In addition to a nationwide student housing portfolio of over 5,000 beds, MJW Investments also owns and operates a portfolio of small- and mid-size market rate apartment buildings in Southern California. Last week, MJW closed on 1719 Federal Avenue, a 1960s built, 13-unit apartment building located a few blocks west of Sawtelle Japantown. Per MJW’s value-add strategy, plans for the property include significant renovations to the units, common areas, and building exterior, in addition to seismic retrofitting to ensure tenant safety in the event of an earthquake. These upgrades will allow MJW to unlock substantial upside in the property’s income as units vacate.
With the help of a design consultant, MJW Investments’ Construction and Property Management divisions have started the process of bringing new life to the 50 year old building.
We are looking to expand our local apartment and nationwide student housing portfolio. Please contact Mark Weinstein for acquisition opportunities at 310.395.3430 x217 or firstname.lastname@example.org.