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Wednesday, Aug 17, 2022
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Nonprofit Opens 44 Units of Affordable Housing in Sun Valley

Construction on Casa Del Sol — a four-story, 44-unit affordable housing complex by nonprofit developer A Community of Friends — has wrapped up in Sun Valley. Located at 10966 W. Ratner St., the complex, which features two wings and a central courtyard, has been earmarked for formerly homeless senior citizens, according to Los Angeles County Housing Resource Center.  Designed by FSY Architects, which is based in Los Angeles, the building features 43 studio and one-bedroom apartments as well as a two-bedroom unit for the building manager.  The endeavor, which represents the eighth site in the North Los Angeles market for Koreatown-based A Community of Friends, also includes a 3,500-square-foot community room and a 15-vehicle parking area. Casa Del Sol is among the first county-supported developments to result from 2016’s $1.2 billion bond measure Proposition HHH, which aimed to create some 10,000 supportive housing units. With a price tag of $21.8 million, Casa Del Sol received partial funding from HHH money. The price would equal more than $495,000 an apartment. City Controller Ron Galperin last month issued a report saying the average cost of a unit built by HHH money is $559,000.

According to a 2018 report, apartment rents were pegged at $473 to $845 a unit.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.
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