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. 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.
Comprised of 14 apartment buildings, the Valley Collection Portfolio is located in Panorama City, North Hills, Van Nuys, and Canoga Park; all within Los Angeles County. Acquired off-market between July-December 2016, the portfolio represents an excellent opportunity to reposition the properties through interior and exterior renovation. The Interiors will feature upscale finishes such as new kitchens with granite countertops, and wood-inspired vinyl plank flooring throughout, while the exteriors will feature wood cladding, which is unique in this market. Designer paint schemes complement the engineered wood cladding, offering a distinctive and memorable exterior style. 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.