1801 N LA Brea Ave, Los Angeles, CA 90046
Waiting List Forecast: Likely Short or None
Verified for 2018 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 4 Beds | 1 - 2 Baths | 400 - 1,335 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
La Brea Franklin Apartments is a 40-unit, tax credit property located at the north end of La Brea Avenue in Hollywood, Los Angeles, CA. The waiting list is currently closed.
Studios, one, two, three and four bedroom townhouse style apartments are available. There is a spacious community room for resident use, as well as laundry facilities, assigned secured parking, and two outdoor recreation areas. The La Brea Franklin resident community is active in planning building events ranging from baseball outings to potluck dinners. The property is adjacent to Runyon Canyon Park with views from downtown Los Angeles to the Pacific Ocean.
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 La Brea Franklin Apartments 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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) | 400ft2 | Call for Price† |
| One Bedroom (1/1) | 550ft2 | Call for Price† |
| Two Bedroom (2/1) | 830ft2 | Call for Price† |
| Three Bedroom (3/2) | 1109ft2 | Call for Price† |
| Four Bedroom (4/2) | 1335ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year | $78,200 / year | $83,250 / year |
| 50% AMI for PBRA Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year | $78,200 / year | $83,250 / year |
| 60% AMI for LIHTC Units | $52,980 / year | $60,540 / year | $68,100 / year | $75,660 / year | $81,720 / year | $87,780 / year | $93,840 / year | $99,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does La Brea Franklin Apartments have a waiting list?
La Brea Franklin Apartments 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 La Brea Franklin Apartments?
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 La Brea Franklin Apartments?
La Brea Franklin Apartments is managed by Thomas Safran & Associates headquartered in Los Angeles, CA.
In addition to La Brea Franklin Apartments, how many other affordable housing properties (and units) are there in Los Angeles?
In addition to La Brea Franklin Apartments, 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.
3035-3045 Sierra Street , Los Angeles, California 90031
2010 Chariton Street, Los Angeles, California 90034
2250 Parkside Ave, Los Angeles, California 90031
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Kathy Bleser says:
"I was prepared to relocate for a Section 8 voucher, but this website alerted me to a waiting list opening in my own city. Within six months, I had a voucher! Thank you Affordable Housing Online!"