05 Mar The CitiZen at Virgil Village
Acquired: March 2017
Location: Los Angeles, CA
Located in Hollywood, California, Marathon Towers is a 94-unit apartment complex purchased in March 2017. Acquired at a price well below market value, the property presented an excellent value-add opportunity. Strategic Housing Partners, LLC (“SHP”)’s redevelopment plan includes complete exterior and interior renovation, as well as the addition of a number of desirable amenities including an outdoor pool and lounge, fitness center, game room, and on-site leasing office. Designed by the well-known KFA architects, the facade will feature a distinctive black and white modernist pattern, making the building a standout in the area and appealing to the young, creative community in Hollywood.