Triangle Square

What Triangle Square does

Triangle Square Apartments is a 104-unit affordable senior housing community located at 1602 Ivar Ave in Hollywood, Los Angeles, CA, serving residents aged 62 and older. The property was developed in collaboration with the Los Angeles Lesbian, Gay, Bisexual, and Transgender (LGBT) Center, which delivers onsite social services, daily lunches five days per week through its culinary arts program, monthly resident celebrations, fitness classes, and inclusive holiday programming. Triangle Square positions itself as an LGBT-inclusive affordable housing option, with one- and two-bedroom accessible units featuring grab bars, mobility features, and hearing/vision accommodations, alongside amenities such as a resort-style pool, community garden, art room, computer lab, and library.

The underlying technology stack is minimal: there is no proprietary platform, and operations rely on the property marketing website (trianglesquareapts.com), a third-party resident portal hosted at trianglesquareapts.loftliving.com, and an external lease application platform (On-Site). No APIs, integrations, AI capabilities, or proprietary data assets are disclosed.

The business model is a single-stream rental income operation under an affordable housing designation, with rent determined by income eligibility and Housing Choice Vouchers (Section 8) accepted. The asset is managed by Asset Living, a third-party property management company headquartered in Houston, TX, which handles leasing, resident services, and on-site operations. Go-to-market is direct-to-consumer through the property website, phone inquiries, and an on-site leasing office, targeting LGBT seniors and other low-income seniors aged 62+ who qualify for affordable housing in the Hollywood submarket.

Name

Triangle Square

Legal name

Triangle Square Apartments

Website

https://trianglesquareapts.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Triangle Square is a 104-unit affordable senior housing (62+) community in Hollywood, Los Angeles, developed with the LA LGBT Center and managed by Asset Living, offering accessible units, onsite social services, and Section 8 voucher acceptance.

Ownership category

akta.pro rank

Product category

Affordable Senior Housing

NAICS

Other Residential Care Facilities (623990)

SIC

Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

Keywords

• Affordable senior housing
• Senior apartments
• Income-based rentals
• Accessible housing units
• LGBT senior community

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Residential Rental Income: 104-unit affordable senior housing property generating rental income from tenants. The property accepts housing vouchers as a form of payment, indicating participation in government housing assistance programs. Pricing is income-based for affordable housing eligibility.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Triangle Square is a 104-unit affordable senior housing community in Hollywood, CA, renting one- and two-bedroom accessible apartments to residents aged 62 and older at income-based rates, with acceptance of Housing Choice Vouchers. Residents receive onsite social services, daily meals five days per week, fitness classes, monthly celebrations, and inclusive holiday programming delivered through the Los Angeles LGBT Center partnership, alongside resort-style amenities such as a pool, community garden, fitness center, and computer lab.

Product overview

Triangle Square is a 104-unit affordable Senior Housing (62+) community in Hollywood, CA. The property offers one and two-bedroom units with modern amenities including private balconies/patios in select units, full kitchens, and accessible features. The community provides comprehensive amenities such as a resort-style pool, fitness center, computer lab/library, and art room. Social services, meals, and activities are provided by the Los Angeles LGBT Center. The portfolio consists of 1 Bedroom Units, 2 Bedroom Units, Community Amenities, Social Services, and a Resident Portal.

Differentiator

Problem solved

Functional benefit

Products and services

• 1 Bedroom Senior Apartments Affordable one-bedroom apartment units for seniors aged 62 and older, featuring heating and air-conditioning, a full kitchen with range and oven, showers with grab bars, refrigerator, vinyl flooring, and private balconies or patios in select units. Designed for income-qualified seniors, with accessible units available for individuals with disabilities requiring mobility or hearing/vision features.
• 2 Bedroom Senior Apartments Affordable two-bedroom apartment units for seniors aged 62 and older, offering the same amenity package as one-bedroom units, including heating and air-conditioning, full kitchen with range and oven, showers with grab bars, refrigerator, and vinyl flooring, with private balconies or patios in select units. Accessible units are available for individuals with mobility or hearing/vision needs.
• Community Amenities Shared community amenities available to all Triangle Square residents, including a resort-style pool, fitness center, community room, computer lab and library, art room, TV room, community garden, spacious outdoor patio seating areas, and laundry facilities on each floor. Parking is offered to residents based on availability.
• Social Services Program Onsite social services, meals, and activities delivered by the Los Angeles LGBT Center, including daily lunches five days per week through the Center's culinary arts program, monthly resident celebrations, fitness classes, inclusive holiday celebrations, and community programming designed for LGBT seniors.
• Resident Portal Online resident portal (Loft Living) for Triangle Square residents to access services, make rent payments, and communicate with property management.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Los Angeles LGBT CentercoreStrategic or Co-development PartnerThe Los Angeles LGBT Center collaborated on the development of Triangle Square and provides comprehensive onsite social services to residents. Services include daily meals provided through the Center's culinary arts program five days per week, monthly resident celebrations, fitness classes, and inclusive holiday celebrations. The Center also provides activities and community programming for residents.

Scale indicators2 records

Recent moves4 records

Expansion highlights1 record

Broad incumbents

• Asset Living: Houston-based national third-party property management firm managing Triangle Square and thousands of other multifamily and senior housing properties. Comparable as the operator responsible for daily leasing and property operations.
• HumanGood: Large nonprofit operator of affordable and market-rate senior housing communities across the West Coast and beyond. Comparable as a diversified affordable senior housing operator with similar mission-driven structure.
• National Church Residences: One of the nation's largest nonprofit affordable senior housing providers, operating hundreds of communities across multiple states. Comparable as a large incumbent in affordable senior housing with subsidy-backed operations.
• Volunteers of America National Services: National nonprofit operating affordable senior housing, assisted living, and supportive services across the US. Comparable as a diversified affordable senior housing operator serving low-income seniors, often with HUD/voucher funding.
• SAGE (Services & Advocacy for GLBT Elders): National nonprofit organization providing advocacy, housing, and services for LGBT elders. Comparable as the national incumbent in LGBT senior services and housing, with affiliated housing programs in multiple markets.

Direct peers

• Openhouse: San Francisco-based nonprofit operating Openhouse Community, an LGBT-affirming affordable senior housing community. Direct comparable to Triangle Square in mission, target demographic, and service-partner-driven model.
• John C. Anderson Apartments: LGBTQ-affirming affordable senior apartment community in Philadelphia developed by Pennrose and partners. Direct peer in product, demographic focus, and affordable/LIHTC funding model.
• McCormick Baron: National affordable housing developer whose branding appears in the Triangle Square gallery assets (suggesting developer involvement). Operates a portfolio of affordable senior and family housing developments with comparable LIHTC/subsidy funding structures.

Regional players

• Affordable Living for the Aging: Los Angeles-based nonprofit operating affordable senior housing communities in the LA region. Comparable as a regional affordable senior housing operator with overlapping tenant demographics, though not LGBT-specific.

Others

• Los Angeles LGBT Center: Major nonprofit service partner that co-developed Triangle Square and provides onsite meals, social services, and programming. Not a direct peer but a deeply intertwined ecosystem partner whose strategy shapes Triangle Square's trajectory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/assetliving
• Facebookfacebook.com/McCormackBaronCompanies
• LinkedInlinkedin.com/company/mccormack-baron-companies

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Triangle Square