Braun | Minority Interest Market Exchange

Los Angeles, CA 90046
Sutton Place Apartments – Sutton Place LLC, a California LLC

Sutton Place Apartments – Sutton Place LLC, a California LLC

The Interest being sold is 2% LLC interest. The subject property consists of a four-story apartment building constructed in 1987. The property totals 136 units and a gross building area of 96,078 square feet. The unit mix consists of 72 studio units and 64 one-bedroom/one-bath units. There are 168 onsite parking spaces or 1.24 spaces per unit. The improvements are situated on a 34,412 square foot site. The improvements are in good condition. As of the date of value, the property was 90.4% occupied and was in the process of a unit renovation program. As of the date of value, 103 units had been renovated.

RELATED DOCUMENTS

If interested in more information, print and sign the Non-Disclosure Agreement, email it to Todd Wohl.

HIGHLIGHTS

    • MARKET VALUE AS OF DECEMBER 8 2016: $37,200,000
    • THE SELLER IS THE JOSEPH MASCOLO TRUST OF 1997
    • LONG-TERM OWNERSHIP
    • PROPERTY IS PROFESSIONALLY MANAGED
    • LOCATED IN LOS ANGELES
    • BUILT IN 1987
    • 11,384 SQ FT OF RENTABLE AREA ON 1.993 ACRES.