The founder of Vantage Capital Group acquired this smaller multi-family property as a sole owner in 2006 in the highly desirable Los Angeles market. The property is located in an emerging area of town. It has benefited from positive changes taking place in this inner city district. Strategically positioned at the crossroad of the trendiest neighborhoods of Koreatown, Silverlake, Los Feliz and Echo Park, it has seen positive demographic trends of young professionals flocking to the area to experience a more urban lifestyle.

 

Built in 1937, the property was acquired half vacant and in serious need of repairs. The units were upgraded with a new color scheme, flooring and modern appliances but retained enough of its vintage charm to appeal to its target demographic population. Heavy-lifting outside work included the installation of new fencing and an automatic gate with interphone, the pouring of new concrete for the parking lot and a complete landscaping overhaul. The property was sold in 2014.