Address 700 N. San Vicente Blvd., Suite G460 West Hollywood, CA 90069
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Forty6Twenty

Culver City, CA

Forty6Twenty is located in the booming Culver City submarket of Los Angeles. This 28 unit asset was purchased in September 2015 for $6,800,000, with an additional $800,000 allocated towards extensive interior renovations and exterior improvements. Renovations include a completely new kitchen, wood plank flooring, and tech-friendly amenities such as Nest thermostats. The property went through a year 2 cash-out refinance with a valuation of approximately $10MM, returning approximately 50% of equity back to investors in November 2015.

  • No. of Units: 28
  • Acquisition Date: September 2014
  • Acquisition Price: $6,800,000
  • Total Cost Basis: $7,418,379
  • Valuation as of 11/17/2015: $10,000,000
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