28-unit development in gentrifying Culver City/Westside Area of Los Angeles that has experienced rapid growth over the past several years. The modern 4-story building will be comprised of 26, one- and two- bedroom market rate units and 2 affordable units. The property is 1.5 miles away from LA’s “Silicon Beach” job center.
Acquisition Date April 1, 2016
Acquisition Price $2,610,500
Total Capitalization $11,800,000