Built in 1989 as an apartment building, Vaughan Place is the high rise of the McLean Gardens area of Cleveland Park. The building offers studio, 1-bedroom and 2-bedroom models and has a fitness center, pool and concierge service.

Although you can purchase units in this building, there is also a leasing company renting out units in the building. When a single entity owns a large block of units in a building, the rations are such that FHA financing and conventional financing with PMI can be difficult if not impossible under the current lending regulations.