Bienvenidos/ Welcome
4 Marzo, 2013/ March 4, 2013TRUST South LAAbode Communities
Rough Development Timeline Milestone Date
Site Acquisition July 2012
Entitlement & Planning Approvals June 2013 - October 2014
Building Permits October 2015
Financing June 2013 – November 2015
Construction December 2015 - February 2017
Marketing & Lease Up February 2017 - May 2017
Plano del Sitio
30% AREA MEDIAN INCOME ($25,000 for a family of four)
No. of Bedrooms Square Feet No. of Units Rent
1 573 3 $443
2 750 15 $518
3 1,050 9 $596
40% AREA MEDIAN INCOME ($33,000 for a family of four)
No. of Bedrooms Square Feet No. of Units Rent
1 573 2 $601
2 750 14 $705
3 1,050 8 $811
50% AREA MEDIAN INCOME ($41,500 for a family of four)
No. of Bedrooms Square Feet No. of Units Rent
1 573 4 $759
2 750 34 $891
3 1,050 17 $1,026
60% AREA MEDIAN INCOME ($49,000 for a family of four)
No. of Bedrooms Square Feet No. of Units Rent
1 573 4 $917
2 750 20 $1,077
3 1,050 8 $1,241
Tradeoffs/ Concesiones
• Cost of Owning a Car/ El costo de tener un auto
Low Car Ownership
VEHICLES AVAILABLE % of total LA-Wide% of total South LA
0 7.5%
26%
1 28% 38%
237%
22%
3 or more17%
14%
Cost of Parking/ El Coste de Estacionamiento
$47,880 (per space)
x 29 (# of spaces)
$1,388,520