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


  • 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/SF 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


 
  • The property has 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 27% rental upside with well-below market rents averaging $1.79/SF
  • 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
  •  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
  • The 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 occupancyrate 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


  • 32,340 SF
  • 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