142 S Mountain View Avenue

PartnersCRE is proud to present a ready-to-issue (RTI) 22-unit, fully affordable housing project for sale on a 6,243-square-foot lot in the desirable Westlake area of Los Angeles. The proposed 3-story development features 12,780 square feet of gross floor area, including 9,947 square feet of net rentable space, and is constructed with Type V-B materials, meeting safety standards while ensuring affordability. Each unit is thoughtfully designed to provide a quality living experience within a compact, efficient layout. The housing breakdown includes 16 low-income units in line with TCAC Schedule IX, five moderate-income units according to HCD Schedule VI, and one market-rate manager's unit. Rent for very low and moderate-income units adheres to HCD Schedule VI, while low-income rents follow TCAC Schedule IX. Additionally, the property's location may attract Section 8 voucher tenants, potentially boosting income by approximately 20% per unit.Located in Westlake, this project offers easy access to multiple public transit routes, connecting residents to Downtown LA and other key destinations. With a Walk Score of 89, the area is classified as "Very Walkable," making it ideal for residents who rely on public transportation. The RTI status of the project streamlines the development process, presenting a unique opportunity to deliver affordable housing in a high-demand area. Combining an efficient layout, affordability, and a convenient location, this Westlake development is poised to become a valuable addition to Los Angeles' housing landscape.