LOS ANGELES, CA - Oak Coast Properties, an active investor, developer and manager of multifamily real estate, today announced plans to develop a new apartment community in West Hollywood, California. To be built in a prime location in the City of West Hollywood, the development will include 53 rental units aimed at residents seeking upscale rental housing with an array of amenities. Commencement of construction is planned for Fall 2014. Oak Coast has selected R&A Design in Santa Monica as the lead architect/designer on the project.
“West Hollywood is experiencing strong demand for quality rental properties,” said Oak Coast Properties Chief Executive and Co-founder, Matthew Heslin. “With this new community, Oak Coast Properties will bring to market new, highly amenitized units in a boutique offering that differentiates it from other existing and new product in the area.”
The development will feature 53 total units comprising 26 one-bedroom, 25 two-bedroom, and 2 three-bedroom two-story units. Additionally, the community will include 12 housing units for future residents of low to moderate income. Uniquely, all one and two-bedroom apartments also feature a creative space or potential home office. With an average unit size of 1,156 square feet, the new apartments offer not only a substantial array of amenities for its residents but also a larger living space relative to competing units in the area.
Adorned atop of the five-story courtyard style building will be a rooftop deck offering a swimming pool, fitness center, yoga deck and a club room. The views from the deck will feature 360 degree views of the city including the Hollywood Hills, Century City and downtown Los Angeles skylines. The community also incorporates multiple gathering spaces including a library off the main entrance, as well as intimate outdoor decks landscaped with olive trees, BBQs and dining areas designed for outdoor entertaining. Bike stations and a pet washing station are also available for resident use.
“This property’s rich amenities, rooftop deck and spacious units create a boutique rental offering unique to others in West Hollywood,” said Philip Nahas, Managing Partner of Oak Coast Properties. “We anticipate demand for units at this property to be very strong.”
The new apartment community will be located at 1250 N. Fairfax Avenue, in a prime locale of West Hollywood. The community sits proximate to multiple shopping, dining and entertainment options on Sunset Boulevard, Melrose Avenue, Santa Monica Boulevard and Robertson Boulevard, many within walking distance of the property.
About Oak Coast Properties
Co-founded in 2009 by Matthew Heslin and Phillip Nahas, Oak Coast Properties is a developer, owner and manager of multifamily properties. As an active purchaser of apartment communities, the firm applies a long-term investment approach to maximize the value inherent in each property holding. Oak Coast Properties is headquartered in Los Angeles, California.