Located in Hollywood, California, The CitiZen at Virgil Village 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. SHP's redevelopment plan includes complete exterior and interior renovation, as well as a number of desirable amenities including an outdoor pool, fitness center, spin room, dog wash, and on-site leasing office. Designed by the well-known KFA architects, the facade features a distinctive black and white art deco-inspired pattern, making the building a standout in the area and appealing to the young, creative community in Hollywood.
Comprised of 14 apartment buildings, The Valley Collection is located in Panorama City, North Hills, and Canoga Park; all within Los Angeles County. Acquired off-market between July-December 2016, the portfolio presented an excellent opportunity to reposition the properties through interior and exterior renovation. The interiors feature modern finishes such as new kitchens with granite countertops and wood-style flooring throughout, while the exteriors feature wood cladding accents and designer paint schemes. Each newly landscaped garden-style community is oriented around a central pool or recreational area.
Located on the highly sought-after San Vicente corridor, moments from Ocean Avenue and the Santa Monica stairs, The Biarritz is a 22-unit apartment building acquired in June 2013. The interior renovation features luxurious finishes such as Italian carrera waterfall countertops and mosaic carrara marble bathroom tiles. The exterior renovation preserved the historic facade and included an updating of the existing garden style pool and addition of an expansive outdoor lounge.