The subject property is in the city of North Hollywood within the county of Los Angeles in the southeast section of the San Fernando Valley. The property benefits from its close proximity to the 170, 101, and 134 freeways. Public transportation is also easily accessible to its residents. Additionally, the building is within close proximity to the heart of the newly developed and highly desirable Noho Arts District.

The neighborhood’s residential and commercial industry continues to strive and has provided a stable and solid demand for this particular area for several years. The rental demand remains competitive as vacancy rates remain low despite the current economic state.

The property offers an excellent unit mix with recent upgrades both in the interior of several units and exterior of the buildings which include copper plumbing. The property is professionally managed and well maintained with little to no deferred maintenance.