6524 Brynhurst Ave Los Angeles, CA 90043

This is a fully entitled, RTI (Ready to Issue) project with in-hand permits, ready to build a 100% Affordable ED1 project featuring 64 units plus a manager's office that can be converted into a unit, including 55 one-bedroom units and 9 studios. The Type V, four-story building features a fully stacked design with all wood frame floors. The design maximizes the number of units while minimizing construction costs and time. Located in Hyde Park, just outside the border of the City of Inglewood, the property adheres to Los Angeles Building and Safety codes and inspections. The surrounding area features new construction apartment and retail buildings. The City of LA purchased a 5-story, 41-unit building directly across the street for $17.3 million as part of Project Homekey. Situated in a TOC Tier 3 area, the property is within walking distance of the Crenshaw metro rail line and restaurants, and close to SOFI Stadium, KIA Forum, LAX, Hollywood Park, Intuit Dome, and Baldwin Hills Crenshaw Plaza. The building is fully ADA compliant for seniors, but the housing covenant allows rentals to anyone. The new design features no parking with 32,252 square feet of building area. Each floor has a laundry room, outdoor bicycle area, and storage. Located close to West Adams, Downtown, and Culver City, the property is minutes from the employment hub of Inglewood. A developer can break ground right away.