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Multi-Family

82nd.843

843 W 82nd St, Los Angeles, CA 90044

Listing Price: $3,200,000

Lot Size
0.21 acres
Price/Acre
$14,986,776
Land Type
Redevelopment

Investment Overview

• The Neema Group is pleased to present an affordable housing development opportunity at 843 W 82nd St, located between S Vermont Ave and S Hoover St in South Los Angeles. The 9,301 SF lot will be delivered fully entitled for 87 income-restricted housing units and 1 manager unit with no parking required.

• The project’s central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8.


• Plans call for an efficient five story project, utilizing Type III construction for a fully stacked design reducing construction costs for the developer. The existing duplex will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects.

• The finished project totals 48,123 SF and has a desirable unit mix of 4 x singles and 84 x one-bedrooms.


• The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the projects opens avenues of mission driven financing through CDFIs or mission driven lenders (contact agent for details).

• Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from Manchester Ave; walking distance to multiple Metro local lines on S Vermont Ave

• The subject property is walking distance to retail amenities along S Vermont Ave; nearby to Loren Miller Elementary School, Frederick K.C. Price III Christian Schools, and the Algin Sutton Recreation Center

Investment Highlights

  • An affordable housing development opportunity at 843 W 82nd St, located between S Vermont Ave and S Hoover St in South Los Angeles
  • The finished project totals 48,123 SF and has a desirable unit mix of 4 x singles and 84 x one-bedrooms.
  • Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from Manchester Ave

Exclusively Listed By

Financing By

Multi-Family

82nd.843

Listing Price: $3,200,000

Lot Size
0.21 acres
Price/Acre
$14,986,776
Land Type
Redevelopment

Investment Highlights

  • An affordable housing development opportunity at 843 W 82nd St, located between S Vermont Ave and S Hoover St in South Los Angeles
  • The finished project totals 48,123 SF and has a desirable unit mix of 4 x singles and 84 x one-bedrooms.
  • Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from Manchester Ave

Investment Overview

• The Neema Group is pleased to present an affordable housing development opportunity at 843 W 82nd St, located between S Vermont Ave and S Hoover St in South Los Angeles. The 9,301 SF lot will be delivered fully entitled for 87 income-restricted housing units and 1 manager unit with no parking required. • The project’s central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8. • Plans call for an efficient five story project, utilizing Type III construction for a fully stacked design reducing construction costs for the developer. The existing duplex will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects. • The finished project totals 48,123 SF and has a desirable unit mix of 4 x singles and 84 x one-bedrooms. • The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the projects opens avenues of mission driven financing through CDFIs or mission driven lenders (contact agent for details). • Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from Manchester Ave; walking distance to multiple Metro local lines on S Vermont Ave • The subject property is walking distance to retail amenities along S Vermont Ave; nearby to Loren Miller Elementary School, Frederick K.C. Price III Christian Schools, and the Algin Sutton Recreation Center

Exclusively Listed By

Financing By

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