Property Detail

Description

Exceptional development site with fully RTI plans for a 40-bedroom, 40-bathroom co-living duplex plus attached ADU, totaling 12,083 sq. ft. across three separate addresses. Situated on a 6,411 sq. ft. lot with alley access, this project is located within an Opportunity Zone (LARD2 zoning), offering significant tax advantages for investors. The property's design, created by one of the leading architects in the co-living sector with an extensive track record of completed projects, maximizes the allowable buildable square footage. Each unit features its own kitchen and laundry hookups, with a total of 3 kitchens, 3 laundry areas, and multiple shared living spaces. Bedrooms are thoughtfully designed at approximately 12' x 12.9", each with a private bath. The ADU includes ADA-compliant bathrooms and slightly smaller bedrooms, making the property fully inclusive.Located less than a mile from USC, the Metro E-Line, and Exposition Park, this site is ideally positioned to capture strong rental demand. With Padsplit (the "Airbnb of co-living") recently entering the LA market, the timing for co-living development is prime.A turnkey opportunity for contractors, builders, and investors to capitalize on the growing demand for modern, affordable co-living housing in Los Angeles. Rental price for each bedroom is approximately $1,250/Month, which is $50,000/Month at 100% full occupancy.