PRICE REDUCED! Only ~$28,000 per unit!! KW Commercial is proud to present an exceptional ready-to-issue (RTI) 45-unit, 100% affordable housing ED 1 development opportunity located in the heart of North Hollywood’s vibrant NOHO Arts District! Situated on a 6,591 sq. ft. corner lot, this 5-story apartment project is thoughtfully designed for maximum efficiency and minimal construction complexity. The unit mix includes 2 two-bedroom units, 27 one-bedroom units, and 16 studios, offering approximately 19,925 sq. ft. of rentable space. Located less than half a mile from the NOHO Metro Red Line Station, residents will enjoy easy access to public transportation and the abundance of shopping, dining, and entertainment that make the NOHO Arts District one of Los Angeles’ most desirable neighborhoods. With a Walk Score of 87 and a Bike Score of 74, the property promises high tenant demand and stable occupancy for years to come. This 100% affordable housing community includes: 2 units reserved for very low-income households ( 50% AMI), 34 units reserved for low-income households ( 80% AMI), 8 units reserved for moderate-income households ( 110% AMI), and 1 market-rate manager’s unit. Rents for the very low-and moderate-income units follow HCD Schedule VI, while the low-income units align with TCAC Schedule IX. Additionally, the property’s location is ideal for attracting Section 8 voucher tenants, potentially increasing rental income by up to 20% per unit. The proposed design features zero parking spaces, significantly reducing construction costs for developers. The site is currently improved with a vacant duplex, eliminating the need for tenant relocation and ensuring a smooth path to construction. Don’t miss this rare opportunity to develop a fully affordable housing project in a high-demand Los Angeles neighborhood, all at an exceptional value of just under $30,000\/per unit!! May be delivered as a vacant lot if desired. Contact the listing agent today for additional information or to request a full set of approved plans.<\/p>","protected":false},"excerpt":{"rendered":"
PRICE REDUCED! Only ~$28,000 per unit!! KW Commercial is proud to present an exceptional ready-to-issue (RTI) 45-unit, 100% affordable housing ED 1 development opportunity located in the heart of North Hollywood’s vibrant NOHO Arts District! Situated on a 6,591 sq. ft. corner lot, this 5-story apartment project is thoughtfully designed for maximum efficiency and minimal […]<\/p>\n","protected":false},"author":1,"featured_media":1746793,"parent":0,"menu_order":0,"template":"","property_type":[],"property_status":[124],"property_feature":[],"property_label":[85],"property_country":[],"property_state":[103],"property_city":[],"property_area":[],"class_list":["post-1746782","property","type-property","status-publish","has-post-thumbnail","hentry","property_status-land","property_label-active","property_state-los-angeles"],"property_meta":{"ListingKey":["1144559043"],"MLSimport_item_inserted":["94072"],"mlsImportItemStatusDelete":["a:11:{i:0;s:6:\"Active\";i:1;s:19:\"ActiveUnderContract\";i:2;s:8:\"Canceled\";i:3;s:6:\"Closed\";i:4;s:10:\"ComingSoon\";i:5;s:6:\"Delete\";i:6;s:7:\"Expired\";i:7;s:4:\"Hold\";i:8;s:10:\"Incomplete\";i:9;s:7:\"Pending\";i:10;s:9:\"Withdrawn\";}"],"fave_property_land_postfix":["Square 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fave_property_land_postfix with meta_value Square Feet<\/br>Updated Meta fave_property_address with meta_value Camellia<\/br>Updated Meta fave_property_price with meta_value 1300000<\/br>Updated Meta fave_property_land with meta_value 0.1512<\/br>Updated Meta fave_property_bathrooms with meta_value 0<\/br>Updated Meta fave_property_country with meta_value United States<\/br>Updated Meta fave_property_zip with meta_value 91601<\/br>Updated Meta fave_property_map_address with meta_value 5444 Camellia Avenue<\/br>Updated Meta houzez_geolocation_long with meta_value -118.382039<\/br>Updated Meta houzez_geolocation_lat with meta_value 34.169916<\/br>Updated Meta fave_property_id with meta_value 25607381<\/br>Update Coordinates Meta (having houzez_geolocation_long ) with 34.169916,-118.382039<\/br>Property with ID 1746782 Updated CUSTOM post meta fave_contact-mail original ListAgentEmail with value daniel@dsrealestate.com<\/br>Property with ID 1746782 Updated CUSTOM post meta 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