Opened in October 2013, the 44-unit building, known as The Serrano, consists of one, two and three bedroom floor plans. The 5-story modern structure fits within the surrounding three block historic Wilshire Apartment District. Organized around a large, central courtyard featuring a children’s play area and benches, The Serrano provides ample open space and a community atmosphere for the residents. A fully furnished Community Room and Computer Learning Center is provided for its residents. Each of the units is individually wired for high speed Internet and equipped with the most modern, energy efficient appliances.
Developer | American Communities
Location | 979 South Serrano Avenue, Los Angeles
Units | 44
Total Development Cost | $17,729,317
Per Unit Cost | $402,939
Time to Complete | 18 Months
Status | Completed, October 2013
Funding | 9% Tax Credit, HCIDLA
Housing Type | Large Family
Sustainable Features | Awarded LEED Platinum: Natural Linoleum, 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.