Three- story, 17-unit apartment building will be on the rise in the heart of South L.A
LOS ANGELES, Oct. 30, 2023 /PRNewswire/ -- In the vibrant neighborhood known as the Vermont-Slauson pocket in South Los Angeles, a new low-income residential development will be built to accommodate 16 families or individuals that qualify for the different low income programs the Los Angeles County/City has available.
- The plans for the little more than 5,000 sq ft lot, located at 6406 S. Hoover St, call for a three-story 16 units apartment building, 100% affordable housing.
- The Vermont-Slauson neighborhood is close to the Interstate 110 Freeway, making it an accessible area to commute to and from.
- Currently about 27,000 people live in the roughly two square miles that make up the Vermont-Slauson area, most of them are young.
- Yanni Raz is the CEO of HML Investments a Hard Money Lending company founded in 2014 and is based in the San Fernando Valley.