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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JLL is a leading professional services firm that specializes in real estate and investment management. We shape the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of approximately 91,000 as of December 31, 2020. We provide services for a broad range of clients who represent a wide variety of industries and are based in markets throughout the world. Our clients vary greatly in size and include for-profit and not-for-profit entities, public-private partnerships and governmental ("public sector") entities looking to outsource real estate services. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities.
- 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.
| Files | Updated | Download |
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| 1759 Beloit Ave_Flyer.pdf |