California Landmark Group is including co-living units in its latest 68-multifamily-unit project: C1 in Marina del Rey’s arts district. The project will feature 51 market-rate units, with a mix of studio, one- and two-bedroom configurations, and 17 fully furnished co-living units, making it the largest co-living project in Los Angeles to date.
Ken Kahan, president of California Landmark Group considers that one way to address the affordability gap is through co-living. Co-living units are much more maintenance intensive and require a different business plan in terms of design, financing, marketing, and property management. The C1 co-living units will be managed by Starcity.
Kahan says: “Creating fantastic communal spaces is the key to making the building successful in the very long term. There are many challenges including ensuring that we properly address the unique needs of co-living tenants. For instance, we provide housekeeping for shared areas such as kitchens and living rooms. Tenants in co-living units need to be compatible with each other. When they are not compatible we need to make sure we can address any possible issues. Finally, we need to make sure both the renters in the co-living units and the apartment unit utilize the building in a cohesive manner”.
C1’s co-living units will average 1,650 square feet with three to six bedrooms and a choice of shared or private bathrooms. Private suites are furnished and come with a bed, dresser, and nightstand.
Example of one of C1 Co-living floor plans with 4 private suites and
shared kitchen, living, and two bathrooms.
Common areas in the units will be maintained by management: shared bathrooms, fully equipped modern kitchen, living and dining areas, rooftop patio, among others. These are shared between 5-8 other suites. All members enjoy amenities such as the courtyard, fitness center, and common deck. The suites start at $2,150 per month and the term length can be 3, 6 or 12 months.
Starcity membership includes:
• All utilities: High-speed internet, electricity, gas, water, trash — all that stuff • Communal spaces you’ll want to hang out in. Well-designed, furnished features with new appliances • Fully-furnished private room (queen or full-sized bed, comfy linens, nightstand, dresser, reading lamp).
Weekly cleaning services • Community events to connect, explore the city, and bond • Netflix, HBO, Spotify, and all the tech (communal TV, sound system) you need to enjoy them.
For more information you can email C1leasing@clgmanagement.com or call at (310) 929-7699.
Sources:
https://www.californialandmark.com/properties/c1/
https://starcity.com/communities/marina-arts
https://starcity.com/communities/marina-arts/coliving https://www.globest.com/2019/01/09/the-largest-co-living-project-yet-in-l-a/
https://starcity.com/faq