University Gardens
1250 W Jefferson Blvd
Los Angeles, Los Angeles County, California 90007

Call (855) 598-3283, enter extension 62522, then hit #.

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About The Property:

We offer one, two and three bedroom units and we just moments from USC.

Unit Information

Unit Bed/Bath Rent
One Bedroom 1/1 $
Two Bedroom 2/1 $
Three Bedroom 3/2 $

Property Amenities

  • Controlled Access
  • Playground

Unit Amenities

  • Garbage Disposal
  • Cable Ready
  • Window Coverings
  • Refrigerator
  • Extra Storage

Nearby Amenities

  • Close to Public Transportation

Managed By Barker Management Incorporated

Funding Programs

University Gardens was developed and operates with Federal housing financing. The property utilizes 2 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit and Project Based Sec. 8.

Section 8

University Gardens has a project-based Section 8 contract. 113 of the 113 total units at the property receive Section 8 assistance. This means that 100% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on November 01, 2015 and the contract expires on October 31, 2016. The Section 8 contract rent is 138.7% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,154.00 for One Bedroom, $1,490.00 for Two Bedroom, and $2,009.00 for Three Bedroom.

28% of California properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

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 2000 for $287,613 with a 10 year value of $2,876,130. The property was placed in service in 2000. 111 of 113 units at University Gardens 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

University Gardens 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).

University Gardens is an apartment community containing 113 rental units. This property serves all family types. The property contains 275 bedrooms and based on typical apartment occupancy limits, University Gardens is home to not more than 540 persons when fully occupied.

Rent Subsidies

University Gardens provides rental subsidies to renters. The type of subsidy provided to apartment renters in Los Angeles, CA by this property is Project Based Sec. 8.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

University Gardens contains a mix of 113 assisted one, two, and three bedroom apartments for rent. There are 20 One Bedroom, 24 Two Bedroom, and 69 Three Bedroom apartments in this property. The unit mix is 18% One Bedroom, 21% Two Bedroom, and 61% Three Bedroom apartment rentals. The average bedroom size for University Gardens is 2.43.

California's 34th

Congressional District

113

Total Units

111

Tax Credit Units

113

Project Based Sec. 8 Units

138.7

% of Fair Market Rent

31-Oct-16

Project Based Sec. 8 Contract Expiration

One, Two, and Three

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