LA Co-Living Open House: From $5,000 Rental to $10,912/Month with PadSplit

Walk through LA’s newest co-living property and see how the 4-to-6 room conversion changes the rental math.

Most rentals are judged by one thing: will it cash flow?

For this Glassell Park property, the rental rate is about $5,000/month as a long-term lease.

Join local real estate investor Alex Nahle for an in-person open house at his Los Angeles property.

Alex will be walking us through his newly converted 6-bedroom, 3-bath PadSplit. The projected revenue for the house is $10,912/month rented out by room.
With an ADU included, the property is projected to reach $13,412 in gross monthly income.

### Special Keynote Presentation:

Alex will be joined by Devon Aguirre, PadSplit Market Manager and 12-year real estate veteran.

Devon will break down how the co-living investment model works, the ideal buy box, and the underwriting metrics investors should understand when evaluating co-living opportunities.

### What We’ll Unpack Live & In-Person:

• The 4-to-6 Room Walkthrough: Tour the property and see how the main house layout has been converted into six independent room-rental income streams.
• The $5,000 to $10,912 Rental Math: See the comparison between a baseline $5,000 long-term lease and a projected $10,912 PadSplit room-rental setup
• The 2.7x Income Picture: See how the ADU brings projected gross monthly income to $13,412
• Automated Operations: How the PadSplit marketplace and technology support resident screening, background checks, and automated payment collections
• The Co-Living Edge: Why room rentals can reduce vacancy risk and improve cash flow compared to a single long-term lease.

### Why Attend In-Person?

This open house gives you a direct look at an upcoming PadSplit property in Glassell Park.

You’ll be able to walk the rooms, review the layout, understand the rental math, and ask questions about the property, the setup, and the co-living model.

### Who Should Attend?

• Real estate investors looking for deals that actually pencil
• Realtors looking to unlock stronger opportunities for their buyers, and
• Property managers looking to increase margins in a changing rental market