Villa Girasol is a textbook example of an opportunistic value-add deal, providing the astute investor the opportunity to renovate and reposition an attractive and well-constructed property in the heart of one of Los Angeles’ most desirable rental sub-markets. The Hollywood sub-market is enjoying a renaissance as rapid growth and urbanization, driven by dozens of new Class-A residential and mixed-use developments either recently completed or in various stages of development, continues to shift demographics and drive rental rates upward. Neighborhood improvements have also led to an influx of new retail and entertainment options within walking distance, including Pure Barre fitness studio, Life House juice bar, Blackwood Coffee, Electric Owl restaurant, and John Kelly Chocolates.
Located at 1327 North Vista Street, bordered by Sunset Boulevard to the north and Fairfax Avenue to the west, Villa Girasol is ideally located to take advantage of all that Hollywood has to offer. The charming 1931-construction building radiates charm both inside and out. Unit interiors offer spacious floor plans, averaging 980 square feet, with lots of living space, original hardwood floors, wood-beamed high ceilings, large windows, and a home-style feel. Units offer individual water heaters and are separately metered for gas and electricity. The exterior of the property is highlighted by the private courtyard accented by tile décor and historic appeal.
• Prime Hollywood Location – South of Sunset and Adjacent to West Hollywood
• Surrounded by Numerous New Commercial & Residential Developments
• Charming 1930’s Construction with High Visual Appeal
• Spacious 980 Square Foot 1 Bedroom Units
• Tremendous Upside Opportunity with Rents 72% Below Market
