210 Micro-Unit Deal In Koreatown

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Available for acquisition is a fully entitled, shovel-ready multi-family development in Koreatown, Los Angeles. Site preparation—including excavation and dewatering—has already been completed. Strategically located in one of Los Angeles’s vibrant, densely populated, and desirable submarkets, the project qualifies for Opportunity Zone tax advantages. Upon completion, the seven-story urban infill development, “MILES at Vermont,” will deliver thoughtfully designed, aspirational yet attainable housing to the community.

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Project Highlights
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• There are 80 apartments, which consist of 40 studios and 40 pods. This makes a totalof 210 rentable spaces, comprised of 40 studios and 170 fully furnished micro-units. There are 53 parking spaces. 8 units are affordable – 4 studios and 4 pods. Those couldbe rented to Section 8. 

• Efficient design: Each micro-unit integrates areas for dining, living, and sleeping, along with a private bathroom and the Kitchens are shared. All units delivered fully furnished (included in construction costs) with Innovative design meets growing demand for flexible, furnished rental housing, driving higher net operating income.