Los Angeles, California--(Newsfile Corp. - October 14, 2024) - VF Developments, LLC, a minority and female owned and run company, has completed unit reconfigurations and renovations on two- and three-bedroom units at "920 Everett", a 2000s built modern style multifamily property. The community is located in the highly desirable Victor Heights neighborhood in Los Angeles, California. Victor Heights is a hillside area just north of the city of Los Angeles and near Chinatown with sweeping views of downtown LA. The apartment homes are feature on the property manager Drake Real Estate Group's website - https://www.drakereg.com/for-lease.

Three-Bedroom Multifamily Units

Victoria Vu, a renowned designer and Managing Partner of VF Developments, LLC carefully designed and restored the rental homes. Ms. Vu was formerly a leading Halloween costume designer and is a graduate of the prestigious Fashion Institute of Design & Merchandising. All units have stunning views of the Downtown Los Angeles skyline. These luxury rental homes feature keyless entry door locks to spacious two- and three- bedroom floor plans with newly modernized kitchens, bathrooms and in-unit washer and dryers. The kitchens boast white stone quartz countertops with brand new self-closing cabinetry and high-end stainless-steel Whirlpool refrigerators with matching gas cooktop with oven and microwave. Bathrooms have been enhanced with new bathtubs and glass shower doors with designer touches. The apartment homes are separately metered with 10 onsite parking spaces. 920 Everett Street has a Walk Score of 87 out of 100 - a Very Walkable location so most errands can be accomplished on foot. This location is in the Greater Echo Park Elysian neighborhood in Los Angeles.

Three-Bedroom Multifamily Units in Chinatown, Los Angeles

James Kemple, owner of Patriot Painting & Construction Inc., performed the role of general contracting services and performed the interior renovations. He noted "We have worked very hard to renovate these units to offer to our new incoming residents. We enjoyed the transforming these units into modern day living spaces. The team that completed the renovations on the units were entirely locally based minority vendors, employees, and contractors. We are proud to create jobs in the Chinatown area for minorities, significantly improve the community, and provide more affordable housing."

This downtown Los Angeles modern two-story garden walkup in Victor Heights has six spacious two- and three-bedroom two bath units. Victor Heights is a small hillside neighborhood in downtown LA located east of Echo Park, northeast of Angeleno Heights, southwest of Elysian Park, and northwest of Chinatown. Located just down the street from Everett Park and around the corner from The Elysian, a William Pereira-designed mid-century office building repurposed and transformed with 91 luxury live/work suites and two-story penthouses. Victor Heights is bounded by Sunset Boulevard on the south, 110 freeway and Chinatown on the east, Stadium Way on the north, and Marview Avenue on the west. A video of the community and location can be seen here - https://www.youtube.com/watch?v=I3RowFLnvR4&t=20s.

Victoria Vu commented, "We are excited to complete the renovation on 920 Everett Street, bring the property to market, and lease it up to provide much needed affordable housing to the city of Los Angeles. We just hit the market for preleasing and have experienced incredible interest. We also plan to build an ADU (accessory dwelling unit) building in the large parking area with a very affordable rent. As a first generation American we strive to enhance the communities around us and create modern living spaces for our residents."

VF Developments, LLC acquired the Los Angeles multifamily property located at 920 Everett Street, Los Angeles, California with the plan of repositioning and adding capital improvements. Originally built in 2000, VF Development's improvements included enhancements to exterior redesign to enhance the simple clean lines of modern architecture. These improvements include new wood exterior façade, new exterior paint, landscaping with bright white rocks and succulents and completely restored and upgraded interior finishes.

Kim Vu added, "We are excited to complete this major apartment renovation in the Chinatown area of Los Angeles and bring these units to market to welcome in our new residents. The apartment homes are high-quality finished with the added convenience of in-unit washer and dryers. Plus, the views of the downtown Los Angeles are spectacular with everything that LA has to offer being a very short drive or walk away."

About VF Developments:

VF Developments, minority and female owned and run company, has acquired over $69 million in multifamily properties since 2015 totaling 40 properties and 256 units with many around USC and Downtown LA. These stunning building transformations are featured here on Instagram: https://www.instagram.com/vfdevelopments.

VF Developments strives to provide neighborhoods in gentrifying areas of Los Angeles and Orange County Class A building design finishes at accessible and affordable market rents to future tenants. VF prides itself with the opportunity to create modern living to add value to its communities. With properties ranging from condominiums to multifamily residences in gentrifying areas throughout the greater Los Angeles area and Orange County region. VF manages a multitude of processes including finding unique, off market opportunities, syndicating properties, overseeing renovations, and using unique architecture and interior compositions transforming distressed properties into contemporary, market-ready homes and apartment communities. VF seeks value-add investment opportunities and creates significant value for clients and investors.

VF Developments is an entrepreneurial company specializing in acquiring, renovating, and managing multifamily properties in Los Angeles and Orange Counties. The company targets under-performing and mismanaged multifamily properties in gentrifying areas of these counties. VF also completes significant renovations that modernize and transform dated properties into cutting edge, high quality, best in class living environments - ultimately creating substantial value enhancement for its investors. Videos of the stunning communities can be seen here - https://www.youtube.com/@vf-developments.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226583