Property Detail

Description

We are proud to present, for the first time since its construction in 1999, the sale of the Figueroa Oaks! This 32 unit affordable housing investment opportunity was built under the Low Income Housing Tax Credit program providing much needed housing to qualifying tenants. Comprised of extremely open and functional floor plans, the unit mix consists of huge Two, Three and Four bedroom units. The property sits on over 46,000 Sq Ft of land and offers several common area amenities including a playground area, recreation meeting room, laundry room and BBQ area. Tenants are also offered assigned parking in the building's gated lot 51 parking spaces total. The property may qualify for Low Income Housing Tax Credits (LIHTC) from the California Tax Credit Allocation Committee (CTCAC). Buyer to verify and investigate tax credit opportunities and regulatory agreement restrictions.