esperanza-at-duarte-station

1700 Fasana Road | Duarte, CA 91010

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1700 Fasana Road, Duarte, CA 91010

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada. © 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

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3121 Michelson Drive, Suite 400 Irvine, CA 92612

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ALLAN FREEDMAN

Senior Managing Director Alan.freedman@berkadia.com 310.209.3243

ED KIM

Managing Director Edward.kim@berkadia.com 949.622.9252

CHELSEA JERVIS

Managing Director DRE# 01964154 949.244.9810 chelsea.jervis@berkadia.com

CJ ANGLE

Managing Director DRE# 02074015 949.573.0931 cj.angle@berkadia.com

RYAN FITZPATRICK

Senior Managing Director DRE# 01314070 714.614.7002 ryan.fitzpatrick@berkadia.com

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Berkadia, as exclusive advisor, is pleased to present for sale Esperanza at Duarte Station (“Esperanza” or the “Property”), a 344-unit, Class A transit-oriented apartment community located in the City of Duarte in Los Angeles County. Completed in 2023, the Property offers modern apartment homes and a thoughtfully curated, high-end amenity set, distinguishing it as the San Gabriel Valley’s premiere luxury rental property. Additionally, the Property is strategically positioned steps from the Duarte / City of Hope Gold / A Line Station providing accessible transit throughout LA. Directly across the street is the City of Hope, one of the largest and most advanced cancer research and treatment organizations in the United States. The 100+ acre campus is in the middle of a $1B expansion, bringing thousands of additional high paying jobs to Duarte further enhancing the local economy. Esperanza at Duarte Station plays a significant role in the development of the Duarte Station Specific Plan, which continues to transform the area into a vibrant mixed-use transit village that integrates residential spaces, office environments, hospitality venues, and urban green spaces. In the underserved San Gabriel Valley market, where there is only one Class A apartment unit for every ±364 residents, Esperanza offers investors a rare opportunity to acquire one of the few newly built apartment communities in the region. The Property’s strategic location provides residents with access to rapidly growing employment corridors in Southern California, while offering a high-quality suburban lifestyle and excellent connectivity to key urban centers.

Best-In-Class Product: Esperanza at Duarte Station offers a contemporary and comfortable lifestyle for renters, rooted in its thoughtfully designed amenities. The award-winning design seamlessly blends Spanish influences, connecting the Property to Duarte’s rich history and culture. Esperanza’s amenity set is highlighted by an expansive rooftop deck with stunning views of the San Gabriel Mountains, featuring a resort-style pool and spa, an indoor/outdoor fitness center, outdoor courtyards, and a rooftop casita with an entertainer’s kitchen. The Property also boasts a variety of other amenities, including a bodega and cantina for communal entertainment, co-working space, and a dog spa. Spacious and modern floorplans are equipped with high-end finishes and state-of-the-art appliance packages, offering residents a luxurious and comfortable living experience. Desirable Transit-Oriented Development: Esperanza is strategically located on the Metro A Line (formerly known as the Gold Line), just steps from the Duarte/City of Hope Station, offering residents exceptional accessibility. The A Line connects downtown Los Angeles to Azusa, and the upcoming $1.5 billion Foothill Gold / A Line extension will further enhance connectivity East to Montclair. This transit access is vital for reaching major employment hubs and supports economic mobility for young professionals and millennials transitioning from higher-density urban areas in Los Angeles. Esperanza provides easy access to vibrant city life while serving as a gateway to suburban opportunities, appealing to those seeking a balanced lifestyle. City of Hope: Located within a 10-minute walk to the prestigious City of Hope in Duarte, Esperanza benefits from its proximity to a leading cancer research and treatment center renowned for its medical innovation. City of Hope is undergoing significant expansion, with plans to add over 1,500 new employees, further solidifying its role as a major healthcare hub. Over 20% of the residents at Esperanza are employed in healthcare, many directly at City of Hope. This institution’s reputation for excellence and continuous growth attracts top-tier professionals and fosters a vibrant community dedicated to advancing medical research and patient care. Access to Major Employment Centers: Esperanza’s proximity to major transportation arteries, such as Interstate 210 and Interstate 605, provides residents with convenient access to key and rapidly growing employment corridors in Southern California. Duarte offers strategic access to key job centers, with Pasadena excelling in technology and research, Glendale in entertainment, Downtown LA in finance and legal services, and Arcadia in retail and healthcare. Strong In-Place Demographics: Residents at Esperanza have an average household income of over $150,000, which is 4.3 times the average in-place rent, resulting in a healthy rent-to-income ratio of just 23%. 88% of residents work in white collar industries, including Medical/Healthcare (20%), Science/Tech/Engineering (9%), and Professional Management (7%). With 70% of Esperanza residents aged between 20-40, there is proven demand from young professionals further demonstrating the durability of rents and the potential for significant future rent growth. Rarity of Product in an Underserved Rental Market: In the greater San Gabriel Valley, 80% of apartment communities were built before 2000, resulting in a significant shortage of new, luxury product. This is particularly true in Duarte, where a majority of the housing stock features 8-foot ceilings and often lack modern amenities such as in-unit washer/dryers and central HVAC systems. Consequently, the market is underserved, with only one Class A apartment unit available for every 364 residents. Esperanza offers a unique opportunity for investors to acquire one of only three properties that were built after 2000 in Duarte. With its expansive amenity set and thoughtfully curated design features, Esperanza provides an unparalleled housing opportunity to the high-earning cohort of residents in Duarte.

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MARY ANN KING

Co-head of Berkadia Institutional SolutionsCA DRE #01188651949.242.4070maryann.king@berkadia.com

BRETT BETZLER

Senior Managing DirectorCA DRE #01330214949.981.1196brett.betzler@berkadia.com

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