2208 W 8th St
Los Angeles, CA 90057

The William Penn Apartment Homes building in Westlake is a rare gem of history in Los Angeles. Built in 1928 in the Beaux Arts architectural style, the building previously housed the William Penn Hotel, a luxury hotel accommodation popular amongst the ever-growing jet-set of vacationers enamored with California’s idyllic Mediterranean climate. Today, the William Penn Apartment Homes maintains the old-school elegance of its early 20th Century history. To date, 74 units have been renovated to upgrade flooring, kitchen appliance packages, electrical and plumbing fixtures, and window coverings. Renovated floorplans are achieving rents as much as 40% to 50% higher than rents for comparable unrenovated floorplans. The William Penn, which operates at 95% occupancy, is a rare opportunity to acquire an apartment building of scale with significant upside potential in one of the most dynamic, densely populated, culturally rich areas of Los Angeles.