3444 Hillcrest Los Angeles, CA 90016
48-unit affordable housing development in West Adams, RTI, opportunity zone.
- Added:
- Jul 9, 2025
- Days on Market:
- 287
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 3444 Hillcrest
General Information
- Standard status
- Active
Listing agent JORDAN PETITO License #02023714
Listing office KELLER WILLIAMS BEVERLY HILLS (310) 432-6400
Listing date Jul 9, 2025
Source Corcoran
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
Overview
Ready-to-Issue Affordable Housing Development
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Opportunity zone commercial ...
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.341
- Latitude
- 34.1075
Nearby Similar for Sale
FAQs
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).
