The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





LOS ANGELES COUNTY NEWS
Printer-friendly Version   Email an Associate
New Culver City Multifamily Project Set to Open to the Public

3/11/20

Trion Properties has completed its first ground-up development project -- a 28-unit, multifamily community in Culver City. The project, called 5012 Apartments, represents Trion’s expansion from value-add multifamily renovations into ground-up development and is the first property the firm has taken from unentitled to developed and stabilized.

The three-story, pet-friendly 5012 Apartments is located at 5012 Slauson Ave, five minutes from Downtown Culver City and within close proximity of the 405 Fwy and Sony Studios. The project features a mix of 15 one-bedroom and 13 two-bedroom units, including some with lofts.

5012 Apartments offers a host of interior and common area tech amenities including a high-level security system, Nest thermostats, Luxer One package locker services, a ButterflyMX smart video intercom system, and Sonos smart speakers. Additional unit amenities at the development include state-of-the-art appliances and flooring, stackable washers and dryers, central air conditioning, walk-in closets, cable TV, and modern finishes. Community amenities include a second-floor amenity deck, breakfast bar, courtyard equipped with furniture and planters, exterior hallways, and covered assigned parking.

Located five miles from the beach, Culver City is a region within Los Angeles noted for its strong media and entertainment presence. The market is quickly transitioning into a tech hub, with Sony, NFL Network, and Apple, among the employment giants taking space in the market. In addition, the $600 mil modernization and expansion of Culver Studios, to be occupied by Amazon Studios, is expected to transform downtown Culver City and attract more younger workers to the area.

“Tech employees have come to expect the same level of technology in their homes as they have at work,” says David Moghavem, Director of Acquisitions for Trion Properties. “5012 Apartments brings something totally new to the area that this demographic was demanding: high-end design plus next-level tech-focused amenities at an affordable price. Interest has been so great that we were able to prelease 13 units with a tentative certificate of occupancy.”

The property is now just under 50% leased ahead of its official grand opening, planned for March 15.






Return to the Archive page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media