Magnolia Villas is managed by EAH.
Magnolia Villas is a 40-unit apartment for low income seniors that are 62 and older. The community has four stories of 39 one-bedroom units and 1 two-bedroom unit (manager).
The surrounding areas offer useful health amenities and transportation options for residents. Both Kaiser Permanente and UCLA Medical Center are in the vicinity as well as several pharmacy locations. The development is located close to several bus stops with access to multiple bus lines. Many leisure options are available within a mile such as the Santa Monica Pier, Santa Monica State Beach and Third Street Promenade for access to movie theatres, restaurants, cafes and shopping. Magnolia Villas offers affordable housing to qualified applicants meeting low income and other program requirements.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 458 | Call for Price |
Day | Hours |
---|---|
Monday | 8:00am-5:00pm |
Tuesday | 8:00am-5:00pm |
Wednesday | 8:00am-5:00pm |
Thursday | 8:00am-5:00pm |
Friday | 8:00am-5:00pm |
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.