Offering

Offering Overview

A seven-unit apartment property in East Hollywood. Three three-story duplexes were completed in 2020, and an accessory dwelling unit followed in 2022. The mix is four three bedroom townhome plans, two two bedroom units and a studio, 6,398 square feet of living area on a 7,507 square foot R3-1 lot. The six duplex residences are separately metered, and carports sit under the center and rear buildings.

1. 01

   9% rental upside at market. Scheduled rent of $250,176 grows to $271,800 at market rents.

2. 02

   Three bedroom leases near $3,800. Unit 635 is leased at $3,806 and unit 637 1/2 at $3,707 per the September 2, 2026 rent roll.

3. 03

   Separately metered residences. Each duplex residence has its own water, gas and electric meters, and tenants pay their utilities directly.

4. 04

   Transit Oriented Communities Tier 2. ZIMAS places the R3-1 lot within half a mile of a major transit stop.

5. 05

   Completed in 2020. Three three-story Type V-B duplexes, Certificates of Occupancy issued May 25, 2020.

6. 06

   Accessory dwelling unit added. A fire sprinklered studio with its own Certificate of Occupancy, issued December 8, 2022.

7. 07

   Three bedroom townhome plans. Four of the seven residences are three bedroom plans of 1,104 to 1,209 square feet.

8. 08

   In-unit laundry. Every residence has its own in-unit laundry.