1164 N Kenmore | Hollywood, CA | 29 Bed Co-Living

Investor IRR: 26%
Equity Multiple: 2.0
Investment Period: 36 months

8,250 SF site on N Kenmore just off Santa Monica Blvd in the East Hollywood submarket of Los Angeles. The site is located in qualified Opportunity Zone and could be subject to those tax benefit.

Accessibility: close proximity to red line dedicated rail and short driving distance to prime Hollywood and Silver Lake neighborhoods

Current Zoning: The site is zone RD1.5-XL which allows for 1 unit per 1500 SF of land area which gives the site a maximum of 5 units.

The XL designation requires the new building to be designed within a 30’ ft height restriction which forces our design for one level of on-grade parking and 2 stories of apartments above.

By taking advantage of co-living, the site is not limited by bedrooms, with its only constraints as 5 units, the parking required for 5 units and keeping within the maximum FAR we can add density via bedrooms. o The process for permitting is “by-right” which allows for Six Peak to work with architects and the professionals to create a construction set of plans to be approved for code. There is no public process or forum that requires discretionary approval to build this project.

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Disclaimer of Offering:
The information in this website is not an offer to sell or a solicitation of an offer to buy any security of Capital Partners Funds or its affiliates. Any offer of securities will be made only to Accredited Investors and only by means of a Private Placement Memorandum. Any offer will be made only in compliance with Federal and State Securities Laws applicable to an offering of securities.

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