3444 Hillcrest Drive, Los Angeles, CA 90016

• 9,863 sqft

Property Description

We are proud to present for sale a ready-to-issue (RTI) 48-unit, 100% affordable housing development on a 9,863 SF lot in the gentrifying neighborhood of West Adams, with the potential to add 3+/- ADUs after completion. The proposed development features a 27,409 SF, 5-story, Type III-A Construction slab on grade with a primarily stacked design. All 48 units are 1 bedroom, 1 bath with an average unit size of approximately 475 SF, plus hallways, elevators, and stairs. The restricted rent levels for the project are: 2 very low-income units, 38 low-income units, 7 moderate-income units, and 1 manager's unit. The rent for the very low and moderate-income units can be found on HCD Schedule VI, while the rent for the low-income units can be found on TCAC Schedule IX. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. West Adams is known for its rich cultural history and vibrant community. Nearby parks include Vineyard Recreation Center, Jim Gilliam Recreation Center, and Baldwin Hills Recreation Center. Zero parking spaces will allow developers to avoid the high cost of on-grade parking. The property is conveniently located in a Metro hub off of Exposition Blvd, providing easy transportation wit

Listing Status:

Active

Date Added:

May 20, 2025 at 05:00AM

Listing Office:

Keller Williams Beverly Hills : 310-432-6400

Listing Agent:

Jordan Petito : 310-734-2245

MLS ID:

CL25538575

Location

• County: Los Angeles

Lot

• Zoning: RD1.5046007017
• View: City Lights

This listing courtesy of Jordan Petito, Keller Williams Beverly Hills