Independent living
740 S. Olive Street Apartments
Independent living in Los Angeles, California
| Provider details | |
|---|---|
| Address | 740 S Olive St, Los Angeles, CA 90014 |
| City | Los Angeles |
| State | California |
| Phone | 213-689-4868 |
| Website | https://www.related.com/our-company/properties/olive-street-preservation |
| Age requirement | 62 and older |
| Age rule basis | HUD designates this property's client group as elderly, and HUD multifamily elderly housing eligibility is age 62 or older for the head of household. |
| Apartments | 308 |
| Housing program | HUD Section 8 project-based assistance |
| Income restricted | Yes |
More about this provider
| Related's own site describes Olive Street Preservation as the restoration of a HUD-assisted senior housing complex in the historic core of downtown Los Angeles, originally built in 1922 as a Pacific Bell office building, with 309 units and completion in 2007, preserving affordable housing; Related renewed the Section 8 contract with HUD and financed the restoration with an FHA loan along with low-income housing tax credits. | |
| Who it serves | HUD-assisted senior housing complex (as described on Related's page) |
| Visiting and contact details | Leasing Office (213) 689-4868; 740 S. Olive Street, Los Angeles, CA, 90014 |
| Website | https://www.related.com/our-company/properties/olive-street-preservation |
Who pays for independent living?
What this care costs, and who pays — Medicare, Medicaid, or the family — is covered in these guides:
- How to Pay for Independent Living: Rent, Income, and Rental Help
- What Senior Apartments Cost: Rent, Fees, and What the Monthly Payment Covers
Independent living guide · Paying for care
Common questions about 740 S. Olive Street Apartments
Where is 740 S. Olive Street Apartments located?
740 S. Olive Street Apartments is at 740 S Olive St, Los Angeles, CA 90014.
How do I contact 740 S. Olive Street Apartments?
Call 740 S. Olive Street Apartments at 213-689-4868.
How much does independent living cost?
There is no single price for independent living. Rent is set by each community and varies a lot by city. The cost survey this site uses does not publish a national median for independent living, so we do not print one. Medicare does not pay for it, so families pay the rent out of pocket. See our guide to independent living costs and who pays for the full picture.
Does Medicare pay for independent living?
No. Medicare does not pay rent or housing costs. It pays for your medical care while you live there, like doctor visits, hospital care, and home health visits. The housing itself is paid out of pocket.
What is the difference between independent living and assisted living?
Independent living is housing for older adults who can live on their own. It gives a private home, meals in some places, and social activities. It does not include help with daily tasks. Assisted living adds that help. Staff help with bathing, dressing, and medicine, and staff are on hand day and night.
Who else pays for independent living besides Medicare?
Families pay the rent out of pocket. No insurance pays for independent living rent. Low-income senior apartments funded by HUD keep rent lower for people who qualify. Some veterans put VA pension payments toward the rent.