Silverview Apartments

Silverview Apts

2449 Hyperion Ave. Los Angeles, CA 90027

1997


Acquired in 1997, Silverview Apartments provides affordable housing in the rapidly gentrifying Silverlake neighborhood of Los Angeles. The property, acquired and renovated for approximately $1 million, has a high percentage of minority households, reflecting the surrounding Silverlake community. In 2012, the U.S. Department of Energy provided funds through Energy Upgrade California to conduct a comprehensive energy audit of the Silverview Apartments.


Unit Mix


25 units (11 one-bedroom units, 13 two-bedroom units, 1 one-bedroom manager’s unit)


Affordability


20% low- and moderate-income (50%-120% AMI). Units are made available to low-income households through Section 8 and Housing Opportunities for Persons with AIDS (HOPWA) subsidies.


Development Team


Lead Developer LTSC CDC
Community Partner N/A
Equity Partner N/A
Architect N/A
Contractor N/A


Project Financing


Predevelopment / Acquisition

    • N/A

Construction / Permanent

    • Citibank: Community Investment Program