Los Angeles, CA
In September 2012, Champion acquired 1733 Cherokee as a heavy value add (or repositioning) investment. Built in 1924, the 40-unit property is located in the Hollywood submarket of Los Angeles, CA.
The property had not benefited from a substantial capital investment since original construction. Champion’s value add business plan included a comprehensive unit renovation program, modernization of the amenities, overhaul of the facade and implementation of a more sophisticated management and marketing system.