3444 Hillcrest Drive, Los Angeles, CA 90016 - Berkshire Hathaway HomeServices California Properties

3444 Hillcrest Drive, Los Angeles, CA 90016

$2,695,000 Approx. USD 0 beds, 0 baths

Listing Agent


Jordan Petito | jordan@petitocre.com
Lic#: 02023714
Broker: Courtesy of Keller Williams Beverly Hills

Co Listing Agent


Dario Svidler | dario@svidlercre.com
Lic#: 01884474
Broker: Courtesy of Keller Williams Beverly Hills

Agent Remarks

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 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 with excellent 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).Property will be delivered vacant at COE.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 25538575
Price: $2,695,000
Beds: 0
Baths: 0
0.23 acres
Lot size: 0.2264
County: Los Angeles
Zoning: RD1.5-1
MLS area: PHHT - Park Hills Heights

Last Updated: 5/28/2025

 Days On Market (DOM): 30

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This listing belongs to the PHHT - Park Hills Heights MLS area

Lat/Long: 34.024284, -118.342651.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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