The subject property is an RTI Development Opportunity located in the prime Los Feliz submarket of Los Angeles. Ideally situated on New Hampshire Avenue, just south of Franklin Avenue and north of Hollywood Boulevard, this non-rent-controlled project will boast a mix of 4 studios + one bath, 9 one bed + one bath, and 8 two bed + two bath homes with parking on grade. Once completed, these luxury units will command some of the highest rents in Los Angeles, located on a quiet street just outside the hub of entertainment and restaurants. No need for a car here, you are walking distance to supermarkets, coffee shops, trendy restaurants, the Metro Subway Station and more. Your tenants will enjoy having access to everything at their fingertips, which can make for a stable rental property that the tenants can call home for a long time to come.
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