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South Bay, Los Angeles is quickly becoming one of the most desirable areas in Southern California. With its proximity to major tech, automotive, and aerospace employers, as well as its vibrant culture and amenities, it’s no wonder that people are flocking to the area.
To meet the growing demand for housing, Cityview and Stockbridge, two leading real estate investment firms, have announced the commencement of Apollo, a new 265-unit apartment complex coming to South Bay.
Apollo will be located at 12888 Crenshaw Blvd. in a high-growth area near major employers such as SpaceX, the Tesla Design Center, and Ring. It’s also within five miles of more than 260,000 jobs and is near Los Angeles International Airport as well as Stan Kroenke’s SoFi Stadium.
The development will include a combination of studio, one-bedroom, and two-bedroom floor plans and boast a variety of luxury amenities, including a pool deck, a fitness center, an indoor-outdoor community room, three open-air courtyards, an entertainment lounge, and multiple coworking spaces.
In an effort to cater to the area’s engineering and aerospace demographic, Apollo will also include a “makerspace,” which will feature a podcast studio, a 3D printer, and other technology-focused amenities.
Apollo is slated for completion in 2025, and it’s sure to be a welcome addition to the South Bay community. With its luxurious amenities and convenient location, it’s the perfect place for young professionals, families, and anyone else who wants to live in the heart of the action.
What does this mean for real estate investors?
The development of Apollo is a sign of growing confidence in the South Bay real estate market. As the area continues to attract new businesses and residents, demand for housing is only going to increase.
This presents a great opportunity for real estate investors who are looking to invest in a growing market. With its strong fundamentals and desirable location, South Bay is a great place to invest in rental properties.
If you’re interested in learning more about real estate investment opportunities in South Bay, please contact us today. We’re happy to help you find the perfect property for your investment portfolio.
Source: Los Angeles Business Journal: https://labusinessjournal.com/real-estate/south-bay-3/