100% Affordable Housing Development - $1,899,000 (Los Angeles)

An affordable housing development opportunity walking distance to Downtown Los Angeles.
Located just south of Washington Blvd.
an easy commute to Downtown LA.
Close to multiple Metro local lines.
Fully entitled, ready to break ground for 39 income units and 1 manager unit plus big recreation room (which also can be converted to 2 additional ADU).
With total monthly income of $72,795.
Plans call for 8 singles and 31 one-bedroom units, with no parking required.
The four-story building totals 19,041 SF and includes amenities such as communal roof deck and sitting area, allowing residents beautiful views of Downtown Los Angeles.
The cost-efficient design calls for four stories of Type 3A construction.
Design features of the project include stucco-wood, front elevation with 6 balconies integrating modern design elements with high desire.