Coliving operator Eddy, based in Hollywood, has opened an additional location as part of its expansion plans.

The company recently opened at 811 N. Harvard Blvd. in East Hollywood, adjacent to its first location at 803 N. Harvard Blvd. Collectively, the two locations are known as Eddy East Hollywood.

Eddy West Hollywood and Eddy Beachwood Canyon opened last year.
The company, which was founded in 2018, offers coliving — a type of multifamily housing popular with younger generations.
 
These communities generally offer solo or shared rooms with shared common areas. They also generally often amenities; events; and flexible, all-inclusive leases — all at a price that’s less than the market average for a standard apartment.
Eddy East Hollywood offers month-to-month leases that include furnished bedrooms, a fitness center, a soundproof recording studio and a rooftop with furniture.
Co-founder Leeor Maciborski called the concept “shared living at a lower price point for people who just moved to L.A.”

Maciborski’s background is in traditional multifamily housing, but he said he wanted to “develop something where people can come and go as they please.”
When the company launched, he said, its tenants were mainly people in their late teens and early 20s in creative industries. Amenities like podcast and recording studios and fitness areas were geared toward them.

The company is now partnering with colleges and universities, a move that helped it account for lost income due to a lack of international tenants.

“Covid was dramatic, especially for communal living. A good amount of our renters come from out of the country,” Maciborski said.

Prior to the pandemic, roughly 25% of Eddy’s renters came from outside of the United States.

“Those have been kind of replaced by the students. It’s the biggest internship term we’ve ever seen. People are excited to get out,” Maciborski said. “That’s a good offset.”

He added that some schools previously put their students in corporate housing, but “that was not the experience they wanted in terms of price and community and what the buildings felt like. They walked into our spaces, and they feel more youthful.”
Schools now put students in internship programs in L.A. in their housing. Some have deals with Eddy where they may take 50 rooms for a summer program that its students would then use.

Other schools, he said, have less formal partnerships and will “send us kids” who need housing.
 
Maciborski said its design helps Eddy stand out from other coliving companies.
“Common is the largest player in the space in the country,” Maciborski said. “They are great at offering a very homogenous project. If you move into a Common anywhere, it will be a very homogenous experience. We try to be hyper local.”

“We try to be really fun about it and do a little bit extra and provide accessible, higher design,” he added.

To deal with Covid, the company has been asking residents for proof of vaccination.
The company is also experimenting with more private rooms instead of just shared options.