The Nobb is a 63-unit multifaily development ocated in the Westlake submarket ofLos Angeles CA. The project is situated on a 0.3 acrecorner lot at 6″ Stret and Westlake Avenue and located 0.2 miles from the Westlake/MlacArthur Park Metro Station near Koreatown.Theseven-story building wil consist of five-levels of Type-ll construction over a two-level Type-I podium parking structure with 33 spacesand 70 bike stalls,The Nobb contains 52 market rate and 11 affordable units with a unit mix f studios (26 du/41%), on-bedrooms (24du/38%), and two-bedrooms (13 du/21%), The project also includes 6,000 sq.ft. of ground floor retail along Westlake Avenue and 6h Streeta major thoroughfare with high traic, The development includes several attractive amenities. such as a rooftop deck with outdoor movittheater and firepit,fitess center and car sharing program, The project broke ground in 04 2019 and is scheduled for completion by 042020. The total project budget is S25.5M with a proforma yield on cost of 5% and exit value of S33.7M The project-level returms areforecast at 25% IRR and a 2.5x MOIC.