This property was acquired off market, through a relationship with the seller. The property offered several opportunities to increase operating income, by improving units and common areas. This helps us attract highly qualified tenants, who are likely to stay in their units for a long time (minimizing turnover).

The property is in a rapidly changing corridor of Los Angeles, just a few miles from the $5 billion SoFi Stadium. This bodes well for long term rent growth in the area.