The members of your community and workforce need housing, and their housing needs are immediate. In Los Angeles, housing is scarce 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 universities, mission driven organizations, and corporations who aim to provide housing for their communities and workforces would be to gain control of new construction. One organization, as seen on the following pages, 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 co-living apartment building designed for housing members of a community that shares a common vision and mission. 1405 N Hudson Ave is a 36-bedroom co-living property located in Hollywood. The immediate availability of this multifamily property will solve a years-long development problem for your organization