Investment Highlights
- Strong Amenity Package: The Property offers excellent on-site amenities for a boutique style asset including a fitness center, package receiving room, resident lobby, co-working spaces, etc
- Exceptional Walkability: LUCA's location has a 93 Walk Score (walker's paradise) and 71 Bike Score (very bikeable), both crucial to driving demand at co-living apartment buildings.
- Walking Distance to the New Wilshire/La Cienega Station: Residents are within a 10-minute walk of the Metro D Line station at Wilshire & La Cienega that is scheduled to open in early 2026.
- Proximity to Major Shopping, Dining, & Entertainment Corridors: The Property is just one block from the Beverly Center and popular retail and dining along 3rd Street and proximate to some of the best shopping, dining, and entertainment in the region including the golden triangle, the sunset strip, restaurant row, and miracle mile.
- Ideal Demographics for Co-Living: Beverly Grove's $150,049 average household income is 37% higher than the City of LA average. Furthermore, 74% of the population are renters, 73% of the population are college educated, and 48% of the population are between the ages of 20 and 44, the prime renter cohort.
- Substantial Discount to Unfurnished Studios in the Immediate Area: Luca offers residents a furnished private suite, with internet and utilities included, at a price point that is 25-50% lower than an unfurnished studio unit with no services included at new construction comparables in the Beverly Grove submarket.
- Notable Employers Driving Demand at LUCA: Current residents at LUCA work at a diverse set of notable organizations such as: Cedars-Sinai Medical Center, Petersen Automotive Museum, Houlihan Lokey, UCLA, Yelp, Disney, Salesforce, Deloitte, Wells Fargo, Amazon, Gersh, Western Alliance Bank, Marriot SLS Hotel, & Live Nation.
- Potential to Augment Revenue Through Alternative Operating Strategies: LUCA's proximity to Cedars-Sinai and Los Angeles area colleges & universities offers investors additional untapped demand streams to further enhance the revenue stream.
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Luca Beverly Grove
