Century Pacific Equity Corporatio
1536 North Serrrano Ave.
Los Angeles, Los Angeles County, California 90027

Call (855) 598-3283, enter extension 12297, then hit #.

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Funding Programs

Century Pacific Equity Corporatio was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 1995 for $192,233 with a 10 year value of $1,922,330. The property was placed in service in 1997. 41 of 42 units at Century Pacific Equity Corporatio are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract and a Difficult Development Area qualifying it for additional tax credit financing.

Overview

Century Pacific Equity Corporatio is an affordable apartment community located in Los Angeles, California which is located in Los Angeles County. The property is located in California's 34th Congressional District served by Representative Xavier Becerra (D), Senator Kamala Harris (D) and Senator Dianne Feinstein (D).

Century Pacific Equity Corporatio is an apartment community containing 42 rental units. This property serves all family types. The property contains 102 bedrooms and based on typical apartment occupancy limits, Century Pacific Equity Corporatio is home to not more than 199 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

Century Pacific Equity Corporatio contains a mix of 42 assisted one, two, three, and four bedroom apartments for rent. There are 9 One Bedroom, 9 Two Bedroom, 21 Three Bedroom, and 3 Four Bedroom apartments in this property. The unit mix is 21% One Bedroom, 21% Two Bedroom, 50% Three Bedroom, and 7% Four Bedroom apartment rentals. The average bedroom size for Century Pacific Equity Corporatio is 2.43.

California's 34th

Congressional District

42

Total Units

41

Tax Credit Units

One, Two, Three, and Four

Unit Mix

2.43

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data