Address 700 N. San Vicente Blvd., Suite G460 West Hollywood, CA 90069
Contact +1 323 330-6150 contact@trion-properties.com

The Eleanor Apartments

Los Angeles, CA

Acquired by Trion Properties in August 2013, this 41 unit, 1920s ‘bricker’ located in the Westlake/Macarthur Park area was completely vacant and heavily distressed at acquisition. The building was purchased for $1.6MM, with an additional $1.75MM allocated to extensive rehab and renovations. These renovations consisted of completely modern interiors, as well as a tasteful 1920s themed exterior that complements the vintage of the property, appealing to the demographic of the area. As a result, the property went through a year 3 cash-out refinance with a valuation of approximately $9M and over 3x equity multiple, as the property continues to achieve the highest rent/SF in the Westlake/Macarthur Park neighborhood for a property of its vintage.

  • No. of Units: 41
  • Acquisition Date: August 2013
  • Acquisition Price: $1,600,000
  • Total Cost Basis: $3,350,000
  • Valuation as of 3/1/2016: $9,050,000
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