Charles Street Terrace Apartments Property Tour

Charles Street Terrace Apartments Property Tour

Location: Moorpark

396 Charles Street, Moorpark, CA 93021

Type of Complex:

Family Housing

Number of Units: 20

14 Two-bedroom units
6 Two-bedroom units

Year Built:

2012
Construction Cost:
$9,300,000

Amenities:

Centrally located in downtown Moorpark, Charles Street Terrace features underground parking, Internet, spacious community room, laundry room, and a fully-equipped tutoring center.  There is also an airy outdoor patio and common area on the second floor.  Three-bedroom units provide hook ups for a small washer and dryer.

In addition, the property’s design includes many environmentally friendly elements including solar voltaic lighting, permeable concrete, solar heating, and energy efficient appliances.

Units are restricted to residents whose income is between 30% and 55% of the area median income.

Funding Summary:
Funding for construction was provided by tax credits, redevelopment funds from the City of Moorpark, a HOME grant, and conventional loans.