3 retail spaces situated on a 0.37 acre lot

• 2010 mixed-use construction with no rent control

• Luxurious high-end interior finishes with upscale amenities allowing opportunity for a condo conversion

• Kosher friendly building featuring Quartz countertops, custom European cabinetry, GE stainless steel appliances and Fisher & Paykel dish drawers

• Individually metering for gas, electric, and hot/cold water

• Two blocks from Beverly Hills

• Transit oriented site

• Over 650,000 employees within a 5-mile radius

• The average single family home sale within one mile is $1,152,194

615 Ocean Avenue

615 Ocean Avenue
Santa Monica, CA

• Property was a court ordered sale

• First-class Santa Monica location with unobstructed views of the Pacific Ocean

• Walking distance to Palisades Park and the Santa Monica Beach only a few minutes away

• Average rents in Santa Monica are 71% higher than the Los Angeles average

• Average household income in Santa Monica is $92,936 (which is more than $20,000 over the national average)

• Highly educated population – 65% of the population ages 25+ has a Bachelor’s Degree

• The median home value in Santa Monica is $1,188,500

Stoney Brook Apartments

502 S Winery Avenue
4909 E Balch Avenue
Fresno, CA
Sold For: $19,950,000 - 390 Units

• 384,568 SF

• 390-unit multifamily complex on over 17 acres in Fresno

• All large 2-bedroom apartments within a garden-style community

• Non-rent control property with 95% occupancy and 25% rental upside

• Excellent amenity package including three swimming pools with 606 parking spaces on site

• Great location one mile from the 180 freeway and walking distance to the Kings Canyon Pavilions Shopping Center

• Situated within a 5 mile radius of 150,000+ jobs in Fresno

• Fresno market occupancy rate of 96.3%

Avalon Apartments

1248 W Adams Boulevard
Los Angeles, CA
Sold For: $6,950,000 - 15 Units

• 24,771 SF

• 72-bed 2002 construction non-rent controlled apartment building serving the student population at USC

• Two- and three-bedroom apartments that have been well maintained

• Excellent value-add opportunity through strategic upgrades

• Fully leased for 2014-2015 academic year - 100% occupied for the last 10 years

• Great location north of USC Campus and on south side of Adams Boulevard

• Ten minute walk to the center of the USC Campus and just over a mile to the Expo/USC Metro Expo Line Station

• Transit oriented site within 3 miles of nearly 325,000 jobs

Affordable Housing Portfolio

4 Properties
Los Angeles, CA
Sold For: $26,950,000 - 165 Units

• 173,359 SF

• 165 total units on more than 7 acres

• All properties are 100% occupied

• Affordable projects under project-based Section 8 HAP Contracts providing long-term stable income

• Properties are in good condition with excellent upkeep

• Adjacent to public transportation options and major freeways providing easy access throughout the City

1171 franklin

1171 Franklin Street
Santa Monica, CA
Sold For: $6,750,000 - 6 Units

• 9,138 SF

• 2015 construction vacant townhomes

• Sold in bulk for rent or sale

• Two and three bedroom layouts ranging from 1,423 to 1,618 SF

• Each unit features walk-in closets, a jet bathtub in the master suite, stainless steel appliances, central HVAC, and access to a private roof deck

• North of Wilshire Boulevard with "Very Walkable" WalkScore of 81 out of 100

• Assigned elementary and middle schools are ranked 10 out of 10

Ashmont ApartmentS

908 S Hobart Boulevard
Los Angeles, CA
Sold For: $9,650,000 - 50 Units

• First time on the market in over 62 years

• Value-add opportunity with 59.5% rental upside

• 50 well-maintained studios and one-bedroom units with breakfast nooks and walk-in closets

• Spacious basement with laundry room and extra storage

• Rare 9,029 SF open parking lot with separate APN consisting of 33 parking spaces with the potential to develop up to 22 units

• Excellent Koreatown location, two blocks north of Olympic and 3 blocks east of Western