Company Description
THE PROJECT
The Chesapeake multifamily project is a 19-unit, luxury apartment complex located in a highly expanding neighborhood of Los Angeles. The location benefits from proximity to public transportation, major job markets, and world-class shopping and dining stores of West Los Angeles, Culver City and Marina Del Ray
The project is planned to be completed by Q3 2024. The apartment building offers 14000 SF of net rentable area with a balanced unit mix of 5 studios, 9 one-bedroom, and 5 two-bedroom apartments.
The community amenities include electric vehicle charges, bicycle racks, and trash shoots. In-unit amenities consist of a washer and dryer, gas range, premium cabinets, quartz countertops, hardwood floors, stainless steel appliances, tile bathrooms, central air conditioning, and Nest remote efficiency thermostats for the convenience of the residents.
PROJECT TEAM
AMIA Investment relies on the invaluable relationships it has established with leaders throughout the planning, financing, and development sectors. These bonds are critically important to the Company's success in the future. These relationships combined with the planning, engineering, and construction insight of the founders and knowledgeable partners accompanying AMIA Investments throughout the development process. This translates into reduced development risk and project higher returns for our investors.
With more than 20 years of planning experience through leadership and support from a team of highly talented professionals, AMIA Investments is seeking to become one of the leading property development and asset management companies in Southern California.
www.amiaengineering.com
www.amiainvestments.com
PROJECT FINANCIALS
Series A project development cost is estimated to be $ 6,000,000+ including the acquisition of the lot, entitlement process, construction, and the development soft costs. Equity requirements can range from 35% of the total project cost, which translates into $2.1M+. Amia Management LLC will provide the acquisition, property development, lease out, and disposition service for this project. After disposition, Investor profit will be distributed according to the waterfall distribution mentioned in the private placement memorandum.
