• Two Building 220-Unit Portfolio in the South Bay of Los Angeles
• 1984 and 1987 Construction – Exempt from Rent Control Statutes
• Although these Assets have been Maintained in Excellent Condition, they have never been Fully Renovated, Providing a Value-Added Opportunity as the Economy Rebounds
• Deluxe Accommodations with 9-Foot and Vaulted Ceilings, Kitchens with Gas Ranges, Wood-Burning Fireplaces, Central Air-Conditioning and Heating, and Individual Washers and Dryers
• Highly Amenitized Asset with Two Sparkling Pools, a Relaxing Spa, a State-of-the-Art Fitness Center, a Dry-Heat Sauna, an Oversized Sundeck, and Ample On-Site Parking
• Situated ½ Block from the Affluent Residential Community of Rancho Palos Verdes
• Infill South Bay Location and Lack of Developable Land Creates High Barriers to Entry
• Minutes from the Port of Los Angeles and the Port of Long Beach – the Largest Port System in the US
  

Harbor View & Bay Ridge's premier South Bay location is one of Los Angeles' most desirable residential locales. From 2004-2008 rents in the South Bay increased approximately 7% per annum, and occupancy levels still remain above 95% across the entire region, making it one of the stronger rental submarkets in the country. In spite of the recent drop in the price of single family residences, there remains a tremendous housing affordability gap in the South Bay.  This results in an extremely high level of renter occupied households, with San Pedro leading the way with over 53% of families residing in rental housing.