6723 Tyrone Avenue

Overview

$17,281/mo

$3.61/SF

13

Number of Rooms

4,787 SF

Building Size

R1-1-HPOZ

Zoning

15,209 SF

Lot Size

Excellent Turnkey Housing Opportunity in SPA 2

2025
Renovation

Onsite
Parking

Security
Gate

Exterior
Space

About
the Property

Large Residential Property with Detached Units and Expansive Grounds


Improvements

Substantial Renovation of Existing Units and Construction of Two New ADUs. Renovations include New Building Systems, Roof, Main Electrical Panel, Flooring, Doors, Windows, Finishes, and Fixtures

Features

Property features 13 Bedrooms, mix of Shared and en-suite Bathrooms, in-unit Kitchens, in-unit Laundry, Privatized Exterior Space, Case Management Office space, and on-site Parking

Work with DAECO

We are a nimble and agile team ready to solve problems with innovation and collaboration. Impacting our community is our goal.

Interested in
this property?

Contact us View Lease Flyer

Melrose Ave- Adaptive Reuse for Interim Housing

Underutilized Site Transformed to Interim Housing

Project Goal

The goal of this project was to reposition an underutilized former Board and Care into a high-quality, program-ready interim shelter through an adaptive reuse strategy. Beginning in 2019, DAECO partnered with the original ownership group to establish a long-term vision for renovating the site to support interim shelter use while meeting the operational, regulatory, and programmatic needs required for successful service delivery. The project was designed to be flexible and capable of serving multiple populations, allowing it to adapt quickly once a target population was identified.

Challenges

Like many complex adaptive reuse projects, this site faced significant challenges early in the process. An initial transaction fell apart, creating uncertainty around the future of the project. The building also required extensive upgrades to meet current ADA, fire life safety, and interim shelter standards, while maintaining cost efficiency and minimizing long-term maintenance risks. Additional challenges included navigating a lengthy entitlement and construction process, coordinating across multiple stakeholders, and ultimately leasing the property within a particularly difficult public-sector funding environment in 2025. Designing a site that could accommodate multiple populations—before a specific program operator or user was identified—added another layer of complexity to the project.

Solutions

Rather than disengage, DAECO remained committed to the site and leveraged its deep understanding of the interim shelter landscape and off-market relationships to identify and source a new buyer aligned with the project’s mission. The property was acquired through an off-market transaction, allowing the project to move forward under ownership committed to execution.

Under new ownership, DAECO delivered comprehensive, end-to-end services. We developed the initial schematic design and overall design concept, incorporating trauma-informed design principles to support better client outcomes. We led the entitlement process, navigated ADA and fire life safety requirements, and project-managed a year-long renovation that fully repositioned the former Board and Care facility through adaptive reuse.
The renovated site was intentionally designed to be program-ready and operationally efficient, with ADA accessibility throughout, staff offices with clear lines of sight across all three floors, staff break rooms, secure perimeter fencing, designated staff parking and ADA van access, and durable materials selected to reduce long-term maintenance and replacement costs.

Upon completion, DAECO led the marketing and leasing of the property, successfully leasing the site directly to the City of Los Angeles. We worked closely with Council District 5, bridging private real estate with public-sector and nonprofit stakeholders during a challenging funding environment. The result is a turnkey interim housing site that reflects the full scope of DAECO’s expertise and our ability to deliver complex projects from vision through lease execution.

Special Assets

DAECO has extensive experience in non-traditional assets throughout the greater Los Angeles area. Our team is well versed in distressed assets and REO’s having conducted over 300 BPO’s for commercial lenders and sold over 16 lender owned properties. Our expertise includes Master Leasing and Non-Profit acquisitions for housing programs. This expertise translates to assisting investors in the private market that are focused on creating housing opportunities. Our clients also benefit from our in-depth knowledge in supportive housing and assisted living facilities (ARF’s & RFCE’s)

Buyer Representation

Our buyer representation services are best in class due to our ability to listen to our client’s needs, source opportunities from our network of owners/brokers and identify well-vetted options that match our client’s individual needs. DAECO is skilled in contract negotiations and has a proven track record of guiding our clients through competitive markets to present winning bids. Our experience representing sellers has helped inform and shape our offer presentations to achieve success for our buyers.

Seller Representation

In DAECO’s 18 years of real estate experience, we amassed significant experience in qualifying potential buyers, vetting offers and guiding our sellers through counteroffers and often-complicated escrow process. We offer our sellers a strong marketing campaign to advertise their assets, a large database of potential buyers & brokers and asset knowledge from our experience across many asset types (multifamily, mixed-use, commercial). Using our adaptive reuse experience, we can view assets for their potential beyond their current condition therefore our sellers can take full advantage of all market opportunities.

Work with DAECO

We are a nimble and agile team ready to solve problems with innovation and collaboration. Impacting our community is our goal.

Find out how can we help

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14203 Sylvan Street

Overview

$19,750/mo

$55/Nightly Room Rate

12

Number of Rooms

7,076

Building Size

[Q] RD1.5-1

Zoning

8,750

Lot Size

Excellent Opportunity for Interim Housing, Inside Safe, Crisis & Bridge Housing, BHBH, and more.

Gated
Access

Case Management
Offices

Community
Rooms

2004
Construction

Fire Alarm/
Sprinklers

About
the Property

The site is located in Los Angeles (Council District 6) in Van Nuys which has an urgent need for interim housing beds across diverse populations including Adults, Family, TAY, and LGBTQ+.


Improvements

The site features a newer Construction (2004), Two-Story Multi-Family Apartment Building with two 2 bed/2.5 bath and three 3 bed/2.5 bath units. Amenities include Central Air Conditioning, Private Patios, in-unit Laundry, and Gated, On-Site Parking.

Features

The building is designed to accommodate an interim housing program using a housing-first, trauma-informed care model that will provide ample space for programmatic needs to serve clients.

Work with DAECO

We are a nimble and agile team ready to solve problems with innovation and collaboration. Impacting our community is our goal.

Interested in
this property?

Contact View OM

New Hampshire Ave Shelter

Leading a private market effort to achieve quality interim housing through adaptive reuse.

Project Goal

In partnership with private owner, we applied our adaptive reuse experience to transform a vacant 4 unit apartment building into an emergency shelter in Koreatown. Under prior ownership, this building was used for illegal short-term rentals which lower housing supply and increase rental costs. Our goal was to provide critically needed interim housing supply at a reduced cost compared to new construction.


Challenges

Developing a cohesive interim facility from four individual units presented a challenge. Creating a space that is client centered while supporting the needs of the Operator/ Service Provider was our ultimate goal with this project. The building location provides for many neighborhood amenities however outdoor space on the site was limited which required a creative approach to include open space within the premises. In addition, we began our entitlement and construction phases prior to the passage of ED1; which presented a more challenging and arduous permitting process.

Solutions

DAECO conducted a feasibility assessment including due diligence of the site to examine the conditions of the major building systems along with the framework for the necessary building upgrades and code requirements for an interim housing shelter. Our team also developed a schematic design to include trauma informed design principals, maximizing outdoor space and incorporating necessary ADA and Fire-life safety features. DAECO along with ownership, engaged an architect and engineers to entitle the site and led the construction process to produce a cohesive site with case management offices & break room, private outdoor space and designated smoking area.

Special Assets

DAECO has extensive experience in non-traditional assets throughout the greater Los Angeles area. Our team is well versed in distressed assets and REO’s having conducted over 300 BPO’s for commercial lenders and sold over 16 lender owned properties. Our expertise includes Master Leasing and Non-Profit acquisitions for housing programs. This expertise translates to assisting investors in the private market that are focused on creating housing opportunities. Our clients also benefit from our in-depth knowledge in supportive housing and assisted living facilities (ARF’s & RFCE’s)

Buyer Representation

Our buyer representation services are best in class due to our ability to listen to our client’s needs, source opportunities from our network of owners/brokers and identify well-vetted options that match our client’s individual needs. DAECO is skilled in contract negotiations and has a proven track record of guiding our clients through competitive markets to present winning bids. Our experience representing sellers has helped inform and shape our offer presentations to achieve success for our buyers.

Seller Representation

In DAECO’s 18 years of real estate experience, we amassed significant experience in qualifying potential buyers, vetting offers and guiding our sellers through counteroffers and often-complicated escrow process. We offer our sellers a strong marketing campaign to advertise their assets, a large database of potential buyers & brokers and asset knowledge from our experience across many asset types (multifamily, mixed-use, commercial). Using our adaptive reuse experience, we can view assets for their potential beyond their current condition therefore our sellers can take full advantage of all market opportunities.

Work with DAECO

We are a nimble and agile team ready to solve problems with innovation and collaboration. Impacting our community is our goal.

Let’s discuss your project

Contact