The Neema Group of Marcus & Millichap is pleased to exclusively offer for sale the Los Angeles Multifamily Portfolio, a five-property investment opportunity in Los Angeles, California. The offering is being marketed as a portfolio; however, an investor could purchase one or more buildings individually.
Each building is unique and located in a different submarket of Los Angeles including Koreatown, Pico-Robertson, Downtown, Miracle Mile and West Hollywood.
PORTFOLIO INCLUDES ART DECO-STYLE ARCHITECTURE, MILLS ACT TAX BREAKS, AND LUXURY EXEMPTION FROM THE RENT STABILIZATION ORDINANCE
425 S. Detroit Street, a 100% vacant luxury apartment building built in 1928, has a luxury exemption from the City of Los Angeles’ Rent Stabilization Ordinance.
1354 Harper Avenue, named Casa Real, is a Mediterranean Revival-style apartment building constructed in 1930. The asset has been designated a Historic Landmark, placed on the Local Register of Historic Properties and granted Mills Act tax breaks by the City of West Hollywood.
808 S. Hobart Boulevard, named Ashby Apartments, is a five-story landmark property featuring Art Deco-style architecture.
1480 S. Canfield offers an investor the opportunity to purchase a trophy asset with little deferred maintenance required and additional upside in rents.
916 Georgia, currently 32 apartment units, is located steps from LA’s premier nightlife destinations such as LA Live and Staples Center, positioning this as an ideal opportunity for a developer to collect cash flow while planning for redevelopment.