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Multifamily

AVA North Hollywood

Los Angeles, CA

156 Units

Built in 2015

Core Plus

Investment Highlights

  • AVA North Hollywood is a high-quality, institutionally owned asset located in the dynamic NoHo Arts District, one of the premier pedestrian oriented submarkets within Los Angeles' San Fernando Valley.
  • Built in 2015, the Property offers investors an opportunity to create value through strategic enhancements.
  • The average household income of tenants living at AVA North Hollywood is $170,180 which is roughly 4.67x the annualized market rent at the Property offering ample runway for future rent growth.
  • Average household incomes in NoHo Arts are projected to grow 16% over the next 5 years. 1,670 new high-income households (those earning more than $100,000 annually) are projected to be added in the next five years. More than 82% of the NoHo Arts District population are renters partly due to the growing cost of homeownership across the market.
  • AVA North Hollywood is just steps away (0.4 miles) from North Hollywood Station which offers stops on both the B (fka Red) & G (fka Orange) Metro Lines, 8 local bus routes, 3 express bus routes, and the future NoHo to Pasadena Metro Line expected to open in 2027. Residents are also within minutes of the 170, 101, 134, and 5 freeways.

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