Description

This newly constructed 33-unit apartment complex presents a prime investment opportunity in East Hollywood's high-demand rental market. Designed with modern finishes and high-quality construction, the property requires no deferred maintenance, making it a true turn-key asset. With a desirable unit mix of 23 two-bedroom, two-bath units and 10 one-bedroom, one-bath units, the spacious floor plans cater to a diverse tenant base, from young professionals to small families. Additionally, the secure, gated entry and subterranean garage with 33 parking spaces including single and tandem spots, as well as three EV chargers provide convenience and peace of mind for today's car-reliant renters. Enhancing its appeal, the building features a rooftop deck with panoramic views of the Los Angeles skyline, offering tenants a relaxing space for leisure and entertainment. An on-site fitness center adds further convenience, allowing residents to maintain an active lifestyle without leaving home. As a brand-new development, this property eliminates the need for costly renovations and is well-positioned for strong rent potential, benefiting from East Hollywood's rising rental rates and increasing demand for contemporary living spaces.