THE HUNTLEY
July 2016
projected value
$15,000,000
5 LUXURY TOWNHOUSES
Zola Properties acquired two adjacent R2 lots, improved with two single-family homes, in 2013 and entitled the site for a 5-unit multifamily property with the City of West Hollywood. Zola Properties also processed a condo map for the project. The project has a total capitalization of $6m and is expected to be worth $15m upon completion, yielding a profit margin in excess of 75% and an unlevered equity multiple approaching 2.0x
DESCRIPTION
ARCHITECTURE - Mid-Century Modern design by Steve Albert
GARAGE - Private, side by side Parking, 400 sq. ft Bonus
1ST FLOOR - Open Living room, Dining, Kitchen, Private Garden
2ND FLOOR - Master Suite with private balcony, and Junior Suite
ROOF - 360 Views, Private Decks, Spa and Shower.
THE JOSEPH
24 LUXURY UNITS
Zola Properties has plans for two adjacent R4 lots, a 24-unit multifamily property in the City of West Hollywood. Zola Properties also will process a condo map for the project. The project has a total capitalization of $15m and is expected to be worth $32m upon completion, yielding a profit margin in excess of 100% and an unlevered equity multiple above 2.0x.
DESCRIPTION
ARCHITECTURE - Mid-Century Modern design by Steve Albert
STRUCTURE: 4 Story, 24 Units, +29,000 of Rentable Sq. Ft.
8 PENTHOUSES: Private Roof with 360 Views, Spa, Shower
AMENITIES: 24 Hour Gym, Spa, and Screening Room
MIX: Penthouses, Flats, 3, 2, 1 Beds 1,200 sq. ft. per unit
GARAGE: over 15,000 of subterranean parking garage