investment

Remaining Time For Funding (Ends on 31/01/2021 06:10 am)

West Los Angeles, Orange County

123 Street, abc road, xyz, (View on Google Maps)

Investment Strategy Summary

80-120 Unit Apartment Complex

 

The second tier investment will be focused on 80-120 unit apartment building. This project would be the gateway to large scale commercial real estate development market. This project is designed with the intention to fulfill multiple objectives. First, for sizable commercial development, AMIA investment team need to work with multiple resources and perform financial and development feasibility study. Permitting and entitlement process in City of LA/ Orange county and County of LA is becoming overly challenging to acquire therefore selection of planning team is very important. AMIA Investment would be responsible for entitlement of the project. Due to size of the project AMIA Engineering would have a great chance to collaborate with a high profile Architect/Engineer and Interior designing team for planning of the project.  Construction team will be brought early on to the project to work closely with planning team. During the construction, AMIA Investment in house consultants would further expand their experience to work with the construction management team as a developer representative and after construction, the collaboration with tenant and building and maintenance management and asset management as a whole would be a necessity for starting the larger and more comprehensive future project 2.

Overview of the Apartment Complex

This development project will be planned for major metropolitan area with high resident density, stable rental market. The development will target young professionals and will be packed with dazzling amenities and features that demographic of young professional and small families with average income level are demanding. Construction type would be similar to conventional Mixed Use/Multifamily developments with 2 story subtraction parking garage, one story lobby, gym, pool and amenities and retain and 5 story wood framed apartments above first level concrete podium.

 

Amenities and Common Spaces

Amenities have grown in popularity so much over the past decade that renters will opt for smaller units if they feel they can make up for the loss of personal space by spending time using well-designed community spaces.

Amenities and common spaces would attract young professional tenants, These amenities can easily increase the rent value of the asset up to 25% which due to planning constraint, the rent-able area are already maxed out. Dazzling top of the line amenities would warrant lower vacancy rates compared to similar apartment complex without luxuriously defined common spaces.

 

Unit Interiors and Features

 

Unit layout percentage would be as : up to 50% studio and 1 bedroom, 30-35% two bedrooms and 15-20% 3 bedrooms and above. Unit interiors will be sleek, modern and up to latest trends in the competitive Los Angeles rental market. Unit  Some of the main features can be summarized as:

Unit Interiors

  • Large, open-concept living areas with ten-foot high ceilings
  • Energy efficient, impact resistant windows and doors
  • Large open-air terraces with tile flooring
  • Solid-core eight-foot high interior doors
  • Eight-foot high sliding glass doors and exterior doors
  • Contemporary, lever-style door hardware
  • Eight-inch clean-lined baseboard
  • Separate laundry room with high-capacity front load washer and dryer
  • Quality recessed lighting in kitchens and baths
  • Electrical boxes in bedrooms, foyer, living and dining areas for convenient decorative light and fan installation
  • 16.5 SEER high-efficiency, variable speed fan, air conditioning system with user-friendly, fully programmable thermostat Rectified-edge porcelain tile flooring in main living area, kitchen, baths and laundry room in sizes up to 24” by 24”
  • Smooth walls with finish paint throughout
  • Centrally located water distribution system, lowering energy costs and reducing water waste
  • Fire protection sprinkler system
  • Voice and data lines at multiple locations
  • Modern switches and outlets throughout

 

Kitchen

  • Open kitchen design with large working islands
  • Dynamic stainless-steel kitchen appliances, including counter-depth French door refrigerator, microwave/hood combination oven, 5-element freestanding range and dishwasher with concealed controls
  • European frameless construction, full-overlay cabinetry with 42” upper cabinets and a variety of door profiles, finish selections and hardware
  • Large stainless steel under-mount sink with pull-out spray faucet for ease of use
  • High-end granite and quartz counter-top options

 

Bathrooms

  • 36” vanity height
  • Comfort-height, elongated toilets in all baths
  • Glass shower enclosures (not provided on tub/shower combinations)
  • Master bathrooms include dual sink, composite marble countertops, large shower with bench seat, soaking tub (per plan) and separate water closet room

Private Project Documentation

Details

Funding Date

27/09/2021

Deal size

40M to 60M

Investors That Have Reviewed This Project

0

Private Project Details

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