Lofts at NoHo Commons/Los Angeles, CA

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Under Contract

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Multifamily

Los Angeles, CA

292 Units

Built in 2006

Core Plus

Extensively renovated asset in the Heart of the NoHo Arts District: Built in 2006, the Property offers investors an opportunity to acquire a turn-key asset with only 40 remaining units to renovate.
Dynamic Demographics Drive Demand for Apartments: More than 82% of the NoHo Arts District population are renters partly due to the growing cost of homeownership across the market.
Transit-Oriented Asset w/ Live, Work, Play Amenities Abound: Immediate access to Shops at NoHo Commons, walking distance (94 Walk Score) to countless amenities throughout NoHo Arts District.
Strong Submarket Fundamentals: Outside of the COVID-19 pandemic period shock, average occupancy in NoHo was 96% and never previously dipped below 95%. Average occupancy looking forward is 95.6% for the foreseeable future.