In-place rents are significantly below market. The Property has substantial potential to increase the revenue by renovating the units as they become vacant. Excellent West Los Angeles location between Westwood and Beverly Hills, just south of Wilshire Boulevard’s “Golden Mile” In addition to the opportunity to increase rents, the Property’s ±15,103 square foot (0.35 acre) parcel size also presents a redevelopment opportunity with the potential to build up to 26 units.