NMS 1759 Beloit
NMS 1759 Beloit
NMS 1759 Beloit | A 69-Home, Value-Add Investment Opportunity in West Los Angeles | Built in 2009
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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
- Property Type
- Multifamily
- Deal Type
- Acquisition
- Risk Profile
- Value-Add
THE OFFERING
JLL, as exclusive advisor, is pleased to present for sale NMS 1759 Beloit (“1759 Beloit”, “Beloit” or the “Property”) – a 69-home, value-add multi-housing investment opportunity located in the heart of West Los Angeles. Built in 2009, and being sold by the original developer, Beloit consists of 61 total units. 7 of the units (±11%) are designated for suite-style living (15 suites) offering a turn-key rental experience with an unbeatable in-unit amenity package, including fully furnished units with high end furnishings, individual suite climate controls, private ensuite restrooms, full kitchens in 7 of the suites, in unit/suite washer/dryers, smart TVs with Wi-Fi and utilities included. Additionally, NMS 1759 Beloit also contains 5-affordable units (±8%) and the remaining 49 units (±80%) are operated as conventional apartments, bringing the total home count at NMS 1759 Beloit to 69. Additionally, Beloit offers a subsequent investor the opportunity to increase the total home count to 71 with the potential addition of 2 ADUs.*
NMS 1759 Beloit presents investors with an opportunity to unlock substantial upside through unit interior renovations with the potential to capture ±12% rental upside. Additionally, the Property’s bull’s eye location in Silicon Beach is within proximity to all of West LA’s most dominant employment hubs such as Santa Monica, Century City, Westwood, and Culver City. The combination of the desirable West Los Angeles location, limited competing supply pipeline, robust tenant demographics, and proximity to top-tier employment hubs, distinguish 1759 Beloit as a one-of a-kind investment opportunity positioned as an outperformer for years to come.
*ADUs are RTI, Buyer to rely on own due diligence on total legal unit count. Neither ADUs are included in the unit count on the rent roll.