Investment Overview

• The Neema Group is pleased to present an affordable housing development opportunity at 11031-11035 Aqua Vista St, located in a prime North Hollywood neighborhood. The 13,236 SF double lot can be delivered fully entitled for 89 income-restricted housing units and qualifies for Tier 7 Section 8 rents. • The project’s prime location minutes from Studio City and Universal Studios offers immediate access to major employment centers, transit, and lifestyle amenities, making it ideal for a high-velocity lease-up strategy. This presents a rare opportunity for a mission-driven developer to provide high-quality affordable housing in a market with strong demand and a significant supply gap. • Plans call for a highly efficient five-story mid-rise building, utilizing Type IIIA construction to optimize cost-effectiveness. • The completed project will span ~45,000 SF, featuring a well-balanced unit mix of nine Singles, 75 one-bedrooms, and five two-bedrooms. • The site can be delivered RTI, allowing a developer to break ground immediately without entitlement risk. Please contact agents about pricing and to review plans. • 11031-11035 Aqua Vista St is located a half-mile from the Metro Red Line and walking distance to multiple Metro Local Line bus stops along Vineland Ave. • Central location just off the 101 Freeway with a plethora of high-end amenities nearby such as Universal Studios, Lakeside Golf Club, and retailers along Ventura Blvd and Lankershim Blvd