• Well-maintained 36-unit property not subject to the City of Los Angeles Rent Control • Competitively priced below replacement cost at $359,722 per unit and $358 per square foot with an in-place cap rate of 5.34% and 7.47% pro forma cap rate with 23.53% upside • Arranged in a mix of (3) one-bedroom and one-bathroom lofts, (1) two-bedroom and one-bathroom, and (32) two-bedroom and two-bathroom floor plans, the tastefully designed units feature hardwood style flooring and living room fireplaces • Six luxury units and 23 partially renovated units feature upgrades including fully renovated kitchens, bathrooms, and SPC flooring, with select units offering vaulted ceilings and/or oversized terraces • Residents enjoy a variety of community amenities, including 66 covered parking spaces, controlled access gated entry, a fitness center, onsite laundry facilities, and EV charging • Opportunity for investor to increase value with addition of nine Accessory Dwelling Units (ADUs) • The Property is labeled a “Walker’s Paradise” with a score of 95; residents benefit from walkability to Santa Monica, Sunset, and Hollywood Boulevards, all located within a mile of the property and filled with upscale dining, hotels, and nightlife • Submarket asking rents expected to rise 24.66% over the next five years • Submarket occupancy averaged 94.4% over the past five years