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Berkadia and KW Commercial are pleased to present the exclusive opportunity to acquire 368 total units in a portfolio of five separate properties in Los Angeles County, California. The holdings offer a variety of Affordable Housing programs, and all have benefitted from the care and maintenance of long-term ownership. In addition, two of the assets are non-rent controlled, four of them are eligible for new tax credit syndications, and all the of the properties currently have rents that are significantly below permittable levels, endowing this portfolio with immediate rental upside.
The five properties and their locations comprise the following:
Los Angeles County is home to one of the most dynamic economies in the country boasting employment hubs in high-end retail, cutting-edge high-tech companies, world-renown entertainment industry, a robust manufacturing base and vibrant international trade, not to mention the multitude of spectacular beaches, dining, shopping, and entertainment destinations catering to virtually every taste. With one in four Californians living in Los Angeles County, the area offers a rich cultural diversity and a youthful, affluent demographic, with the vast majority seeking rental opportunities in a very competitive housing market. These factors – combined with the area’s world-class education, transportation, and myriad lifestyle amenities – this LA County Affordable Housing Portfolio offers new ownership an exceptional investment opportunity.
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
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