4269 S Hoover Street, Los Angeles, CA 90037

An affordable housing development opportunity at 4269 S Hoover St, just south of Downtown Los Angeles, the University of Southern California, and Exposition Park. The 9,324 SF lot will be delivered RTI for 92 income-restricted units and 1 manager unit. the project is located between W 42nd Pl and W 43rd St, just 1.4 miles south of USC. The project is offered at a low $37,634 per buildable unit; there is currently a 6-unit apartment building existing that will be delivered vacant at the close of escrow. Plans call for 57 singles (324 SF), 30 one-bedroom units (352-378 SF), and six two-bedroom units (560 SF) with no parking required; the seven-story building totals 42,814 SF, five stories of type 111A over two stories of type 1A construction.