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Azusa Apartments

Project Summary

A substantial rehabilitation has completed at the aging Azusa Apartments including vastly improved interiors, Resident amenities, and common space. Sustainable improvements are seen in energy and water efficiency upgrades that include a new “cool” roofs, dual pane windows, new air conditioning units, a solar photovoltaic system, domestic solar hot water panels, and drought-resistant landscape with new irrigation system that minimizes water use. Within the units, Residents enjoy Energy Star appliances and fixtures, formaldehyde-free cabinets, sustainable hard flooring, “green” carpet and pads.

The common space is upgraded with a new contemporary play structure, Resident garden, picnic and BBQ area, as well as an ADA accessible community building that houses a full kitchen, computer lab, and learning center.

Azusa Apartments are purchased by the Developer to preserve the affordability of the community from being converted to market rate.

Azusa Apartments

Project Facts

Address

805 S. Cerritos Avenue
Azusa, CA 91702

Project Type

Multi Family – Rehabilitation
88 units
Construction Cost – $ 5.7 million

Developer

Woodcroft Street Housing Associates, L.P.

Financial Partners

Lender: RED Capital Group
Equity: Union Bank

Architect

The John Stewart Company

Financing

9% Low Income Housing Tax Credits
HUD 221 (d) 4 Loan


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