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6 Locations For Sale

Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$20,650,000
130 days on market
Updated 80 days ago

The Sunset Legacy Collection

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 55,130
Units 64
Cap Rate 5.60%
Price per SqFt $374
Class A
Investment Type Core+
Sale Condition 1031 exchange

64-Unit Los Angeles Apartment Portfolio | 2.76% Assumable Financing | Prime Infill Locations

Marketing description

The Sunset Legacy Collection

64-Unit Multifamily Portfolio Across Prime Los Angeles Submarkets

The Brody Group of Marcus & Millichap is very pleased to exclusively represent The Sunset Legacy Collection, an extremely rare opportunity to acquire a six-property multifamily portfolio totaling 64 units located in some of Los Angeles’ most sought-after rental markets including West Hollywood, Hollywood, Pico-Robertson, and Valley Village.

What makes this offering particularly compelling is the exceptionally favorable assumable financing, with interest rates ranging from 2.76% to 3.74%, including select interest-only loan structures. This highly attractive debt profile provides investors with a financing advantage that is extremely difficult to replicate in today’s capital markets environment.

Strategically located near some of Los Angeles’ most iconic lifestyle and employment corridors including Sunset Boulevard, Melrose Avenue, and Ventura Boulevard, the properties benefit from strong rental demand driven by the region’s thriving entertainment, media, technology, and hospitality sectors.

The Sunset Legacy Collection represents a rare portfolio acquisition opportunity, providing investors the ability to acquire scale across multiple premier Los Angeles submarkets with strong long-term rental demand, highly desirable locations, and favorable in-place financing.

This offering is ideally suited for private investors, family offices, and 1031 exchange buyers seeking institutional-quality multifamily assets in supply-constrained Los Angeles neighborhoods.


Portfolio Breakdown

733 Huntley Drive – 6 Units – West Hollywood - 2.76% IO Assumable Financing
1429 N. Havenhurst Drive – 18 Units – West Hollywood - 2.76% IO Assumable Financing
1530 N. Formosa Avenue – 10 Units – Hollywood - 3.74% P&I Assumable Financing
8843 Alcott Street – 10 Units – Pico/Robertson - 3.74% P&I Assumable Financing
5223 & 5227 Corteen Place – 20 Units – Valley Village - 2.76% IO Assumable Financing

Total Portfolio:
6 Buildings | 64 Units

The Sunset Legacy Collection represents a rare opportunity to acquire a portfolio of six multifamily assets totaling 64 units across West Hollywood, Pico/Robertson, and Valley Village—each selected for its location, unit quality, and long-term growth potential. This is not a collection assembled for sale—it is a portfolio built for enduring ownership.


Institutional Scale in Core Los Angeles Markets

64 units across multiple high-demand submarkets provide immediate scale and operational efficiency while maintaining exposure to some of the most resilient rental markets in Southern California.


Below-Market Assumable Financing Across Multiple Assets

Select properties feature sub-3% to sub-4% assumable debt, creating a portfolio-wide cost of capital advantage that enhances cash flow and long-term returns in a rising rate environment.


Irreplaceable Locations with Enduring Demand Drivers

Positioned near Sunset Boulevard, Melrose Place, Beverly Hills, and major employment corridors, each asset benefits from walkability, lifestyle appeal, and proximity to high-income tenant bases.


Diversified Unit Mix with Broad Tenant Appeal

A strategic mix of one-, two-, and three-bedroom units—including oversized, condo-quality layouts—supports consistent occupancy and attracts long-term renters across multiple demographics.


Proven Value-Add & Organic Rent Growth Potential

Opportunities exist across the portfolio to capture mark-to-market rents through interior upgrades and operational efficiencies, while benefiting from continued market-driven rent growth.


Reduced Capital Exposure with Select Asset Improvements

Recent upgrades across portions of the portfolio—including seismic retrofit, repiping, and system improvements—help mitigate near-term capital expenditure risk.


Flexibility of Acquisition Strategy

Investors may acquire individual assets or secure a strategic foothold across multiple submarkets in a single transaction—creating optionality for both capital deployment and exit.


Designed for Long-Term Capital Preservation & Growth

The combination of strong in-place income, favorable financing, and premier locations positions the portfolio as an ideal long-term hold for private capital and family office investors.

Investment highlights

  • 64 UNITS ACROSS PRIME LOS ANGELES SUBMARKETS
    Curated portfolio spanning West Hollywood, Pico/Robertson, and Valley Village—some of the most supply-constrained and consistently outperforming rental markets in Los Angeles.

  • SUB-3% TO SUB-4% ASSUMABLE FINANCING ACROSS THE PORTFOLIO
    Multiple assets feature below-market debt (as low as 2.76%)—creating a portfolio-wide cost of capital advantage that is impossible to replicate today.

  • SCALE + DIVERSIFICATION IN ONE ACQUISITION
    Six assets offering a mix of unit sizes, locations, and tenant profiles—reducing risk while maintaining exposure to high-growth submarkets.

  • NON-RENT CONTROLLED AND NEWER CONSTRUCTION COMPONENTS
    Select assets (e.g., Huntley) provide operational flexibility and enhanced rent growth potential rarely available in Los Angeles.

  • SIGNIFICANT VALUE-ADD & RENTAL UPSIDE
    Mark-to-market opportunities across multiple properties—capture rental increases through interior upgrades and operational efficiencies.

  • MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED ON SELECT ASSETS
    Reduced deferred maintenance across the portfolio, including seismic retrofit, repiping, and system upgrades—minimizing near-term CapEx exposure.

  • LIFESTYLE-DRIVEN LOCATIONS WITH ENDURING DEMAND
    Positioned near Sunset Strip, Melrose Place, Beverly Hills adjacencies, and major employment hubs—driving consistent tenant demand and premium rents.

  • MULTIPLE ACQUISITION STRATEGIES (BUY ONE OR ENTIRE PORTFOLIO)
    Flexibility to acquire individual assets or secure a dominant position across multiple core LA markets in a single transaction.

  • IDEAL FOR FAMILY OFFICE & LONG-TERM CAPITAL
    Stable in-place income, favorable debt, and prime locations create a “sleep at night” portfolio designed for long-term wealth preservation and appreciation.

  • RARE OPPORTUNITY TO CONTROL MULTIPLE POSITIONS IN CORE LA MARKETS
    Opportunities to acquire this level of scale with aligned financing and quality across premier submarkets are exceptionally limited.

Listing Contacts

Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

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