Passo Secures Major Expansion with New Development Milestone, Reinforcing Its Role as One of the Leading Affordable Housing Developers in Los Angeles
In a bold move that further establishes its position at the forefront of mission-driven development, Passo today announced the off-market acquisition of 11970 Santa Monica Boulevard. The approximately 17,200-square-foot parcel had not traded hands in nearly 50 years. Passo plans to develop a new affordable housing community comprising ~162 units, leveraging the Los Angeles ED-1 program. The future building will span nearly 80,000 square feet, delivering much-needed housing in one of West LA’s most desirable and supply-constrained neighborhoods.
Passo Expands Portfolio with Acquisition of Three Prime West Los Angeles Sites for Affordable Housing Development
Passo, a Los Angeles-based affordable housing development and investment firm, today announced the acquisition of three additional sites in the Westwood and Sawtelle neighborhoods of West Los Angeles. These additions to Passo’s rapidly expanding portfolio illustrate Passo’s continued commitment to developing high-quality, affordable multifamily housing in the city’s most sought-after neighborhoods.
