11031-11035 Aqua Vista St
11031-11035 Aqua Vista St is a fully entitled affordable housing site in prime North Hollywood, minutes from Studio City. The site is currently RTI for 89 units with efficient Type IIIA design and Tier 7 Section 8 eligibility. Major employment hubs nearby and HACLA’s push for voucher mobility support a true bifurcated lease-up strategy. Effective July 1st, income ceilings are $84,800, with 1+1 rents at $2,272. Further upside when HUD funding returns, bringing a return to the SAFMR tiers and a Section 8 VPS of ~$3,000 for 1+1s. July 2025 rent increases materially boost underwriting, with additional upside via vouchers.
