3444 Hillcrest Drive, Los Angeles, CA 90016

Local realty services provided by:ERA North Orange County Real Estate
3444 Hillcrest Drive,Los Angeles, CA 90016
$2,695,000
  • 0.23 Acres
  • Lots / Land
  • Active
Listed by:jordan petito
Office:keller williams beverly hills
MLS#:25538575
Source:CRMLS

Price summary

  • Price:$2,695,000

About this home

We are proud to present for sale a ready-to-issue (RTI) 48-unit, 100% affordable housing development on a 9,863 SF lot in the gentrifying neighborhood of West Adams, with the potential to add 3+/- ADUs after completion. The proposed development features a 27,409 SF, 5-story, Type III-A Construction slab on grade with a primarily stacked design. All 48 units are 1 bedroom, 1 bath with an average unit size of approximately 475 SF, plus hallways, elevators, and stairs. The restricted rent levels for the project are: 2 very low-income units, 38 low-income units, 7 moderate-income units, and 1 manager's unit. 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. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. West Adams is known for its rich cultural history and vibrant community. Nearby

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Home facts

  • Listing ID #:25538575
  • Added:415 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Structure and exterior

  • Lot area:0.23 Acres

Finances and disclosures

  • Price:$2,695,000
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