Carmel Partners

Hacienda Heights

350 Unit Renovation in Los Angeles Area

Region: Southern California
Address: 2401 S Hacienda Boulevard, Hacienda Heights, CA 91745
Strategy: Renovation
Status: Sold
Acquisition Date: 02/01/2011
Units: 350

Offering the comforts of suburban living, this renovated community is situated in the San Gabriel Valley of Greater Los Angeles.

Sixteen miles southeast of downtown LA and a short drive from Whittier and West Covina, this project is conveniently located near the 60, 605, and 57 freeways, shopping, and entertainment areas. Nearby wooded canyons and chaparral-covered trails offer an array of hiking opportunities with excellent views of the San Gabriel and other ranges. Hero 1 - Hacienda Heights Hacienda Heights is a 350-unit, wood frame and stucco, garden-style community that was built in 1971. The spacious one- and two-bedroom floor plans include breakfast bars, gas ranges, washer and dryers, and private patios in select units. Hero 2 - Hacienda Heights Curb appeal and building aesthetics were enhanced through upgraded landscaping and pathways throughout the 10-acre property. Amenity updates include new pool furniture and barbecue grills, a remodeled leasing office, an upgraded 24-hour fitness center, and a new business center. Operations were enhanced through improved property management, targeted revenue management and lease expiration strategies, and increased utility recovery income. Hero 3 - Hacienda Heights