50-Unit Transit-Oriented Affordable Housing Development
South Los Angeles, CA 90044
Project Overview
A fully entitled, 4-story, 50-unit affordable multifamily development designed to meet strong workforce rental demand in South Los Angeles. The project maximizes density under vested approvals, minimizes construction costs, and delivers stable long-term cash flow in a transit-rich corridor.
Key Facts
50 units total
47 one-bedrooms | 3 studios
9,600 SF infill lot
Transit-oriented, no resident parking
46 bike spaces
Zoning: RD2-1XL
Financial Snapshot (Year 1)
Potential Rental Income:
$1.25M+
Effective Gross Income:
$1.10M
Net Operating Income (NOI):
~$846K
Net Cash Flow:
~$388K
Cost to Build:
$6.0M
Projected Stabilized Value:
~$17M+
Capital Needed:
$1.6M
Lean operations + strong occupancy assumptions = durable cash flow and refinance/sale flexibility.
Why This Project Works
Transit-Oriented Living
Steps from Imperial Hwy, bus lines, and Metro connections — ideal for car-free renters.
High Demand Submarket
~70% renter-occupied neighborhood with limited new supply and strong absorption.
Efficient Design
Smart layouts maximize rentable space and affordability on a compact urban lot.
Faster Delivery
Privately funded structure avoids subsidy delays and accelerates timelines.
Vested Entitlements
Fully approved under prior regulations, reducing permitting and regulatory risk.
Location Advantage
- Walk Score:
~68–70
- Transit Score:
~62–70
- Easy access to
-110, I-105, Vermont Ave, Slauson Ave, Imperial Hwy
- Close to jobs
Schools, and daily services
South LA’s density and affordability gap continue to drive consistent multifamily demand.
Development Timeline
Construction Start:
Ready to commence
Build Time:
16–18 months
Stabilization:
6–12 months
Phased capital deployment reduces idle exposure.
Exit Strategy
Primary:
Refinance at stabilization to repay capital within 18 months
Alternatives:
Sale to long-term affordable housing owner or recapitalization
Multiple exit paths supported by stable NOI and strong lender appetite.