Riviera Luxury Apartments is an 18-unit multifamily investment opportunity located in a highly desirable West Los Angeles location. The property is situated just south of Wilshire Boulevard and is adjacent to the prestigious neighborhood of Brentwood. Built in 2003, this property offers a very attractive unit mix – with almost exclusively two-bedroom/two-bathroom floor plans, the average unit size is approximately 980 square feet. Despite the immediate desirability of the asset, an investor would still have the opportunity to increase rental price points by approximately $0.22/SF through a more aggressive management style and by instituting a minor upgrade program. As such, Riviera Luxury Apartments provides the investment community with a truly rare offering – a value-add opportunity on a recently constructed Westside apartment community.
Updated on March 6, 2017 at 10:49 am
RIVIERA LUXURY APARTMENTS - 1317 S. Westgate Ave.
