Investment Highlights
- Rare opportunity to acquire a sizable multifamily asset in Beverly Hills, one of the most affluent cities in the United States.
- Investors will have the option to acquire 230 Hamilton cash to new loan OR by assuming the in-place loan ($20.715M (59% LTV), at 1.465% + SOFR, full term I/O, matures 7/1/2028)
- 230 Hamilton has an expired tract map in place and can be converted to for sale condominiums as a potential exit strategy.
- Great unit mix consisting of (33) 2-bedrooms ranging from 1,363 to 1,694 square feet and (2) 3-bedroom townhomes that are 1,597 square feet.
- Over $3.5M ($100,000+ per unit) of capital improvements completed in the last 10 years that have included comprehensive upgrades to all property systems, amenity spaces, and 31 of 35 unit interiors.
- The 4 remaining classic units remain 35-40% below market, offering investors an opportunity to capture rental upside post renovation.
- The Property offers excellent on-site amenities for a boutique style asset that include a spa, sundeck, fitness center, and central courtyard.
- 230 Hamilton offers proximity to some of the best jobs locally as it is less than a mile from the prestigious Cedars-Sinai Medical Center, 1 mile from the world-renowned Golden Triangle business district in Beverly Hills, and 2 miles from the Norma Triangle business district in West Hollywood.
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