Short-Term & Vacation Rental Discussions

User Stats

260
Posts
181
Votes
Noah Laker#1 Real Estate Technology, Social Media, and Blogging Contributor
  • Real Estate Broker
  • Sacramento, CA
181
Votes |
260
Posts

DORMITORY - Allowed in Sacramento?

Noah Laker#1 Real Estate Technology, Social Media, and Blogging Contributor
  • Real Estate Broker
  • Sacramento, CA
Posted Mar 23 2023, 20:33

Hey BP,

I'm a local broker, investor, and Airbnb PM (~120 listings). 

Some partners and I are very interested in "adaptive reuse" and converting old commercial / industrial property for residential use. 

Can it be done? We've seen big players like Vivo Living doing this across the country with big multifamily projects. I was thinking about something smaller, 4000-6000 sqf, and creating a dormitory... think college-style or hostel. Lots of community space and amenities. Onsite property management. 

Who knows a great architect? I've spoken with a few and so far none have ever successfully completed one of these projects. :(

Loading replies...