Non-RSO | 2 Blks to Beverly Hills 320 S Arnaz Dr 48 Unit Apartment Building $25,700,199 CAD ($535,421 CAD/Unit) Los Angeles, CA 90048

PROPERTY HIGHLIGHTS | 48-unit, non-RSO (AB1482) multifamily investment located two blocks from Beverly Hills & Cedars Sinai - one of Los Angeles’ most desirable rental markets. Built in 1984 and encompassing 33,462 SF of improvements, the offering features a highly efficient and market-proven studio unit mix. Cedar's Sinai employs over 16,000 staff members and medical specialists.
UNITS FEATURES | Most units offer open floor plans, stainless steel appliances, wood-style flooring, window treatments, wall A/C units, and large private balconies with panoramic views of the Hollywood Hills, West Hollywood, and Beverly Hills.
INTERIOR REPOSITIONING | Generous unit sizes lend themselves to the addition of decorative partitions, creating a more defined separation of living and sleeping areas. These non-permanent improvements can enhance tenant appeal and functionality without requiring structural modifications.
AMENITIES | Comprehensive amenities including gated parking with 48 secured spaces, controlled access entry, laundry facilities, and a video monitoring system.
FLEXIBLE, STABILITY and LONG-TERM VALUE | AB 1482 represents one of the most attractive ownership profiles. These assets offer a compelling balance between operational flexibility and predictable regulation.
MARKET-ALIGNED RENT GROWTH | AB 1482 statewide rent guidelines permit meaningful annual rent increases tied to inflation (CPI + allowable margin),
EXEMPTION from LOCAL RENT CONTROL (RSO) | The exemption from local rent control allows owners to operate without strict rent caps tied to CPI schedules, vacancy decontrol limitations, and additional compliance burdens.
AFFORDABILITY COVENANT | Rents are currently capped at $3,180 per month for qualified workforce housing. Covenant in place until 30 years following Cert. of Occupancy.
Contact Listing Agents for more details.