1306 Orange

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


  • Brand new luxury apartment building in the heart of Hollywood featuring modern interiors thoughtfully appointed with top-of-the-line fixtures and finishes

  • Rated as a “Walker’s Paradise with a Walk Score of 94/100 and half a mile from the Hollywood/Highland Station of 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

  • Submarket occupancy averaged 96.4% over the past 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

 

 
 

241 Marine 

241 Marine Street
Santa Monica, CA 90405
$3,850,000 - 10 Units


  • Charming craftsman-style property with 38.8% upside in world-renowned Santa Monica—one of the most sought-after multifamily rental markets in California

  • Unbeatable location within a five-minute walk to the beach and a plethora of trendy shops, eateries and bars on Main Street, Rose Avenue and Ocean Park Boulevard

  • Opportunity to add substantial value with strategic upgrades to the five remaining non-renovated

    units, common areas and large, underutilized communal patio

  • Unique mix of studio, one- and two-bedroom units, many with private patios, wrap-around porches, floor-to-ceiling windows and ocean views

  • Competitive 4.47% cap rate on actuals with a 6.85% cap rate at market

  • In the heart of Silicon Beach, home to notable employers including Google and Snapchat

  • Santa Monica asking rents grew by an average of 9.2% in 2017 alone, among the highest growth rates in the Los Angeles metro

  • Average household income is $133,424 within a five-mile radius of the property

 

 
 

The Fusion Apartments 

855 S Harvard Boulevard
Los Angeles, CA 90005
$11,500,000 - 32 Units


  • Non-rent-controlled apartment building with a diverse unit mix and subterranean parking in the heart of Koreatown—considered one of Los Angeles’ 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)

  • Asking rents in the submarket grew by an average of 6.3% in 2017 alone

  • 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

  • Employment base of 630,909 within five-mile radius of the property

 

 
 

725 ALfred 

725 N Alfred Street
Los Angeles, CA 90069
$11,300,000 - 18 Units


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

  • Privately owned by the original developers and on the market for the first time since the property was built almost 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%

 

 
 

Vinton House Apartments 

3750 Vinton Avenue
Los Angeles, CA
$9,750,000 - 20 Units


  • Opportunity to acquire a turnkey 20-unit apartment building in Palms that is not subject to rent control with a cap rate north of 4.6% on actuals and upside potential

  • More than $1.3 million outlaid in 2016 for the total rehab of all units and common areas with top-of-the-line fixtures and finishes

  • Property is a 10-minute walk to Downtown Culver City and the Metro Expo Line—Los Angeles County's second busiest rail service

  • Location is rated as a "Walker's Paradise" with a Walk Score of 93 out of 100

  • Palms home values have risen 21.4% over the past year

  • Submarket asking rents grew by an average of 7.5% while occupancy averaged 97.8% over the past three years

  • Average household income within a three-mile radius is $116,926

  • Employee base of 457,854 within five miles of the property


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The lake District 

3536 Canada Road
Lakeland, TN
$32,000,000 - JV Equity Opportunity


  • Opportunity to invest int he development of the Lake District, a premier mixed-use development project on 165 acres centered around a sparkling 10-acre lake

  • Located just outside of Memphis, Tennessee, in the affluent suburb of Lakeland

  • Project incorporates five distinct product types to be constructed in three phases, including retail, multifamily, single-family residential, office, and hospitality

  • Each phase is designed to create a cohesive modern village with urban amenities and a vibrant neighborhood feel

  • Already has tremendous interest in the project from a variety of local and national retailers, hotel operators, office developers and individuals in the greater Memphis community

  • 2 hotels, 240 single family homes, 390 apartments over retail, 168 apartments age restricted, 15 commercial outparcels, 286K SF retail/restaurant, 38,000 SF movie theater, 60,000 SF office space


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The Gershwin Apartments 

5533 Hollywood Boulevard
Los Angeles, CA 90028
Unpriced - 172 Units


  • Well-maintained property with 163 apartment units, nine adjacent bungalows and 10,565 square feet of community-serving retail space on the ground floor

  • Potential for 27% in rental upside with the opportunity to add value and capture top-of-market rents with strategic renovations to the remaining 55 units and seven bungalows

  • Entitlements secured for a future rooftop deck that will boast panoramic views of the Hollywood Sign, Griffith Park and Downtown Los Angeles

  • 46-space surface parking lot zoned C4 has the potential to build up to 78 units with a Tier 4 Transit Priority Area density bonus of 80%

  • Substantial improvements have been made to restore the property to its original splendor including all new state-of-the-art utility system upgrades and approximately $3 million outlaid since 2015 in first-class renovations to the units and common areas

  • Situated on prominent Hollywood Boulevard, 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

  • 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


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The Ashby 

808 S. Hobart Boulevard
Los Angeles, CA
$15,000,000 - 49 Units


  • Art-Deco apartment building in prime Koreatown housing spacious units with lofty 10-foot ceilings that offers 20.7% in rental upside

  • Mills Act allows for a reduction of property taxes by approximately 50%

  • Opportunity to add value with strategic renovations to the remaining original units as well as develop the property’s 6,459 SF surface parking lot into 16 additional apartment units or retail

  • Amenities include laundry facilities; onsite property management; ornately-designed community rooms with a TV, pool table and lounge areas; and outdoor activity space featuring a putting green, bocce ball court and BBQs

  • Koreatown is rated the fourth most walkable neighborhood in Los Angeles with a Walk Score of 91/100 and has the highest concentration of restaurants and nightclubs in Southern California

  • Average submarket asking rents 6.3% in 2017

  • Submarket occupancy averaged 96.0% over the past five years


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Santa Monica Portfolio 

2805 3rd Street Promenade
Santa Monica, CA
$5,950,000 - 8 Buildable Units


  • Trophy multifamily development opportunity mid-construction and approved for 8 units just steps from Main Street, one of the most coveted locations in Santa Monica

  • Option to complete construction and hold as an income property, sell for a profit and/or occupy one of the units as an owner/user

  • All Architectural Review Board and City planning approvals/stamps obtained for the entire project

  • 5-minute walk to the beach and an eclectic menu of shopping, dining and nightlife on Main Street, Rose Avenue and Ocean Park Boulevard

  • Within 1.5 miles of assigned K-12 schools, Santa Monica Pier, 3rd Street Promenade, Whole Foods, Abbot Kinney, Google, Snapchat and Santa Monica College

  • Contemporary state-of-the-art design will feature an expansive ~2,000 SF rooftop deck, sweeping ocean views, private step-out balconies, creative dought-tolerant landscaping and dedicated tandem parking

  • Anticipated apartment building will house a mix of loft-style units in 6 two-bedroom and 2 three-bedroom floor plans

  • Designed by award-winning architect, Margaret Griffin of Griffin Enright Architects


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Hollywood Development Land

1728 Wilcox Avenue
Los Angeles, CA
$6,000,000 - 68-87 Buildable Units


  • Rare opportunity for an infill housing development or value-add investment on 20,595 SF of Hollywood real estate

  • Potential to build up to 68 or 87 units with a density bonus

  • Specific plan allows a 2:1 FAR, though obtaining a variance will allow for an increased FAR of 3:1

  • Just off the corner of world-famous Hollywood Boulevard

  • Within a transit priority area, half a mile from two Metro Red Line Stations

  • Current use is a low-rise garden-style apartment building with the potential for 28% in rental upside

  • With existing property use, there is opportunity to add value through strategic renovations to units and common areas


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