CASE STUDY:
Park Place Apartments
MULTIFAMILY ASSET RENOVATION
PARK PLACE APARTMENTS
Apartment Complex
1 & 2 Bedrooms
Multifamily Asset Renovation
Budget: 1.1 Million
A well-positioned asset in Canoga Park, CA, The Park Place Apartments held the potential to command higher rents through an extensive makeover. JDC was charged with taking this rustic ranch style building that had been an eyesore in the community for years and creating a completely new contemporary European look, all while the building was fully occupied.
DETAILS
- Park Place Apartments
- 8700 Desoto Avenue, Canoga Park, CA 91304
- Province Group/Newport Equities LLC
- Originally built in 1987
- Contemporary European Property Style
- 61 Units
- Project completed in December 2012
FEATURES
- Pool & spa
- Tennis courts
- Fitness center
- 9 ft ceilings
- 4 BBQ areas
- Patios/Decks
- Controlled access
- Laundry rooms
SCOPE OF PROJECT
New roof; replacement of all exterior windows; removal of all existing siding and replacing with metal lath and stucco; new EIFS details on exterior; new exterior trellis on front elevation; new stucco overlay on interior courtyard.
Major Challenge(s): Taking a rustic ranch style building that had been an eyesore in the community for years and creating a completely new contemporary European look that not only distanced itself from the past, but made it the most hip new building in the area; the entire project was completed in a fully occupied building.