Las Brisas Apartments
Las Brisas Apartments, located in Cudahy, is a 100-unit family property built in 1971. It is eight miles east of downtown Los Angeles. The parcel of land on which the property sits boasts especially lengthy dimensions (termed “railroad lots”), originally intended to allow residents to keep a large garden, fruit grove or even horse stables. The architectural design of the property recalls that intent by shaping a calming, garden-style presence, which still provides convenient access to the 710 Freeway and greater Los Angeles.
Upon acquiring the property, Impact’s rehabilitation effort centered on repairs needed to preserve the property for the next generation. New roofs, new attic insulation and new resident air conditioning units greatly improve the comfort level of residents and reduces household utility costs. The community clubhouse was refreshed from floor to ceiling and from restrooms to kitchens. Residents now have a welcoming and functional community space where they can gather.
Summary
Name: Las Brisas Apartments
Location: Cudahy, CA
Property Type: Family, 100% Affordable
Total Project Cost: $16,500,000
Unit Mix: 100 Units
- 12 1-Bedroom Units
- 80 2-Bedroom Units
- 8 4-Bedroom Units
Date Acquired: November 6, 2014
Rehabilitation Cost: $2,167,000
Financing Partners: Citi Community Capital
Boston Financial Investment Management
Financing: Citibank Private Placement
Low Income Housing Tax Credits
Tax-Exempt Multifamily Housing Bonds
