LaScala Apartments
Deal Type: Acquisition
Risk Profiles: Core, Core Plus
Property Types: Multifamily, Retail
EXECUTIVE SUMMARY
LaScala Apartments
- 2016 Construction | Durable Asset: Earth Advantage Platinum-certified building with 44 spacious units and off-street parking, offering modern systems and design that reduce near-term capital needs and ongoing maintenance.
- Walkable Downtown Beaverton Location: Situated in the heart of Beaverton’s vibrant commercial downtown area, LaScala is walkable to the city’s popular restaurant scene, Beaverton High School, the City Library, and the MAX Light Rail – supporting consistent tenant demand and long-term desirability.
- Diversified Commercial Income: Ground-floor retail is leased to popular restaurant operators who have been in place since the building opened, providing diversified income and steady activity at the property.
- Attractive Assumable Financing: Existing $7.48MM loan at 3.61% fixed through August 2032 allows a buyer to step into long-term debt well below current market rates, enhancing cash flow from day one.
- Built-In Rental Growth: Current rents remain below nearby newer Class A properties, creating a clear path to future increases while still positioning the property as an attractive, high-quality housing option for tenants.
LOCATION OVERVIEW
Beaverton, Oregon | Walkable, connected, and redefined by meaningful public and private investment.
The City of Beaverton’s ongoing downtown revitalization and transit-oriented development initiatives reflect a significant public-sector reinvestment across the city’s central districts,
supported by sustained infrastructure, transportation, and placemaking funding. Focused on multimodal mobility, streetscape enhancements, and higher-density mixed-use development, these efforts improve overall livability and support walkable, amenity-rich neighborhoods, key drivers of long-term residential demand throughout Beaverton.