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2/12/26
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Claire Manor Apartments, a 34-unit multifamily property in Los Angeles, was acquired by a private investor in a $4.92 mil ($144.8k/unit) deal. The property is located at 2131 North Cahuenga Blvd, adjacent to the 101 Fwy in the Hollywood Hills submarket.
Claire Manor presented the buyer with a well-maintained asset offering stable in-place income and strong value-add potential. The asset offers a compelling investment opportunity, with approximately 32% rental upside through unit upgrades and operational efficiencies.
The property features a diverse unit mix of nine studios, 20 one-bedroom units, and five two-bedroom units, along with secure building access, on-site laundry facilities, and 24 parking spaces.
Claire Manor Apartments is positioned in a highly sought-after Hollywood location with convenient access to major freeways, nightlife, dining, and cultural destinations including the Hollywood Bowl, Pantages Theatre, and TCL Chinese Theatre. The property also reflects ongoing ownership stewardship, with a retrofit completed in 2018 and an SB721 compliance report finalized in December 2024.
Senior Vice President Michael Dixon and Senior Associate Jakob Friedman of NAI Capital Commercial’s Multifamily Services Group represented the buyer, a private investor, in the transaction. The seller was a family trust represented by John Alden of Dover Management Corporation.
Jakob noted, “Hollywood continues to attract investor interest due to its enduring demand drivers and limited supply of well-maintained multifamily assets. Claire Manor Apartments stood out for its location, condition, and clear path to increased revenue through thoughtful improvements and management.”
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