
164 East 61st Street
US - New York, NY
€7,738,000 | 5 units
JLL, as exclusive advisor, is pleased to present for sale NMS 1759 Beloit (“1759 Beloit”, “Beloit” or the “Property”)– a 69-home, value-add multi-housing investment opportunity located in the heart of West Los Angeles. Built in 2009, and being sold by the original developer, Beloit consists of 61 total units. 7 of the units (±11%) are designated for suite-style living (15 suites) offering a turn-key rental experience with an unbeatable in-unit amenity package, including fully furnished units with high end furnishings, individual suite climate controls, private ensuite restrooms, full kitchens in 7 of the suites, in unit/suite washer/dryers, smart TVs with Wi-Fi and utilities included. Additionally, NMS 1759 Beloit also contains 5-affordable units (±8%) and the remaining 49 units (±80%) are operated as conventional apartments, bringing the total home count at NMS 1759 Beloit to 69. Additionally, Beloit offers a subsequent investor the opportunity to increase the total home count to 71 with the
potential addition of 2 ADUs.*
NMS 1759 Beloit presents investors with an opportunity to unlock substantial upside through unit interior renovations with the potential to capture ±12% rental upside. Additionally, the Property’s bull’s eye location in Silicon Beach is within proximity to all of West LA’s most dominant employment hubs such as Santa Monica, Century City, Westwood, and Culver City. The combination of the desirable West Los Angeles location, limited competing supply pipeline, robust tenant demographics, and proximity to top-tier employment hubs, distinguish 1759 Beloit as a one-of a-kind investment opportunity positioned as an outperformer for years to come.
-Value-Add Opportunity
-Rare Multifamily Offering in West Los Angeles
-The Epicenter of LA’s Most Dominant Employment
Hubs
-Los Angeles Tech Jobs Are Here to Stay
-Virtually No Future Competing Supply
-Significant Discount To Replacement Cost
-Ideal Proximity to New Transformative Developments
-Unmatched West Los Angles Location at the Doorsteps of Shopping and Entertainment