A 538-Bed, Suite-Living Portfolio

Your organization has an opportunity to provide housing immediately to your community members.

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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.

1 Tackling the Housing Crisis, by Edward Kung & Stuart Gabriel, dated 5/11/2023



Property Neighborhood Construction Status Suites Beds Stories Parking
01 4339 Berryman Avenue Mar Vista Projected completion in Q4 2024 28 156 4 55
02 4367 Berryman Avenue Mar Vista Projected completion in Q4 2024 21 126 4 48
03 8833 Reading Avenue Westchester Projected completion in Q4 2024 33 124 5 25
04 626 Wilton Place East Hollywood Projected completion in Q1 2025 25 132 4 48


4339 BERRYMAN AVE

Property Details

ADDRESS 4339 Berryman Ave, Los Angeles, CA 90066
PROJECT DELIVERY Q4 2024
NEIGHBORHOOD Mar Vista
TOTAL NO. OF UNITS 28
TOTAL NO. OF BEDROOMS 156 (150 bathrooms, 96% bath to bed ratio)
STORIES 4
PARKING 55 stalls
BUILDING SIZE 82,000 GSF
UNIT MIX 6-Bedroom Unit : 20
5-Bedroom Unit : 6
3-Bedroom Unit : 2

Property Highlights

  • Multiple common areas that build a sense of community and togetherness
  • Close proximity to multiple public transportation options, providing ease of access to potential places of work
  • A 2-story, 2,500 square foot community room and exterior deck available for resident use
  • 55 total parking spots, with six EV charging stations located on-site

Site Plan



4367 BERRYMAN AVE

Property Details

ADDRESS 4367 Berryman Ave, Los Angeles, CA 90066
PROJECT DELIVERY Q4 2024
NEIGHBORHOOD Mar Vista
TOTAL NO. OF UNITS 21
TOTAL NO. OF BEDROOMS 126 (126 bathrooms, 100% bath to beds ratio)
STORIES 4
PARKING 48 stalls
BUILDING SIZE 62,000 GSF
UNIT MIX 6-Bedroom Unit : 21

Property Highlights

  • Multiple common areas that build a sense of community and togetherness
  • Close proximity to multiple public transportation options, providing ease of access to potential places of work
  • Recreation room and open space provided within the building
  • 48 total parking spots, with five EV charging stations located on-site

Site Plan



8833 Reading Ave

Property Details

ADDRESS 8833 Reading Ave, Los Angeles, CA 90045
PROJECT DELIVERY Q4 2024
NEIGHBORHOOD Westchester
TOTAL NO. OF UNITS 33
TOTAL NO. OF BEDROOMS 124
STORIES 5
PARKING 25 stalls
BUILDING SIZE 59,000 GSF
UNIT MIX 6-Bedroom Unit : 1
5-Bedroom Unit : 9
4 Bedroom Unit : 12
3-Bedroom Unit : 6
2-Bedroom Unit : 2
1-Bedroom Unit : 3

Property Highlights

  • Multiple common areas that build a sense of community and togetherness
  • Close proximity to multiple public transportation options, providing ease of access to potential places of work
  • Lounge area for visiting guests located on ground level of the building
  • 25 total parking spots available, with two EV charging stations on-site

Site Plan



626 Wilton Pl

Property Details

ADDRESS 626 Wilton Pl, Los Angeles, CA 90004
PROJECT DELIVERY Q1 2025
NEIGHBORHOOD East Hollywood
TOTAL NO. OF UNITS 25
TOTAL NO. OF BEDROOMS 132 (132 bathrooms, 100% bath to bed ratio)
STORIES 4
PARKING 48 stalls
BUILDING SIZE 65,000 GSF
UNIT MIX 6-Bedroom Unit : 3
5-Bedroom Unit : 22

Property Highlights

  • Multiple common areas that build a sense of community and togetherness
  • Close proximity to multiple public transportation options, providing ease of access to potential places of work
  • Recreation room with six private offices to service business, group or schoolrelated activities
  • 52 total parking spots available, with three EV charging stations on-site

Site Plan

LOS ANGELES IS A
TREND-SETTING
GLOBAL METROPOLIS

Location

The biggest city in California and the second most populous city in the United States, bustling Los Angeles is home to renowned museums, diverse culture, unique experiences and 75 miles of sunny coastline.

Los Angeles has something for everyone: flourishing multicultural neighborhoods, acclaimed restaurants, and trend-setting art and fashion scenes. LA's cultural attractions are second to none, whether it's the Space Shuttle Endeavour, Walt Disney Concert Hall, the Getty Center, or art galleries and urban art. LA is truly the entertainment capital of the world with its legendary studios, thriving nightlife, and renowned theatre productions. Sports fans know LA is the city of champions, while active Angelenos can explore 75 miles of coastline and hundreds of miles of bike and hiking trails.

As the second most populous city in the United States and a hub of esteemed schools like UCLA, Loyola Marymount University, and USC, living in LA is a dream for many. However, the city's popularity has led to a strain on residents and community organizations, as finding affordable housing in a desirable location is a challenge, with a 3.3% rental vacancy rate as of December 2023.

3.3%

RENTAL VACANCY RATE

#12

CITY WITH LOWEST RENTAL VACANCY

4M+

CITY OF LOS ANGELES POPULATION

City Transit

While Los Angeles is famously known for its carcentric culture, the city has actively worked to expand reliable public transportation. Downtown Los Angeles is serviced by an extensive network of public transportation options, including the Metro rail lines, such as the Red and Purple lines, which provide convenient access to key destinations throughout the city and beyond.

Additionally, an extensive bus network operated by the Los Angeles County Metropolitan Transportation Authority (Metro) offers reliable and affordable transit options for commuters navigating downtown.

The area is additionally served by major highways and thoroughfares, facilitating easy access to neighboring communities and regional destinations. With ongoing investments in infrastructure and transportation initiatives, Downtown Los Angeles continues to prioritize accessibility and connectivity, ensuring seamless mobility for all who traverse its bustling streets.

MEET THE K LINE

The K Line, also known as the Crenshaw/LAX project, is expected to be completed in 2024. It will connect the E (Expo) Line via the Crenshaw Corridor through Inglewood to the C (Green) Line near Los Angeles International Airport. This 8.5-mile light rail expansion includes nine stations, seven of which have been completed, and two are under construction.

Due Diligence

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