California Community

Puerta del Sol, Los Angeles

Puerta del Sol is a 165-unit mixed-use condominium /retail project located northeast of downtown Los Angeles in historic Lincoln Heights. The development is part of the ongoing revitalization of the neighborhood. Puerta del Sol is located on a 2.9-acre site, part of a master development adjacent to the new Avenue 26 / Cypress Park Gold Line station. The homes are designed around a large courtyard and have a mix of studios, lofts, and 2-, 3- and 4-bedroom family flats, most with balconies or patios. Live-work units line the frontage and have street access, creating a pedestrian environment. Equity funding was provided by the Genesis LA Economic Development Corp.’s “Genesis Workforce Housing Fund.” The fund is managed by Phoenix Realty Group, and Puerta del Sol is its inaugural investment in Los Angeles. Occupancy began in November 2006.

Unit Mix:
39 Studios
13 Studio lofts
15 Live-Work
50 2-bedroom
4 2-bedroom lofts
28 3-bedroom
16 4-bedroom

Affordability:
Up to 40% of units purchased with LA Housing Dept. Moderate Income Purchase Assistance.

Year Built

2006

Type

Family

No. Units

165

Total Cost

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Newman Garrison Gilmour + Partners

Financing

Equity

$6,000,000
Phoenix Realty Group

Construction

$35,400,000
Citibank Community Development

Permanent

Agency

Non-Profit