Investment Highlights
- Ownership has renovated 71 of 112 units (63% of total units) to date, giving investors a proven road map to renovate the remaining 41 classic units to the same scope and capture a significant premium.
- High ROI on Value-Add Dollars: By completing current ownership's interior renovation strategy, an investor can capture a 25%+ return on investment.
- Well Below Replacement Cost: Despite its repositioning as a premier multifamily asset, the Property can be acquired significantly below replacement cost.
- Substantial Headroom to Market Leaders Insulates Candela: Compared to Properties in the competitive set, Candela's rents remain insulated by 10%+ ($300-$400/month) for one bedrooms and 8-19% ($300-$800/month) for two bedrooms, allowing for ample runway for rent growth.
- Adjacent to the Immensely Popular Franklin Village: ???????Candela is within an easy walk to Franklin Village, one of the most beloved urban villages in Los Angeles and featuring popular establishments like Upright Citizens Brigade, Gelson's, Tailwaggers, and The Oaks Gourmet Market & Cafe.
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