Sunrise Apartments replaces old apartments on Main Street in South Los Angeles with a new senior development. The Craftsman-inspired design complements the historic family neighborhood to the west.
Sunrise consists of 46 units, primarily with 1-bedroom apartments for low-income seniors. Construction will be four levels of Type V wood over Type I concrete semi-subterranean parking with 25 spaces. Site area is 18,000 sf (108 dua).
Sunrise is near MTA local and Rapid bus routes on Main Street and Broadway, 51st St. Park, Serra Library, 52rd St. Elementary School, markets, pharmacies and health clinics.
Sunrise was financed with a $6,019,000 allocation of 9% Low-income Housing Tax Credits in 2010, conventional debt and agency funds from the Prop. 1C Infill Infrastructure Grant fund, ARRA federal stimulus fund, Los Angeles County (City of Industry) and Los Angeles CRA.
100% affordable:
5 units – 30% AMI
5 units – 40% AMI
23 units – 50% AMI
12 units – 60% AMI
2012
Senior
46
$13,243,000
AMCAL Multi-Housing
AMCAL General Contractors
Withee Malcolm
$4,935,000
Hudson Housing Capital
$4,142,000
Citibank
$920,000
Citibank
$2,203,000
L.A. Housing Dept.
$2,038,000
Prop. 1C Infill
$1,374,000
City of Industry
$890,000
L.A. CRA
Las Palmas Foundation