809 W. 23rd St
Los Angeles, CA 90007
1306 S. Westlake Ave
Los Angeles, CA 90007
1048-1054 West 42nd St
Los Angeles, CA 90007
8640 S. Denver Ave
Los Angeles, CA 90007
2625 S. Harvard Blvd
Los Angeles, CA 90007
4807 S. Gramercy Pl
Los Angeles, CA 90007
Leasing Information
Leasing Phone:   323-733-7082
Leasing Fax:  323-733-2146
Jamboree’s Two Worlds Los Angeles family building streetview of Two Worlds
Jamboree’s Two Worlds Los Angeles family building streetview of Two Worlds
Jamboree’s Two Worlds Los Angeles family three-story building of Two Worlds
Jamboree’s Two Worlds Los Angeles walkpath between buildings of Two Worlds
Jamboree’s Two Worlds Los Angeles family building streetview of Two Worlds
Jamboree’s Two Worlds Los Angeles family building streetview of Two Worlds
Jamboree’s Two Worlds Los Angeles family three-story building of Two Worlds
Jamboree’s Two Worlds Los Angeles walkpath between buildings of Two Worlds

Acq/rehab of Multi-site Affordable Housing in L.A.

Joint venture partnership, family, senior low-income apartments

Jamboree partnered with Preservation Partners Development in the acquisition and extensive rehabilitation of this scattered multi-site affordable housing development in the University Park, Jefferson Park, Union-Pico neighborhoods of Los Angeles, CA. Preservation Partners Development and Jamboree have worked together since 2000. This joint venture has led to the development of five senior and 10 family communities with 1,500 apartments that provide long-term, secure housing and resident social services for very low-income families and seniors. Jamboree and Preservation Partners Development serve as co-general partners for these partnerships that own each community and Preservation Partners Development provides onsite management services at each property.

Residents of Two Worlds were temporarily relocated during the extensive renovation in 2009. Goals of the renovation included raising the quality of housing and ensuring long-term stability and affordability for residents. All sites are located in walkable areas with easy access to public transportation, shops and local schools and near the University of Southern California.


Community Features
  • Near mass transit
  • Laundry facility
  • Onsite resident services

Two Worlds

809 W. 23rd St
Los Angeles, CA 90007
1306 S. Westlake Ave
Los Angeles, CA 90007
1048-1054 West 42nd St
Los Angeles, CA 90007
8640 S. Denver Ave
Los Angeles, CA 90007
2625 S. Harvard Blvd
Los Angeles, CA 90007
4807 S. Gramercy Pl
Los Angeles, CA 90007
Map & Directions
Leasing Information
Leasing Phone:   323-733-7082
Leasing Fax:  323-733-2146
 

Details

Funding Sources
  • California Community Reinvestment Corporation: Permanent loan
  • HUD: Permanent loan
  • City of Los Angeles: HOME loan
  • Union Bank: 9% tax credit investment
Construction Type
  • Rehabilitation
Construction Team
Building Type
Garden-style
Resident Type
Family
Year Built
  • Built: 1920-1930
  • Rehab: 2009
Number of Units
96
Total Development Cost
$20.3 million
Area Median Income (AMI)
30% - 60%
Land Size
1.00 acres
Floor Plans
  • 65 Studio: 401-464 sqft
  • 21 One-bedroom: 363-792 sqft
  • 9 Two-bedroom: 954-1,166 sqft
Jamboree's Role
  • Owner
 
Partner View (Change to Resident)
Jamboree Housing Corporation
Jamboree Housing Corporation
17701 Cowan Ave, Suite 200
Irvine, CA 92614
(949) 263-8676
Contact Us
© Copyright 2018 Jamboree Housing Corporation. All Rights Reserved.
© Copyright 2018 Jamboree Housing Corporation.
All Rights Reserved.
Access for All Equal Housing Opportunity
Access for All Equal Housing Opportunity