Contact Susan Lenahan for all of your real estate needs
MJ Peterson Real Estate
(716) 819-4200

832 S Lake Street, Los Angeles, CA 90057

  • $6,500,000

Listing Presented By

Sagie Shemesh
Keller Williams Realty
(818) 993-1300

Commercial Sale - Los Angeles, CA

Rare opportunity for Investors familiarized with the Low Income Housing Tax Credit program (Created by Tax Reform Act of 1986 -TRA86) to own and manage Low Income Housing 18 Units building built in 1995 by original developer. All Units are under program in order to maximize profits. 5.14% CAP Rate is estimated and based on GIM and Annual Tax Credit. Apt complex is comprised of 7 [1 BR 1 Bath], 3 [2 BR 2 Bath], 4 [3 BR 2 Bath] and 4 [4 BR 2 Bath]. Security entry. Gas and Electric individually metered. 33 car parking garage. Laundry Room with Washer and Dryer. ALL INFORMATION HEREIN MUST BE INVESTIGATED BY BUYER* Integrated w/ Section 8 & Section 42 which have helped meet a critical affordable housing shortage by stimulating production or rehabilitation of nearly 2.4 million affordable homes since 1986. The CA Tax Credit Allocation Committee (CTCAC) administers the federal and state Low-Income Housing Tax Credit Programs. Both programs were created to encourage private investment in affordable rental housing for households meeting certain income requirements. * Herein LIHTC Evaluation differs from Non- Tax Credit Multi Family **Based on a new Buyer's (e.g.Partnerdhip/LP/LLC) Application & Compliance under rules of Low Income Housing Tax Credit (LIHTC)

  • $6,500,000
  • Commercial
  • Built In: 1995
  • Last Updated: July 22, 2016
  • Posted: June 18, 2016

832 S Lake Street, Los Angeles, CA 90057

832 S Lake Street, Los Angeles, CA 90057 is an , Commercial in Los Angeles, California for $6,500,000 with and offered by Sagie Shemesh of Keller Williams Realty. To learn more about 832 S Lake Street, Los Angeles, CA 90057 contact Sagie Shemesh for more information or to request a showing.


View more property information from the source site.