Overview
Newmark, as exclusive advisor, is pleased to present for
sale Westside Trio (the “Portfolio” or “Properties”), a 38-unit apartment community and portfolio comprised of three buildings located at 1823 Fuller, Los Angeles; 8730–8736 Holloway Dr, West Hollywood; and 1335–1351 Manhattan Beach Blvd, Manhattan Beach. Originally built in 1963,
1950, and 1967, ownership has spent a significant of capital expenditures to completely transform the properties, with two of the properties (1823 Fuller & 1335–1351 Manhattan) being fully renovated with extremely high-end finishes
commanding top-of-market rents.
Investment Highlights
The Portfolio’s exceptional location provides tenants
immediate access to a wide variety of employment as well as
world-class shopping, dining, and entertainment destinations
in the most sought after and highly amenitized neighborhoods
in Los Angeles. The asset’s locations, namely, Manhattan
Beach, West Hollywood, and Hollywood Hills are the focal
points for the growth of content and entertainment and tech
on a global scale. With an unparalleled tenant base driving
steady apartment demand, and plenty of future growth in the
submarkets, the Portfolio offers investors an opportunity to
acquire premier, urban infill assets that are poised to benefit
from solid fundamentals for years to come.
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