The Property presents a unique opportunity to continue the high-end unit interior renovation plan solely focused on revenue-generating improvements on the remaining 128 non-renovated units.
Consummate Amenity Package - modern social lounges, recreation lounge with ping pong/billiards, spacious mid-century modern designed lobby, state-of-the-art fitness center, heated pool and a sun deck.
Affordable Entry Point - The Flat is uniquely positioned in the submarket as a result of the efficiently sized units offering a whole dollar rent amount below that of the competitive set.
Additional Revenue Opportunity - Due to The Flat's unit mix, proximity to Downtown Los Angeles and its dynamic employment ecosystem, an investor will have the favorable optionality to capitalize on demand for furnished units, short-term and corporate housing.
Superior Connectivity - Complementing the unparalleled walkability of The Flat (93 Walkscore), the Property is within a 10-minute walk to the 7th Street Metro Station and less than 0.2 miles from the 110 freeway, giving residents unprecedented connectivity and access to all of Southern California. Additionally there are three established higher education institutions within a 2 mile radius (USC, FIDM and Loyola Law School).
Access to Major Employment - The Flat is directly adjacent (less than 0.3 miles) to one of the largest employment hubs in Southern California: Downtown Los Angeles. Residents of The Flat have access to over 500,000 jobs from a 10-minute walk to a 10-minute drive from the Property.