9337 National Boulevard

Description

**Partially Renovated Multifamily Investment Opportunity* 9 Unit multifamily community centrally located in West LA * Eight out of nine units have been fully renovated, including in unit washers and dryers and new plumbing and electrical* Modern units feature spacious living rooms, hardwood floors, recessed lighting, large closets with built-in shelving, stainless steel appliances, and in-unit washer and dryers* Opportunity to achieve over 9.5% rental upside by completing upgrades* Residents benefit from onsite, gated parking and secure entrances**Strong Multifamily Fundamentals* Submarket asking rents expected to rise 27% over the next two years* Employment population of 662,066 within a five-mile radius* Submarket occupancy averaged 96.92% over the past five years* The average household income within a three-mile radius is $124,510* Los Angeles's job market will increase by 34.6% over next ten years* Within a three-mile radius of the property, the population is projected to grow 2.2% from 311,671 to 318,648 over the next five years.** Location Overview**9337 National is situated on the border of Palms and Cheviot Hills at the heart of West Los Angeles. The picturesque neighborhood offers residents easy access to surrounding urban areas, including Culver City, Beverly Hills, and Century City. * Just over half a mile from Downtown Culver City, home to numerous shopping, dining, and nightlife amenities* Recent Culver City developments including Culver Steps, Platform, and One Culver are a 15 minute walk away* Convenient access to major employers including Sony Pictures, Apple, Google, and Fox Studios* Conveniently proximate to public transit via the Palms metro Stop located 0.6 miles from the property **Palms, a tiny but proud neighborhood in West Los Angeles, is a haven of residential tranquility located just beyond the lively streets of downtown Culver City. Geographically recognized as a halfway point between downtown Los Angeles and the ocean, the almost suburban feel of the densely populated bedroom community has long lured families and artistic Angelinos alike to its charming vicinity. Abutting Palms, Culver City is a community steeped in moviemaking history with an animated restaurant and nightlife scene, as well as a vibrant arts community. The central and highly walkable area boasts unparalleled access to amenities, including Overland Avenue's "restaurant row" and PLATFORM, a hip new shopping center in Culver City. Iconic Culver City locales such as the Culver Hotel and the Helms Bakery District, known for its unique collection of design and home furnishing stores, also add to the area's allure. Nicknamed the "Heart of Screenland," the city is a significant center for film and television production, as well as a growing number of technology companies. Best known as the former home of MGM Studios, Culver City is now home to headquarters for media powerhouses including Sony Pictures Entertainment, NFL Network, Beats by Dre and National Public Radio West. As the area continues to grow in popularity, housing in the greater Culver City area has become a hot commodity.**