Ready-to-Issue Affordable Housing
For Sale
$2,695,000
3444 Hillcrest, Los Angeles, CA 90016
48-unit affordable housing development in West Adams, RTI, opportunity zone.
Property SizeContact for details
Days on Market418
Property Features for 3444 Hillcrest
General Information
Standard status
Active
Listing Agency:
KELLER WILLIAMS BEVERLY HILLS
(310) 432-6400
Listed By:
JORDAN PETITO · License #02023714
Source:
Corcoran
Added: Jul 9, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS BEVERLY HILLS
Investment Insights
Based on property information with market context.
This is a ready-to-issue (RTI) 48-unit, 100% affordable housing development situated on a 9,863 square foot lot in the West Adams neighborhood. The proposed development consists of a 27,409 square foot, 5-story building of Type III-A construction. The design is primarily stacked. All 48 units are 1 bedroom, 1 bath apartments, with an average unit size of approximately 475 square feet, in addition to hallways, elevators, and stairs. The unit mix includes 2 very low-income units, 38 low-income units, 7 moderate-income units, and 1 manager's unit. Rent levels are restricted. 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. The property's location may attract Section 8 voucher tenants, potentially increasing income by around 20% for each unit. The property is located in a Metro hub off of Exposition Blvd, providing transportation with east-west access from Downtown to Santa Monica. The Walk Score for this property is 79, indicating it is "Very Walkable" with "Excellent Transit." The subject property is located within the Qualified Opportunity Zone (QOZ). The property will be delivered vacant at the close of escrow. West Adams is known for its cultural history and community. Nearby parks include Vineyard Recreation Center, Jim Gilliam Recreation Center, and Baldwin Hills Recreation Center. The development includes zero parking spaces.
Key Highlights
- Ready‑to‑Issue (RTI) 48‑unit affordable housing development in gentrifying West Adams.
- Potential to add 3+/- ADUs after completion.
- Located in a Qualified Opportunity Zone (QOZ).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 48-unit affordable housing development in West Adams, RTI, opportunity zone.
Where is this apartment building located?
The property is located at 3444 Hillcrest Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Ready‑to‑Issue (RTI) 48‑unit affordable housing development in gentrifying West Adams.; Potential to add 3+/- ADUs after completion.; Located in a Qualified Opportunity Zone (QOZ).
