SOUTH BAY DIGS | Digital Edition Online

August 23, 2024

DIGS is the premiere luxury real estate lifestyle magazine serving the most affluent neighborhoods in the South Bay and Westside of Los Angeles, California.

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Construction Begins Q2 2025: Construction Completion Stabilization Q4 2026: Q2 2027: To date, $3.75 million has been spent on entitlements and land control. The next $1.25 million will cover land acquisition, notes payable, and construction documentation. The investment is expected to yield a 3.0x equity multiple and a 17% internal rate of return over five years. INVESTMENT OPPORTUNITY Current rental rates for studios in this area are $3,100 per month. With local cap rates at 3.7% and a shortage of institutional mid-market build-to-rent multifamily projects due to high entry barriers, the demand for such developments remains very high. After a five-year effort, we have secured entitlements for the Catalina Village project. We have assembled a top-tier team of design and engineering professionals to prepare compre hensive construction drawings. We anticipate completing the plan check and obtaining permit approval within 9-12 months, aiming to start construction in Q2 2025. Offering: $1.3M of LP equity •Minimum Investment: $50,000 (Accredited Investors Only) •Investment Class: Class B (Second Position) •IRR (5-yr): 17% •Equity Multiple (5-yr): 3.0x DETAILS Catalina Village, located in Redondo Beach's South Bay area, offers 32 well-designed units that redefine coastal living and convenience. The development is near ocean view parks, King Harbor, Redondo Pier, and Hermosa Beach Strand. Building Permits Q2 2025: BACKGROUND TIMELINE Beachcitycapital.com 310.245.4419 Contact us for more information: Jason@beachcitycapital.com LEARN MORE ABOUT BEACH CITY CAPITAL

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