* 100% leased to the County of Los Angeles through June 2035. AAA Credit Tenancy – As of 2024, the S&P Global Ratings holds an AAA long-term rating for Los Angeles County, the firm’s highest possible credit rating.
* The Property boasts a 91 “Walk Score” and is located in the vibrant Hollywood neighborhood, with easy access to amenities and public transportation.
* Recently renovated by current ownership, including enclosed ground floor courtyard and outdoor balcony for use by Tenant.
* Over $8 million in tenant improvements invested in the Property, enhancing the space’s value and functionality.
* $6 million in depreciation available in first 3 years—maximize after-tax cash flow with cost segregation strategies.
* Occupied by LA County’s Department of Mental Health servicing “Metro L.A.” (Area 4) residents, which encompasses 1,167,286 people between West Hollywood to Boyle Heights (West to East) and West Adams to Eagle Rock (South to North).