456 W. 9th St., Los Angeles, CA 90731
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Joshua CappellRent | Beds | Baths | SqFt |
---|---|---|---|
Call for Rents† | Studio - 3 Beds | 1 Bath | - |
This property is currently under construction.
456 West is a mixed-use development featuring workforce housing and street-level commercial space in San Pedro. The six-story building contains 91 beautiful apartment homes above 4,900 square feet of commercial space, a large community center to serve as a hub for neighborhood events and activities, and a 60-car parking garage at ground level. The community will provide housing for individuals and families with household income-qualifying maximums at various set-asides ranging from 30 to 80 percent of the area median income. Retail space on the ground level will bring additional investment into the neighborhood and support local businesses.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests 456 West does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price† |
One Bedroom (1/1) | - | Call for Price† |
Two Bedroom (2/1) | - | Call for Price† |
Three Bedroom (3/1) | - | Call for Price† |
AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
---|---|---|---|---|---|---|
50% AMI for LIHTC Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year |
50% AMI for PBRA Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year |
60% AMI for LIHTC Units | $52,980 / year | $60,540 / year | $68,100 / year | $75,660 / year | $81,720 / year | $87,780 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 456 West have a waiting list?
456 West probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at 456 West?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges 456 West?
456 West is managed by National Core headquartered in Rancho Cucamonga, California.
In addition to 456 West, how many other affordable housing properties (and units) are there in Los Angeles?
In addition to 456 West, we list 1089 other affordable properties in Los Angeles. Learn about these properties here. Our data research shows that there are a total of 70531 affordable units in Los Angeles.
When was the 456 West listing last updated?
456 West listing on Affordable Housing Online was last updated on 08/02/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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