Descripción

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present The Dahlia (the “Property”) for sale — a 52‑unit podium community located in the highly coveted Norma Triangle neighborhood of West Hollywood. The Dahlia represents a rare value‑add investment opportunity supported by stable in‑place cash flow and a proven track record of occupancy at ±96%. Coming to market for the first time in over 25 years, this offering provides investors the chance to acquire a strong, well‑located asset with both immediate income and substantial upside potential.

Originally constructed in 1969, The Dahlia comprises a mix of studio, one‑, two‑, and three‑bedroom units totaling 52 residences, averaging ±708 square feet. The Property spans a double‑frontage lot along Hancock Avenue and Palm Avenue, offering multiple access points and efficient unit layouts well-suited to West Hollywood’s renter demographic.

The offering features an accretive ±12 million Fannie Mae loan assumption at a 2.54% interest‑only rate, with maturity in Q4 2031, providing investors with a highly advantageous financing structure and excellent cost of capital in today’s environment.

The 24 unrenovated units provide investors with a defined value‑add path to drive rent growth and maximize performance. The Property also benefits from a newly installed roof and a secured parking garage with 75 spaces, supporting resident convenience and long-term durability. Community amenities are anchored by four landscaped courtyards, including a main courtyard featuring a pool, jacuzzi, and expansive sun deck with scenic views, offering a distinctive lifestyle experience that resonates strongly with West Hollywood’s professional and entertainment-driven tenant base.

Steps from Melrose Avenue’s retail and dining and Santa Monica Boulevard’s commercial corridor, The Dahlia offers a WalkScore of 90 (“Walker’s Paradise”) with Trader Joe’s and daily conveniences nearby. Centrally located between Hollywood and Century City, the Property benefits from sustained tenant demand and strong market fundamentals, providing a prime platform for further upgrades and operational enhancements to capture meaningful upside in West Hollywood’s premier submarket.

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