Investment Overview

• The Neema Group is pleased to present an affordable housing development opportunity at 8301 S Western Ave, a corner lot in in the Manchester Square neighborhood of Los Angeles. The 9,012 SF lot will be delivered fully entitled for 51 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 Inglewood, the South Bay, Culver City, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8. • Plans call for an efficient four-story project, utilizing Type V-A construction for a stacked design reducing construction costs for the developer. The existing retail structure 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 25,174 SF and has a desirable unit mix of 10 singles (301-363 SF), 41 one-bedrooms (366-476 SF), and one two-bedroom (509 SF) • 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 project 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, two miles from SoFi Stadium, Hollywood Park Casino, Kia Forum, and the future Intuit Dome; walking distance to multiple Metro Local Line bus stops along S Western Ave and W Manchester Ave