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The original item was published from 5/24/2013 9:24:00 AM to 6/24/2013 3:17:24 PM.

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Posted on: May 6, 2013

[ARCHIVED] Huntington Plaza Apartments to Undergo $4.6 Million Renovation

One of the largest senior housing complexes in Huntington Park will undergo significant renovations under a major public/private partnership headed by the City of Huntington Park.

The project will substantially renovate the Rugby Plaza Senior Apartments and its 184 senior housing apartments, while maintaining affordable rent limits for residents. With the renovations the senior housing project will also undergo a rebranding and name change to “Huntington Plaza Apartments.”

The original Rugby Plaza Senior housing project owners and the City negotiated a purchase and sale agreement to sell the affordable senior housing units and public parking structure to the new owner and property manager USA Properties Funds, a California-based real estate development company that specializes in affordable senior housing and public/private partnerships.

Once the sale is finalized, USA Properties will begin a major $4.6 million renovation of the apartment complex, which was originally built in 1996. Improvements will include ADA enhancements, solar energy efficiency, a new roof, electrical, plumbing, windows, elevator, boilers, heating and cooling system, flooring, carpeting, and new appliances, among others.

In order to facilitate the acquisition and renovation, the City will loan $1.9 million to USA Properties. The loaned funds come from a portion of the City’s $4.8 million proceeds after the sale of the adjoining parking garage. The City will retain a perpetual parking structure easement on the existing 130 public parking spaces.

Located at 6330 Rugby Avenue, Rugby Plaza Senior Apartments provides affordable housing for people 55 years-old and older. The complex provides 147 one-bedroom units and 37 two-bedroom units, as well as on-site social services for residents.

Project summary
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