Bowen Court Senior Apartments

1978 Lake Street, Huntington Beach, CA 92648
Status: Available
Year Built: 2002
Price: UNPRICED
# of Units: 20
# of Stories: 2
Rentable SF: 11,016
Lot Size: .72 Acres

Quick Stats:

  • AMI in Orange County has Increased by 9.06% in the Last Two Years
  • Very Low Vacancy at the Property with an August 2018 Trailing- 12 Occupancy Rate of Above 90%
  • 11 Million People Visit Huntington Beach Annually
  • 4th of 116 Cities Nationwide in “Best Financial Shape” (Financial Times 2017)
  • Senior LIHTC Property Located in North Huntington Beach Between Highway 1 and Interstate 405, Within Minutes to Shopping, Entertainment, Beaches, & Parks

Description:

Bowen Court Senior Apartments is a 20-unit affordable housing community located in Huntington Beach. CA. Within blocks of the property you will find parks, shopping, restaurants, health care, entertainment, public transportation, and Highway 1.

The property was built and placed into service in 2002 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place with California Tax Credit Allocation Committee (TCAC), which requires all units to be rented to income qualifying tenants earning no more than 45% and 50% of the Area Median Income. The property is beyond it’s initial tax credit compliance period. There is an additional regulatory agreement with the City of Huntington Beach.

Residents enjoy various amenities such as balconies, patios, air conditioning, clubhouse, game room, garages, and on-site laundry facilities.

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