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Multifamily

VEDA

Los Angeles, CA

236 Units

Built in 1988

Value Add

Investment Highlights

  • COMPELLING VALUE-ADD OPPORTUNITY - VEDA has received approximately $17M in capital improvements over the last 5 years. Investors will be able to focus on upgrading the remaining 101 unrenovated units.
  • A RARE OFFERING IN A HIGHLY DESIRABLE SUBMARKET - 1 of only 4 multifamily assets in Sherman Oaks greater than 200 units and the only 200+ unit asset not subject to LA rent stabilization ordinance.
  • SHERMAN OAKS IS WHERE PEOPLE WANT TO LIVE - Average household incomes are near $150,000, about 60% of the population is college educated, and 45% of the population earns more than $100,000 per year.

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