ADDRESS:
9541 W. Ball Rd
Anaheim, CA 92804
(714) 635-0226
COUNTY: Orange County
PROJECT DESCRIPTION:
Las Palmas and Payne Development Corporation have joined forces yet again in building this 49-unit community in Anaheim, California. This project consists of four (4) attached three-story buildings, with a two-story recreation building attached to the west end. Construction was completed in January of 2009 and units are available to families earning between 30% and 50% of the area median income.
Cornerstone is located in close proximity to several amenities, including the Orange County Transit Authority bus service stop, public schools, a medical clinic and a pharmacy. A full-scale grocery store is located within ¼ mile from the project.
AMENITIES INCLUDE:
Recreation Building
Tot-lot
Laundry facilities
Multipurpose social room
Computer center with bi-weekly instructor
Manager’s office
Exercise room
High-speed internet in each unit
RECREATION BUILDING:
The Recreation Building serves as the center of services for the residents of Cornerstone Apartments. Through the main entry you will find the computer center, the multi-purpose room, management offices, and an exercise room. The computer center offers residents day-time and evening computer use and internet access, and also hosts bi-weekly educational classes open to both adults and children. This facility offers the opportunity to residents for resume writing, homework completion and research projects. Close by is the Manager’s office which offers a place for consultation, counseling, and interviews.
PROPERTY MGMT: Richman Property Services, INC
FINANCING:
Tax Credit Equity Investor: The Richman Group
Construction and Permanent Lender: Citicorp, USA
UNIT MIX:
49 units
Number of Units / Bedrooms / Unit Size
24 / 3 / 1,002 sq. ft.
24 / 2 / 879 sq. ft.
1(Manager Unit) / 2 / 879 sq. ft.
100% AFFORDABLE:
Number of Units % AMI
5 / 30%
5 / 40%
24 / 50%
14 / 60%
1 Manager’s unit
RESIDENT SERVICES: More Information
