4339 Berryman Ave, Los Angeles, CA 90066
4 Multifamily Properties in Los Angeles, CA
For Sale
Active
4 pictures
- Property Type
-
Multifamily
- Square Feet
- 163,573 SF
Listing Contacts
Chris Giordano
George Crawford
Phillip Taggart
Property Overview
The members of your community need housing, and their housing needs are immediate. In Los Angeles, housing is scarce and expensive and the cost of building new multi-family housing from the ground up can be prohibitively expensive and time-consuming.
The time to develop a new multifamily building project in Los Angeles is a multi-year undertaking. From initial application through completion, the average multifamily project runs 3.9 years, according to a 2023 study published by the Los Angeles Building Council. Approvals account for 1.5 years, and construction accounts for 2.4 years.¹ How valuable are those four years to the members of your community?
A more immediate solution for mission-driven organizations, housing agencies, and enterprise companies who aim to provide housing for their communities would be to gain control of new construction before it becomes occupied. One organization, as seen on the following pages, recently accomplished this objective by acquiring two newly constructed or renovated assets for use by community college students in Los Angeles. We are proud to bring to market a portfolio of newly constructed suite-living apartment buildings that are
also focused on housing members of communities that share a common vision and mission.
Kidder Mathews is pleased to present a 538-bed suite-living portfolio well-located in the City of Los Angeles. The portfolio is available in its entirety or as individual assets, with expected completion dates in Q4 2024 and Q1 2025. The immediate timing of these completion dates will solve a years-long problem that your organization will not need to face.
The time to develop a new multifamily building project in Los Angeles is a multi-year undertaking. From initial application through completion, the average multifamily project runs 3.9 years, according to a 2023 study published by the Los Angeles Building Council. Approvals account for 1.5 years, and construction accounts for 2.4 years.¹ How valuable are those four years to the members of your community?
A more immediate solution for mission-driven organizations, housing agencies, and enterprise companies who aim to provide housing for their communities would be to gain control of new construction before it becomes occupied. One organization, as seen on the following pages, recently accomplished this objective by acquiring two newly constructed or renovated assets for use by community college students in Los Angeles. We are proud to bring to market a portfolio of newly constructed suite-living apartment buildings that are
also focused on housing members of communities that share a common vision and mission.
Kidder Mathews is pleased to present a 538-bed suite-living portfolio well-located in the City of Los Angeles. The portfolio is available in its entirety or as individual assets, with expected completion dates in Q4 2024 and Q1 2025. The immediate timing of these completion dates will solve a years-long problem that your organization will not need to face.
Highlights
- Each property includes either a rooftop patio or ground floor courtyard.
- With 350+ miles of bike lanes and paths in the city, residents can make use of the property's secure, on-site bicycle parking.
- Lounge area for visiting guests located on ground level of each building.
- On site parking spots available, along with EV charging stations.
All available spaces
- Space
- Size
- 53,502 SF
- Space Subtype
- Multifamily
- Space
- Size
- 59,714 SF
- Space Subtype
- Multifamily
- Space
- Size
- 45,193 SF
- Space Subtype
- Multifamily
- Space
- Size
- 5,164 SF
- Space Subtype
- Multifamily
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].