Description

Partners cre is proud to present for sale a ready-to-issue (rti) 40-unit, 100% affordable housing development on a 7,286 sf lot at 11151 s broadway in los angeles. designed to offer efficient, affordable housing, this project provides significant value to developers seeking a cost-effective development opportunity in the los angeles market. the proposed development features a 16,479 sf, four-story, type v-a construction with a compact, stacked design that maximizes space. with zero parking spaces, the design focuses on efficient, affordable living. all 40 units are thoughtfully composed of 9 studios, 30 one-bedroom, and 1 two-bedroom apartments. affordable housing designation:* 2 very low-income unit* 31 low-income units* 6 moderate-income units* 1 market-rate manager's unitrent levels for very low and moderate-income units adhere to hcd schedule vi, while rents for low-income units follow hud schedule i. the property's location may attract section 8 voucher tenants, offering potential for increased income by approximately 20% per unit. delivered vacant at coe, this property offers an exceptional opportunity for developers to enter the affordable housing market with a fully rti project.

• Property Type

  Land

• County

  Los Angeles

• Style

  Land

• AD ID

  47625388