AMIA Investment

AMIA Investment

An 8-10-unit, luxury apartment complex located in Los Angeles County

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Amount Raised: $274,500
Security Type
Other
Categories
Real Estate
Min Investment
$2,000
Location
LOS ANGELES, CA
Offering Date
January 11, 2021
Expected Close Date
January 01, 2023
Target Raise
$2.00K-$2.00M
Security Price
$2,000
Deal Notes

Security Type: Series LLC Interests

Price Per Security: $2000.00

Number of Employees
2
Cash
$0
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$0

Company Description

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.

Use of Proceeds

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.

Security Description

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