Multifamily Investment Opportunity in Hollywood Hills, California
Introducing a prime investment opportunity in Hollywood Hills, California with beautiful Lobby and Amenities. Purchase below replacement cost. Very tight market with high demand. 2024 Certificate of Occupancy.
- Purchase below Replacement Cost in a very tight market with high demand
- $46.7m appraised valuation in January 2025, with a $34.5m asking price
- Projected Annual ROI of 21%
- Equity Required $13.0M
- Sponsor activities include asset and property management including renovation and lease up management for newly acquired assets
- Sponsor with strong track record in capital formation for new real estate investments and asset management for over 150 investorss
- Sponsor acted as Chairman of the Board of Directors for a Bank where he also served as the Chairman of the Audit Committee
- Developer/Sponsor committing $1m equity