The Eleanor Apartments

Los Angeles, CA



Number Of Units


Acquisition Price


Sold Price


Hold Period

83 months

Project Level IRR

Project Level EM

Property Photos

Investment Highlights

Acquired by Trion Properties in August 2013, this 41 unit, 1920s ‘bricker’ located in the Westlake/Macarthur Park area was completely vacant and heavily distressed at acquisition. The building was purchased for $1.6MM, with an additional $1.75MM allocated to extensive rehab and renovations. These renovations consisted of completely modern interiors, as well as a tasteful 1920s themed exterior that complements the vintage of the property, appealing to the demographic of the area. As a result, the property went through a year 3 cash-out refinance with a valuation of approximately $9M and over 3x equity multiple, as the property continues to achieve the highest rent/SF in the Westlake/Macarthur Park neighborhood for a property of its vintage.

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An accredited investor must meet one of the following: 1) An annual income of at least $200,000, or $300,000 when combined with spouse’s income; 2) Holds a valid Series 7, 65, or 82 license; 3) Has a net worth of >$1 million, excluding value of a primary residence.


The Eleanor Apartments on Map