The Grand LA

151 S. Olive St., Los Angeles, CA 90012

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Connor Bailey, Colleen Carter, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 3 Beds	1 Bath	-

Call (213) 271-9850 Email

Waitlist Forecast

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.

The Grand LA is an affordable apartment community offering studio, 1-, 2-, and 3-bedroom units.

Dave's Thoughts On The Grand LA

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 The Grand LA 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

The Grand LA Amenities

Controlled Access
Elevator
Fitness Center
Business Center
On-Site Manager
Gated Community
Air Conditioning
Dishwasher
Garbage Disposal
Microwave
Washer and Dryer Hookup
Cable Ready
Refrigerator
Community Media Center
On-Site Maintenance
Swimming pool
Energy Efficient Appliances

Units at The Grand LA

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^†

Income Qualification for The Grand LA

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

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.

FAQs for The Grand LA

Does The Grand LA have a waiting list?

The Grand LA 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 The Grand LA?

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 The Grand LA?

The Grand LA is managed by Related Companies headquartered in Irvine, California.

In addition to The Grand LA, how many other affordable housing properties (and units) are there in Los Angeles?

In addition to The Grand LA, 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.