Hollywood
Year
2021
Property Type
Duplex
In just 6 months, domestic.ly took this duplex from dilapidated to Mid-Century Modern stunner, commanding premium rents and nearly doubling the NOI.
Despite rampant supply-chain issues and rapidly increasing materials costs globally, the firm was able to complete renovations on time, enabling the investors to realize the full potential, raising the CAP Rate from 5.2% to 7.6%.
Studio City
Year
2020
Property Type
Triplex
This property is hardly recognizable from the full strip-down treatment it received from domestic.ly. The extensive build across 3 years added unparalleled improvements, its modern touches attracting top-notch tenants with trailblazing rents.
The realized improvement on CAP rate is astonishing, increasing from 2.0% to 6.5%.
Toluca Lake
Year
2019
Property Type
Fourplex
This quaint, vintage building is packing some serious punches after a relatively small capital call from domestic.ly to investors, adding updated features for the modern tenant over time as units vacated.
With the CAP rate improving from 5.6% to 8.8%, there is no question this hidden gem is worthy of a long-term placement in the owners' portfolio.
