ADDRESS:
351 N. West Street
Tulare, CA 93274
(559) 688-1626
COUNTY: Tulare
PROJECT DESCRIPTION:
The first phase of Valley Oaks, developed in partnership between Las Palmas and Payne Development Corporation, was completed in December of 2007. The 81 units are made up of ten (10) two-story buildings and one (1) two-story recreation building. The recreation building contains an office, multi-purpose room, laundry facilities, and a computer center. The second phase of Valley Oaks was completed in 2011, which added another 72 units for a grand total of 121 units.
AMENITIES INCLUDE:
Recreation Building
Pool, barbecue, and picnic area
Tot-lot
Laundry facilities
Multipurpose community social room
Full-service kitchen facility within community room
Computer center with bi-weekly instructor
Manager’s office
Exercise room
High-speed internet in each unit
The community has access to the Tulare County bus service and is located in close proximity to several amenities, including a public park, public school, and a pharmacy. A full-scale grocery store is located within 1/4 mile of the property.
PROPERTY MGMT: Richman Property Services, INC
FINANCING:
Tax Credit Equity Investor: The Richman Group
Construction and Permanent Lender: CitiBank
UNIT MIX:
Phase I: 81 units
Number of Units / Bedrooms / Unit Size
21 / 4 / 1,200 sq. ft.
40 / 3 / 1,002 sq. ft.
20 / 2 / 801 sq. ft.
Phase II: 72 units
Number of Units / Bedrooms / Unit Size
28 / 2 / 801 sq. ft.
36 / 3 / 1,002 sq. ft.
8 / 4 / 1,200 sq. ft.
Equal Housing Opportunity100% AFFORDABLE:
Phase I:
Number of Units / %AMI
8 / 30%
8 / 40%
40 / 50%
24 / 60%
1 Manager’s Unit
Phase II:
Number of Units / %AMI
7 / 30%
7 / 40%
35 / 50%
21 / 60%
2 Manager’s Unit
RESIDENT SERVICES: More Information
