PMI Acquires 4 Unit East Hollywood Building

 

We are pleased to announce our most recent acquisition and project, 1013 New Hampshire. This property was built in 1923 and consists of 4,812 square feet. It’s a two story building with four units and privatized parking and storage areas. It is located in the East Hollywood neighborhood.

capturePMI intends to convert the two bedrooms units into three contemporary bedroom units with two modernized bathrooms. PMI is known for taking historic architecture and transforming it into a new contemporary space while maintaining much of the exterior historical character.  These 2 bedroom one bath units will be converted into efficient three bedroom 2 bath units designed for roommates.

dsc06461The location of this building is ideal for the creative millennials.  It is two blocks from the Metro Red line, which makes for easy access to other key locations in LA without the hectic traffic, containing many stops in Hollywood and Downtown LA. It has easy freeway access and is known for the walkability convenience many restaurants. It’s less than a half mile from the very desired Sunset Junction where the latest innovative cafes, coffee shops and bars thrive with their own creative individuality. Unique hot spots in the area include Cafecito Organico, a quaint cafe that many start their day at with a warm Mexican cappuccino; the original CHA CHA CHA, where you can enjoy fresh Sangria and plantains with all sorts of Caribbean flavor, and the hip speakeasy Sqirl LA, which features classic food and drinks re-imagined.

Overall, 1013 N New Hampshire once renovated, will fit perfectly within the Creative Multifamily portfolio.  This property will appeal to young creatives, who enjoy being centrally located to walkable amenities and identify with the artistic flavor of the neighborhoods.

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