With a total of 150 apartment homes and 12,706 square feet of retail, The Renaissance at City Center represents a sizable Core/Core+ opportunity in the South Bay.
With over 27.7 million SF of master-planned projects in various phases of development, the City is maturing from the youngest city in the South Bay to a significant lifestyle & employment destination.
The Property was built in 2013 and is not subject to rent regulation per AB 1482 and the proposed Proposition 21. This gives an investor the ability to maximize the rent growth without restriction.
Due to its central location, residents of The Renaissance at City Center can access several of Southern California's top employment hubs, including: West Los Angeles, Silicon Beach, Long Beach, Downtown Los Angeles, Anaheim and Irvine within a 35-minute drive.
The Renaissance at City Center represents a rare opportunity for an investor to acquire a
Core/Core+ property in the supply-constrained market of the South Bay, which has had only 13 institutional-sized multifamily properties (50+ Units) built in the last 30 years. Furthermore, 94.2% of the apartment stock in the South Bay was built before 1990, which further bolsters demand for luxury housing like The Renaissance at City Center and will ensure that it remains a premier rental housing option in
The Renaissance at City Center features apartment homes that are adorned with high-quality finishes including stainless steel appliances, quartz counter tops, vinyl plank flooring, European-style cabinetry, and private patios or balconies. To complement the well-appointed unit interiors, the Property offers its tenants incomparable community amenities, such as a pool/spa, fireside lounge, fitness center, movie screening theater, billiards lounge, a business center, conference room, BBQ grilling