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 West Angeles City ViewWest 54th Street at 5th Avenue, Los Angeles, CaliforniaDescription:
West Angeles City View includes the development of 61 new units of workforce housing in a two-site development which will also contain a swimming pool and small pocket parks. The development will consist of 56 attached condominium units of between 1,000 and 1,400 sq ft, three attached townhouses of between 1,300 and 1,500 sq ft, two single family detached homes of approximately 1,700 sq ft, and 137 parking spaces.
Location:
West Angeles City View is located on the northern side of 54th Street between 4th and 5th Avenues, in the Angeles Mesa area of the City of Los Angeles. The project is approximately ½ mile from Chesterfield Square, the first new commercial development in South Los Angeles in over 20 years with over 300,000 sq ft of retail space, and is centrally located with respect to a number of employment cores in the area.
Size:
71,570 net salable sq ft on 1.51 acres
Community
Benefits: The units will be targeted to be affordable by households at or below 150% of the average median income for the area. The Property is located in census tract 2346.00, which is designated a low-to-moderate income census tract according the US Department of Housing and Urban Development, and within the Central City Redevelopment Zone and the Southern Crenshaw District of South Los Angeles, which have been targeted for revitalization by the City of Los Angles.
Developer:
West Angeles Community Development Corporation is a full-service, non-profit real estate development firm with offices in South Los Angeles. As the developer of over $50 million in real estate, West Angeles CDC has distinguished itself as the leading non-profit real estate developer committed exclusively to the Crenshaw District and adjacent South Los Angeles communities.
Project Cost:
$20,000,000
Financed By:
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