Crenshaw Villas exemplifies the redevelopment taking place on Crenshaw Boulevard, as the Crenshaw Metro Line comes to fruition, since it will replace the current deteriorated commercial buildings with a new, LEED Gold certified, 50 unit, 38 one bedroom, 12 two bedroom mixed use, apartment complex for seniors. All units will be affordable to tenants paying no more than 30% of their income for rent, as the complex is being financed with, among other programs, 9% Housing Tax Credits. The building will also feature ground floor retail space, a bike parking area, generous community facilities for the tenants and multiple gathering areas with views out over the City of Los Angeles. It is anticipated that the building will qualify for LEED Gold certification at completion.
Developer | American Communities and Retirement Housing Foundation
Location | 2645 Crenshaw Blvd
Units | 50
Ground Floor Retail Space | 3,500 Square Feet
Total Development Cost | $20,043,698
Per Unit Cost | $400,874
Time to Complete | 20 Months
Status | Expected to be Completed May 2018
Funding | 9% Tax Credit, RHF
Housing Type | Senior Citize
Parking & Transit | 36 residential parking spaces; 55 bicycle parking spaces; 6 commercial parking spaces; connectivity to Metro rail and rapid bus lines.
Sustainable Features | LEED Gold Anticipated: No Volatile Organic Compound Flooring, Carpet and Rug Institute Green Carpeting, Formaldehyde Free Cabinets, Energy Star Kitchen Appliances, Energy Efficient Vinyl Windows, Low-Flow Toilets and Sinks.