8815 Cynthia Street, West Hollywood, CA 90069

This courtyard-style apartment property was built in 1989 and contains 21 total units, with an ideal mix of 19 two-bedroom, two-bath units and 2 one-bedroom, one-bath units. Each unit is described as having a spacious layout with abundant natural light. The building features secure entry and copper plumbing, supported by an 18-camera video system. The project is also in the process of being converted to condominiums.

Unit interiors are being presented with upgraded finishes and amenities, including stainless steel appliances, quartz or granite countertops, fireplaces, vinyl or laminate flooring, and spacious kitchens, bedrooms, and bathrooms. Select units also feature large balconies or patios. The property includes individual water heaters and central heat and air conditioning. Parking is offered in gated subterranean form, with 47 parking spaces for 21 units.

From a compliance and operational standpoint, the offering notes that the property is not subject to West Hollywood rent control, and that AB 1482 does apply. In addition, four of the units are subject to lower income covenants. With a Walk Score of 92 and a unit mix suited to both small and larger households, the asset may appeal to buyers seeking a condo conversion-oriented multifamily investment with extensive on-site parking.