626 N Wilton Pl
Los Angeles, CA 90004

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.