957 S. Broadway
Los Angeles, CA 90015
Project Description
Baruch Assets is currently raising equity for three (3) entitled ground-up towers in a prime location in the heart of Downtown Los Angeles. The three sites collectively hold over 1 million square feet for building and converting 854 multi-family units. The total budget for this project is $578 million. All the sites are surrounded by popular establishments such as Whole Foods, SoulCycle, the Jewelry District, Ace Hotel, Metro, and many more restaurants and businesses, all just blocks away. The acquisition cost for all four sites is $96 million, and an additional $450 million is required for building the 854 residential units and over 33,000 square feet of commercial space. Executive Summary: In the past 9 years alone, over $19 billion has been invested in office, retail, hotel, multifamily, and mixed-use developments and renovations in Downtown Los Angeles. This thriving market attracts top-quality tenants, and its demographics are exceptional, with an average household income of $123,000 and 81% of residents holding bachelor's degrees or higher. Main Hill Broadway aims to build modern and luxurious designs that provide serene living spaces for residents. Upon completion of construction, which is expected to take 3.5 years from the date of land acquisition, the three sites will have the potential to generate an annual Net Operating Income (NOI) of $45+ million and a combined Internal Rate of Return (IRR) of 13.9%. The condominium units on Main Street can be sold at an average price of $900+ per square foot, resulting in a Gross Development Value of $502 million. The apartment buildings on Hill Street and Broadway can be leased to tenants at an average rent of $4.67+ per square foot, generating an annual income of $19+ million.
Reasons to invest in the project 957 S. Broadway:
Main Hill Broadway aims to build modern and luxurious designs that provide serene living spaces for residents. Upon completion of construction, which is expected to take 3.5 years from the date of land acquisition, the three sites will have the potential to generate an annual Net Operating Income (NOI) of $45+ million and a combined Internal Rate of Return (IRR) of 13.9%. - The Financial District, Pershing Square, Metropolis, and the Flower Market are just a few miles away. ;
- The condominium units on Main Street can be sold at an average price of $900+ per square foot, resulting in a Gross Development Value of $502 million. ;
- The apartment buildings on Hill Street and Broadway can be leased to tenants at an average rent of $4.67+ per square foot, generating an annual income of $19+ million.
957 S. Broadway - Projected Gross Development Value
Property Information:
957 S. Broadway
Location
Los Angeles, CA 90015
Floor Area (sqft)
189,960 SF
Average Sale $/sqft
$1,195.00
Projected Gross Development Value: :
- Gross Development Value :$227,002,200
- Purchase Price:$21,000,000
- Development Cost: $84,200,000
- Residual Land Value : $121,802,200
Property Type
Property Type
Commercial
Land Size
20,663 SF | 0.47 AC
Estimated Construction Cost
$84,200,000.00
The property
Main Hill Broadway aims to build modern and luxurious designs that provide serene living spaces for residents. Upon completion of construction, which is expected to take 3.5 years from the date of land acquisition, the three sites will have the potential to generate an annual Net Operating Income (NOI) of $45+ million and a combined Internal Rate of Return (IRR) of 13.9%. The condominium units on Main Street can be sold at an average price of $900+ per square foot, resulting in a Gross Development Value of $502 million. The apartment buildings on Hill Street and Broadway can be leased to tenants at an average rent of $4.67+ per square foot, generating an annual income of $19+ million.
Frequently asked questions
The property investment platform is an online marketplace that connects investors with various real estate investment opportunities. It allows individuals to invest in properties such as residential, commercial, or rental properties.
Using a property investment platform offers several benefits, including access to a diversified portfolio of properties, the ability to invest with smaller amounts of capital, transparency in investment details, potential for passive income through rental properties, and the opportunity to participate in real estate appreciation and value appreciation over time.
Our property investment platform stands out due to its user-friendly interface, comprehensive property listings, thorough due diligence on investment opportunities, access to professional property management services, and a secure and transparent investment process. We strive to provide a seamless and rewarding experience for our investors.
In the unlikely event that the property investment platform goes bankrupt, there are mechanisms in place to protect investors' interests. Your investments are typically held in separate entities or special purpose vehicles (SPVs), ensuring that they are separate from the platform's assets. These structures provide a level of protection and continuity for investors, even in the event of the platform's insolvency.
Property investment platforms are subject to various regulations depending on the jurisdiction in which they operate. These regulations may include securities laws, anti-money laundering regulations, and investor protection regulations. As an investor, it's important to ensure that the property investment platform you choose operates in compliance with applicable laws and regulations.
To start investing in properties through our platform, you need to create an account, complete the necessary verification processes, and browse through the available investment opportunities. Once you find a property that suits your investment goals, you can review the details, including financial projections, risk factors, and terms of the investment. If you decide to proceed, you can invest the desired amount through the platform's investment portal.
THE PROPERTY:
Amenities: Roof Deck: 8,123 SF,Pool Deck Courtyard 6,406 SF Commercial Space
Standout Features:8,123 SF of Roof Deck Pool Deck Courtyard 6,406 SF Commercial Space Modern Design
Showing 505 properties
601 S. Main Street
Los Angeles, CA 90014
Left to invest
115d :
17h :
46m
0 Investors | $ 0 (0%)
$49,000,000 Goal
Annual Return
7.5% + 3%
Maximum Term
Months
Property Type
Commercial
Distribution
Commercial
Security
1st-Rank Mortgage
Left to invest
115d :
17h :
46m
920 S. Hill Street
Los Angeles, CA 90015
Left to invest
115d :
17h :
46m
0 Investors | $ 0 (0%)
$26,000,000 Goal
Annual Return
7.5% + 3%
Maximum Term
Months
Property Type
Commercial
Distribution
Commercial
Security
1st-Rank Mortgage
Left to invest
115d :
17h :
46m
957 S. Broadway
957 S. Broadway
Left to invest
115d :
17h :
46m
0 Investors | $ 1,14,196 (0%)
$21,000,000 Goal
Annual Return
7.5% + 2%
Maximum Term
Months
Property Type
Commercial
Distribution
Commercial
Security
1st-Rank Mortgage
Left to invest
115d :
17h :
46m
Los Angeles, CA 90068
Los Angeles, CA 90068
Left to invest
115d :
17h :
46m
0 Investors | $ 1,64,296 (0%)
$5,00,000 Goal
Annual Return
3.5% + 6%
Maximum Term
Months
Property Type
Commercial
Distribution
Commercial
Security
1st-Rank Mortgage
Left to invest
115d :
17h :
46m
Loading