i-House.com has announced its first U.S. ATO (Asset Tokenize Offering) project in Los Angeles, California. The latest i-House ATO project “Village at Howard Hughes Center Apartment” will be located right in the heart of LA’s hottest tech scene dubbed “Silicon Beach” in West Los Angeles. This is the fourth ATO project for i-House.com, the other projects are located in Japan, Thailand and the Philippines.
The 45,302 square foot parcel of land will house 109 units, 187 parking spaces and enticing amenities such as well-equipped conference rooms, keyless entry, smart home automation, etc. The 115,000 square foot property will be located less than five miles from Santa Monica and one mile from Playa Vista, as well as located near companies such as Google, Apple, Yahoo! and other Fortune 500 companies.
Silicon Beach is in the west side region of the Los Angeles metropolitan area that is home to more than 500 tech startup companies. Unlike the traditional definition of Silicon Valley (Palo Alto to San Jose) where the economy is overwhelmingly technology geared, Silicon Beach, much like San Francisco, tends to have a more diversified economy whereby tourism, finance, and/or other industries also play a major role. Silicon Beach’s proximity to beaches, bars and nearby attractions makes it an attractive location for young professionals to live, work and play. The area of West Los Angeles boasts a Mediterranean climate with an average high temperature of 73 degrees during the summer months, and 57 degrees during the winter months. This ideal climate provides clear skies, comfortable temperatures and very little change to the weather with average precipitation only occurring a few months out of the year.
The Los Angeles metropolitan area is known for capturing the vibrant and diverse cultures of its nearly four million residents. Los Angeles is the second largest city in the United States following New York while banking in a gross domestic product total of 1 trillion US Dollar from 2001 to 2016. From a broader perspective, LA’s GDP accounts for almost 40% of California’s total while the San Francisco Bay Area metropolitan area ranks second and represents a quarter of the state’s total GDP. If LA were a state, it’s economy would rank as the fourth largest in the entire United States. The Southern California region is home to Hollywood, and all the glitz and glamour that comes with it, along with the growing population of the rising Silicon Beach tech scene. Hollywood’s economy is estimated at over 3 billion US Dollars with a GDP per worker averaging at $115,000 which is significantly lower than the metropolitan area.
Venice Beach, The Grove and Hollywood’s Walk of Fame are all within a 20-minute distance by car from the proposed i-House ATO project. Santa Monica Pier is only 30 minutes, add another 30 minutes to your drive and you’re at the world-famous Disneyland Park. Enjoy a scenic ride along the Pacific coastline and Highway 1 to Malibu and stop by the Getty Villa, original home of the Getty Museum displaying Ancient Greek and Roman art. Public transportation in Southern California consists of the Metro public buses and trains. With more than 1,500 operating buses you can get to where you need with ease. The LA Metro Rail is a network of commuter rail lines within the metropolitan area servicing Los Angeles, Hollywood, Universal Studios, Santa Monica, Culver City, Long Beach and other areas of the city.
Founded in 2017, i-House.com provides a real estate blockchain marketplace for investors and developers. i-House.com products are i-House Asset Tokenization Offering (ATO), i-House Token (IHT) and i-House Token Pay (IHTPay). i-House.com is disrupting the traditional real estate marketplace by combining the power of blockchain/emerging technologies to provide blockchain technology solutions to asset owners that connect them with financial institutions.
