DWG Capital Group and Principal, Judd Dunning,(formerly of Newmark ARA) as exclusive advisor, is pleased to present this exceptional investment opportunity located at 1275-1279 Sunset Blvd, Los Angeles. 1275 Sunset is a premium, modern 75-unit development project in one of the most attractive new neighborhoods, now ready for RTI closing and sale, offering significant value at an incredible reduced/adjusted price. Please find the detailed information below and attached documents. Offering Summary: 1275 Sunset RTI Development Property Details: Address: 1275 - 1279 Sunset Blvd, Los Angeles, CA 90026 Submarkets: Echo Park | Elysian Valley | Dodger Stadium Listing Price: $5,625,000 ($75,000/Unit) Number of Units: 75 (69 Market Rate & 6 Affordable) Unit Mix: 60 1-Bedroom | 15 2-Bedroom | 6 Affordable Total SF Land: 20,206 SF Rentable: 55,550 SF Gross RTI Build: 94,135 SF Construction Type: Type III-A Zoning: C2-1VL Rents in the Area: $4+ PSF in new apartment builds RTI Status: Seller will deliver “ready to issue” status. Buyer will obtain and deliver own permits at closing. Due Diligence Folder: Due Diligence Folder Potential General Contractor/Builder: David Hirsch (dhirsch@midconstruction.com). Recommended; please conduct your own due diligence. Seller (Reduced) Terms Sought: Price: $5,685,000 (previously $7,700,000) Down Payment: 3% Due Diligence: 21 days Close: 30 days at RTI Additional Investment Highlights: This nearly shovel-ready project is designed to minimize entitlement risk, optimize carrying costs, and accelerate the path to profitability. The fully entitled apartment development sale features an attractive building design by an excellent architect and seasoned developer. The C2-1VL parcel assemblage site has all existing improvements removed and is ready to issue permits. The fully stamped completed plans allow the project to commence quickly, developing a new five-story, 75-unit apartment building with two levels of subterranean parking. The property is located adjacent to Echo Lake and Angelino Heights. Within walking distance of Dodger Stadium (0.3 miles away) and the recently revitalized Echo Park Lake (0.6 miles away), this property is well-located in Echo Park's main artery and renowned retail and restaurant hub, Sunset Boulevard. Future tenants will benefit from the vibrant neighborhood, boasting an array of dining, entertainment, and shopping options, including acclaimed establishments like Winsome, Bar Henry, Guisados, and Eightfold Coffee TSUBAKI. Silverlake, Downtown LA, Chinatown, and the trendy Elysian Valley are all within a short six-block drive. Echo Park serves as a central hub to Los Angeles' prominent employment centers, including Downtown Los Angeles, which hosts over 500,000 jobs. Commuters benefit from easy access via the US 101 (Hollywood Freeway), US 110 (Harbor Freeway), and CA 2 (Glendale Freeway), with over 989,000 jobs within a 30-minute drive. With an average household income surpassing $72,020 within a 1-mile trade area and a remarkable walk score of 86, this property caters to the preferences of millennials who make up 36.2% of the residents in the 1-mile vicinity. Contact Us to Learn More DWG Capital Group (formerly of Newmark/ARA) Phone: 972.738.8586 Phone: 310.261.8428 Email: JDUNNING@DWG-RE.COM Our team looks forward to your continued business in 2024. Specializing in: Multifamily Development Industrial Office Retail Debt & Equity