Affordable Housing Hub
Low Income (LIHTC)Waitlist Closed

Magnolia on Lake

2220 W 2nd St, Los Angeles, CA, 90057

Information verified April 18, 2026ยทWe re-check waiting list status daily

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About This Property

Magnolia on Lake comprises 46 units in Los Angeles, with 45 designated as low-income housing. The property, which entered service in 2008, offers a mix of one-, two-, and three-bedroom units to serve families in the area. This non-profit owned community is funded through 9% Low-Income Housing Tax Credits.

Waitlist Information

Waitlist managed by Housing Authority of the City of Los Angeles

Public Housing Waitlist
Closed

The Public Housing waitlist is currently closed. Information regarding future openings is not available on this page.

Last verified April 11, 2026
Section 8 (HCV) Waitlist
Closed

The Housing Choice Voucher (HCV) program waitlist is currently closed. Information regarding future openings is not available on this page.

Last verified April 11, 2026

Waitlist data provided by section8waitlist.org

Updated April 18, 2026

Property Details

Total Units
46
1 Bedroom
16
2 Bedroom
14
3 Bedroom
16

Fair Market Rent - Los Angeles County, CA

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$1,777
1 Bedroom$2,006
2 Bedroom$2,544
3 Bedroom$3,263
4 Bedroom$3,600

Income Limits - Los Angeles County, CA

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$24,850
Very Low (50%)
$41,400
Low (80%)
$66,250
2 Persons
Extremely Low (30%)
$28,400
Very Low (50%)
$47,300
Low (80%)
$75,700
3 Persons
Extremely Low (30%)
$31,950
Very Low (50%)
$53,200
Low (80%)
$85,150
4 Persons
Extremely Low (30%)
$35,450
Very Low (50%)
$59,100
Low (80%)
$94,600
5 Persons
Extremely Low (30%)
$38,300
Very Low (50%)
$63,850
Low (80%)
$102,200
6 Persons
Extremely Low (30%)
$41,150
Very Low (50%)
$68,600
Low (80%)
$109,750
7 Persons
Extremely Low (30%)
$44,000
Very Low (50%)
$73,300
Low (80%)
$117,350
8 Persons
Extremely Low (30%)
$46,800
Very Low (50%)
$78,050
Low (80%)
$124,900

Tax Credit Program Details

Year Placed in Service
2008
LIHTC Credit Type
9%
Low-Income Units
45 / 46
Target Population
Families
Designations
Non-ProfitDifficult Development AreaQualified Census Tract

Frequently Asked Questions

What is the average rent for affordable housing in Los Angeles, CA?+

The Fair Market Rent (FMR) for Los Angeles County, CA is: $1777 (Studio), $2006 (1BR), $2544 (2BR), $3263 (3BR), $3600 (4BR). Actual rent at subsidized properties like Magnolia on Lake is typically 30% of household income or less.

What size apartments are available at Magnolia on Lake?+

Magnolia on Lake offers the following unit types: 16 One-Bedroom, 14 Two-Bedroom, 16 Three-Bedroom units, for a total of 46 units.

Is there a waitlist for Magnolia on Lake?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who is eligible to live at Magnolia on Lake?+

Magnolia on Lake primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

What are the income limits for affordable housing in Los Angeles County, CA?+

For a 4-person household in Los Angeles County, CA, the income limits are: Extremely Low Income (30% AMI): $35,450, Very Low Income (50% AMI): $59,100, Low Income (80% AMI): $94,600. These limits are set by HUD and updated annually.

What is the price range for apartments in Los Angeles, CA?+

Based on Fair Market Rent for Los Angeles County, the estimated price range is: 1-bedroom: $2006, 2-bedroom: $2544, 3-bedroom: $3263. Actual rent at Magnolia on Lake may be lower for income-eligible households.

How do I apply for housing at Magnolia on Lake?+

Magnolia on Lake is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

Who manages Magnolia on Lake?+

Magnolia on Lake is managed by . You can reach them at . Visit their website for more information.

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Walk Score

Walker's Paradise

91
Walk
72
Transit
59
Bike

Location

Los Angeles County, CA

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Housing Resources in Los Angeles, CA

HUD-Approved Counseling Agencies

EAST LA COMMUNITY CORPORATION (ELACC)

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FAITH AND COMMUNITY EMPOWERMENT FORMERLY KOREAN CHURCHES FOR COMMUNITY DEVELOPMENT

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KOREAN RESOURCE CENTER

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