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Multifamily

nVe at Fairfax

Los Angeles, CA

63 Units

Built in 2018

Core

Investment Highlights

  • A Premier Core Offering nVe at Fairfax represents a rare opportunity to purchase a newly constructed Class-A, state-of-the art 63-unit luxury asset that is just steps from West Hollywood, a highly sought-after submarket with high barriers to entry that boasts some of the best demographics in all of LA County.
  • Rare Buying Opportunity There have only been five (including nVe at Fairfax) 50+ unit multifamily assets delivered within a one-mile radius of the property since 2000 and only one has sold in the past 18 years (Fiona Apartments).
  • Affluent Demographics The average household income in the Property's zip code is $122,327, which is 19% higher than neighboring West Hollywood and 34% higher than the City of Los Angeles as a whole.
  • High Home Prices Drive Rental Demand nVe at Fairfax is located between West Hollywood and prime Melrose/Fairfax area, two of the most desirable single-family home neighborhoods in Los Angeles County. With median home prices in the $1.9 million range, homeownership in this submarket is unattainable for most of the population, which results in strong demand for quality multifamily rental options.

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