Executive Summary

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• The Neema Group is pleased to present an affordable housing development opportunity at 1432 E 25th St just south of Downtown Los Angeles. The 10,509 SF lot will be delivered RTI for 54 income-restricted units and 1 manager unit. The project is located between Hooper Ave and Compton Ave, just 3 miles east of USC.
• The project is offered at a low $44,545 per buildable unit, with no tenant relocation required. There is currently an existing 4,196 SF structure that will be delivered vacant at the close of escrow.
• Plans call for 6 singles (320 SF) and 49 one-bedroom units (388 SF) with no parking required. The four-story building totals 26,048 SF and includes amenities such as a 4,400 SF communal roof deck, allowing residents unobstructed views of Downtown Los Angeles to the north.
• Located in a dense, infill location of South Los Angeles with an easy commute to Downtown and Vernon; walk score of 77 and walking distance to multiple Metro local lines and the Metro A rail line
• The cost-efficient design calls for four stories of Type V construction, with no parking requirements.
• Design features of the project include stucco-clad, vertically undulating balconies sweeping across the main elevation seamlessly integrating modern design elements with functionality.
• Potential design finishes for the balconies include a wood trim on all inside-facing planes, and a design element that is continued through the building’s exterior-facing corridors, creating outstanding visual appeal, and elevating the project above other new developments.

Area Overview

METRO CRENSHAW/LAX LINE –TRANSIT PROJECT

The Metro Crenshaw/LAX Line will extend from the existing Metro Exposition Line at Crenshaw and Exposition Boulevards. The Line will travel 8.5 miles to the Metro Green Line and will serve the cities of Los Angeles, Inglewood and El Segundo; and portions of unincorporated Los Angeles County. The new Metro Rail extension will offer an alternative transportation option to congested roadways and provide significant environmental benefits, economic development and employment opportunities throughout Los Angeles County. Riders will be able to make easy connections within the entire Metro Rail system, municipal bus lines and other regional transportation services.

The Crenshaw/LAX Transit Project will serve the Crenshaw District, Inglewood, Westchester and surrounding area with eight stations. The Crenshaw/LAX Project is one of 12 transit projects funded by Measure R, the half-cent sales tax approved by Los Angeles County voters in 2008.

SOFI STADIUM

SoFi Stadium is a stadium and entertainment complex that opened in 2020 in under construction in Inglewood, California, United States. It is located at the former site of the Hollywood Park Racetrack, approximately 3 miles (4.8 km) from LAX, immediately southeast of The Forum.

The stadium serves as the home for the Los Angeles Rams and Los Angeles Chargers of the National Football League (NFL). It serves as the home of the LA Bowl. During the 2028 Summer Olympics, the stadium is expected to host the opening and closing ceremonies, soccer, and archery.

The new home for the Los Angeles Chargers and Rams will be the largest stadium in the NFL . Costing nearly $5 Billion ( $ 4.963 Billion), the 3 Million sq .Ft . stadium is set to be the largest stadium in the NFL and will be able to seat 70 ,240.

The NFL stadium is only one part of a larger plan . The area around the stadium, known as Hollywood Park, is also under construction and will include about 3 ,000 new residential units, 620 ,000 square feet of shops and restaurants, green space including a manmade lake, and lastly a revamped casino . The new Hollywood Park is expected to be completed in 2023.

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