Berendo Lofts

728 S Berendo St
Los Angeles, California
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Units

Unit (Bd/Ba)Ft2Rent
Studio (Studio/1)StudioBr./1Ba.500 $825Message

About Berendo Lofts

This building is in the heart of LA! Walking distance from everything!! Near LACC, Southwestern University, grocery stores, night life, LA Live Staples Center and much more. Perfect for FIDM and USC students. Great for those who love the city life, and appreciate New York style apartments. This location is Walker's Paradise which means daily errands do not require a car. The closest transit routes are the 8th / Catalina 66 Metro Line. The units include art deco, granite counter tops, stainless steel appliances, built in vanities, hardwood floors, exposed bricks, elevator, on site laundry, and controlled access. All utilities included! This property has a Walk Score of 91. Cats allowed with an additional $200 deposit. Dogs allowed with an additional $300 deposit. Professionally managed by Statewide Enterprises, Inc. (A+ rated by the Better Business Bureau).Pictures in this ad are a representation and may not reflect the actual apartment that is currently available. SPECIAL: MENTION THIS AD AND RECEIVE 2 WEEKS FREE ON APPROVED CREDIT!*Listed security deposit is on approved credit. **Six month lease available with $50 surcharge. The rent, deposit, concession and terms listed in this ad are only valid for the actual date that this ad was initially posted.

Property Details

  • 40 studio bedroom units.
  • $25 application fee
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Unit Amenities

  • Oven and Range
  • Water Trash and Sewer Included
  • Heat and Air

Section 42 Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

Los Angeles Low Income Housing Tax Credit Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50%$33,950$38,800$43,650$48,450$52,350$56,250$60,100$64,000
60%$40,740$46,560$52,380$58,140$62,820$67,500$72,120$76,800

Berendo Lofts was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

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