California Community

Mirandela, Rancho Palos Verdes Los Angeles County

Mirandela is the first affordable community in Rancho Palos Verdes with opening in 2011.

The Mediterranean-style development is located on a hillside of 2.9 acres and consists of an L-shaped building with 34 affordable seniors units of 1 and 2 bedrooms. Extensive grading was required. Entitlements included a CUP, Zone Change and Zone Text Amendment.

Construction is two levels of Type V wood construction with surface parking. Design is Title 24 +15% energy efficiency.

Mirandela is conveniently located near PVPTA and MTA bus stops, Highridge Park, Palos Verdes Library, Palos Verdes Medical Center, pharmacies, and a grocery market. Amenities include a barbecue and seating area in the back yard, and 1,400-s.f. community clubhouse with a computer lab and media room.

The project is financed with an allocation of $7,273,000 in 9% Low-Income Housing Tax Credits in 2009, and City of Rancho Palos Verdes RDA funds.

Construction began in 2009.

100% affordable:
7 units – 30% AMI
1 unit – 40% AMI
17 units – 50%

Photos

Year Built

2011

Type

Senior

No. Units

34

Total Cost

$12,969,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Withee Malcolm

Financing

Equity

$5,309,000
Bank of America

Construction

$2,888,000
Bank of America

Permanent

$689,000
Bank of America

Agency

$6,790,000
City of Rancho Palos Verdes RDA

Non-Profit

Las Palmas Foundation