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The VILLAGE at Beechwood
 
Site:
•   Lancaster, CA, Los Angeles suburb of 124,500
•   4.536 acre site
•   Expiring HUD 236 restrictions placed it in danger
of being lost as affordable housing
•   Repairs had been neglected by previous owner

 
New features of The VILLAGE at Beechwood:
•   2,500 sq ft Community Center with game rooms, kitchen, computers,
office & laundry rooms
•   New landscaping, privacy gates, parking
•   New play equipment for children
•   On-site manager and maintenance
•   Wide range of social activities
100 Renovated Apartments:
•   New paint, cabinets, carpet, and flooring
•   New HVAC and energy efficient appliances
•   Double-pane windows
•   Low-flow toilets & hard-wired smoke detectors
Product Mix: 100 Total Units
•   20 one bdrm units •   68 units at 35% AMI
•   58 two bdrm units •   22 units at 40% AMI
•   21 three bdrm units •   2 units at 45% AMI
•   1 four bdrm unit •   7 units at 60% AMI
•   1 manager’s unit
•  
2007 Rents*: 1 bedroom - from $370
2 bedroom - from $440
3 bedroom - from $510

*Rents subject to change

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