Apartments For Sale • 237,212 SF
| Fully amenitized community at material discount to replacement cost |
| Blocks from Hollywood's Vinyl District surround by an eclectic mix of boutique hotels, acclaimed restaurants, and vibrant nightlife |
| Benefited from over $17.6 million in capital improvements (majority within the past 10 years), materially reducing future capital requirements |
| Attainable average in-place monthly rent of ~$1,900 is nearly $1,300 below average rents at recently built apartment communities in Hollywood |
| Offers ~$500,000 in annual revenue upside through upgrading remaining classic units, targeted amenity enhancements, and rent optimization |
| Reflective of Hollywood’s compelling supply and demand fundamentals, Moody’s projects average annual rent growth of 3.68% over the next decade |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale Amtrak (Pacific Surfliner - Amtrak) | 10 min | - | 5.4 mi |
| Glendale Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains, Metrolink Ventura County Line - Metrolink Trains) | 10 min | - | 5.5 mi |
| Transit/Subway | Drive | Walk | Distance |
| Hollywood/Vine Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 7 min | 0.4 mi |
| Hollywood/Highland Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 10 min | 0.5 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 16 min | - | 8.5 mi |
| Los Angeles International | 28 min | - | 13.9 mi |
| Long Beach (Daugherty Field) | 40 min | - | 29.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 415 |
| Type: | Covered |
| Included in Rent: | Yes |