Fig Project Investment

• Subject Property: 7620 Figueroa Los Angeles, CA 9003

• Development: 30 Units (27 1B+1B, 3 Studio)

• Gross Building SF: 32,832

• Multifamily SF: 24,624

• Rentable SF: 20,580

• Common Area SF: 4,044

• Parking SF: 8,208 (On-Grade)

•Opportunity to invest in a 24 unit apartment development project

•Existing on the lot are two structures, a vacant church on the north side of the 

property and a currently occupied single family residence on the south side of the

property

•The lot is 7,500 sf of land located on 949 W. 65th St Los Angeles, CA

•The property is zoned C2-1VL and lies within the Transit Oriented Communities (TOC) 

Tier 3 overlay, allowing an increase of 70% to density on the C2 zone with parking

incentives reducing the minimum to a .5 stall per dwelling unit

•The proposed development would be 4 stories tall, given the 45 foot height limit, 

and allows for sufficient on-grade parking upon application of TOC incentives for 24

one-bedroom units (21 market rate units and 3 Extremely Low Affordable Housing

Units; 10% Affordable Housing Dedication per TOC Guidelines)

· Opportunity to invest in a 22 unit apartment development project

· Existing on the lot are three structures, a church, single family residence, and duplex unit

•  Church: Month to Month Lease collecting $1,100/mo
• Single Family Residence: Vacant
•  Duplex Unit: 2 Two-Bedroom Units, currently leased under Rent Control totaling $2,400/mo

· The lot is 10,734 sf of land located on 8886-8904 S Vermont St Los Angeles, CA

· The property is zoned C2-1VL and lies within the Transit Oriented Communities (TOC) Tier 2 overlay, allowing an increase of 60% to density on the C2 zone with parking incentives reducing the minimum to a .5 stall per bedroom or 1 space per unit

· The proposed development would be 3 stories tall, given the 45 foot height limit, and allows for sufficient on-grade parking upon application of TOC incentives for 22 one & two bedroom units (19 market rate units and 3 Extremely Low Affordable Housing Units; 11% Affordable Housing Dedication per TOC Guidelines & Linkage Fee Exemption)