The Neema Group is presenting an affordable housing development opportunity at 843 W 82nd St in South Los Angeles. This 9,301 SF lot comes fully entitled for 87 income-restricted units plus one manager’s unit, with no parking requirement. The central location offers proximity to employment hubs like Downtown LA, Vernon, and Huntington Park, making it an attractive choice for lease-up strategies such as PATH, LAHSA, or Section 8. The planned five-story project features Type III construction, optimizing for cost efficiency with a fully stacked design. The current duplex on the site will be vacant at escrow, enabling immediate construction without the need for further planning approvals or exposure to risks from future ordinances that might restrict similar high-density projects. The project spans 48,123 SF and offers a balanced unit mix: 4 studios, 79 one-bedrooms, and 5 two-bedroom units. With a low price per buildable unit, it provides a privately funded developer a chance for a strong return on cost without relying on tax credits or subsidies. Additionally, the affordability factor opens options for mission-driven financing through CDFIs or specialized lenders. With a Walk Score of 90, the property is within walking distance of the Metro B & D Rail Lines and multiple Metro Local Lines, providing easy access to areas like Westlake, Hollywood, Echo Park, and Downtown LA.