3444 Hillcrest Drive, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
3444 Hillcrest Drive,Los Angeles, CA 90016
$2,695,000
- 0.23 Acres
- Lots / Land
- Active
Listed by:jordan petito
Office:keller williams beverly hills
MLS#:CL25538575
Source:CA_BRIDGEMLS
Price summary
- Price:$2,695,000
About this home
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
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Home facts
- Listing Id #:CL25538575
- Added:366 day(s) ago
- Updated:August 15, 2025 at 02:33 PM
Rooms and interior
- Living area:9,863 sq. ft.
Structure and exterior
- Building area:9,863 sq. ft.
- Lot area:0.23 Acres
Finances and disclosures
- Price:$2,695,000
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