3442 Hillcrest Dr

PartnersCRE is 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 lowincome 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 parks include Vineyard Recreation Center, Jim

Gilliam Recreation Center, and Baldwin Hills Recreation Center.

Zero parking spaces will allow developers to avoid the high cost of

on-grade parking. The property is conveniently located in a Metro

hub off of Exposition Blvd, providing easy transportation running

east and west from Downtown to Santa Monica. The Walk Score for

this property is 82, indicating it is “Very Walkable” with “Excellent

Transit.” The subject property is located within the Qualified

Opportunity Zone (QOZ).

Property will be delivered vacant at COE.