Description Location
Los Angeles, CA 90026

Product Type
100% Affordable Housing | ED1
Deployment Period | 7 Years

Strategy:

A flagship ED1 redevelopment in Echo Park, 801 N Alvarado will deliver 56 units / 61 beds of deeply affordable housing through full in-house development and construction. The project leverages a 33,000 SF building on a 12,678 SF infill lot, maximizing density in a high-demand location.

Opportunity:

This ED1 site is entitled for fast-track approvals (CEQA-exempt, 60-day timeline), with LADWP utility grants and property tax exemption. Voucher-backed rents and strong city support further position the project for stable long-term returns and policy-aligned impact.

Target IRR | 29.2%
Target Untrended ROC | 7.25%
Construction Timeline | 18 Months
Total Investment Horizon | 7 Years (2025–2032)