An 8-10-unit, luxury apartment complex located in Los Angeles County
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Security Type: Series LLC Interests
Price Per Security: $2000.00
The Project will be an 8-10-unit, luxury apartment complex located in Los Angeles County. The project is planned to be completed in 2022. The apartment building approximately offers 7500-9000 SF of net rentable area. Out of 10 apartments, it is outlined to be 8 one-bedroom apartments and 2 two-bedroom apartments. Depends on the permitting condition, we might require to have one unit offered as an affordable option depending on the zoning of the property. The apartment complex will offer market-leading amenities for the residents. The community amenities will include a rooftop deck, outdoor kitchen with BBQ, and high-speed Wi-Fi in all common areas. In-unit amenities will consist of a washer and dryer, gas range, premium cabinets, quartz counter tops, hardwood floors, stainless steel appliances, tile bathrooms, central air conditioning, and Nest remote efficiency thermostats.
Series A project cost is estimated to be $ 4,500,000 including the acquisition of the lot, entitlement process, construction, and the development soft costs. Equity requirements can range from 25%-35% of the total project cost which translates into $1.2M to $1.5M. Amia Management LLC will provide the acquisition, property development, lease out, and disposition service for this project.
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