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The Real Deal Los Angeles

Kian Investment plans 69-unit complex in Koreatown

LLC potentially connected to auto entrepreneur proposed building with portion of units for "very low income" households
926 South Kingsley Drive (via Google Earth)

926 South Kingsley Drive (via Google Earth)

More apartments may be coming to Koreatown.

Kian Investment, an LLC registered to a trust established by Benhoor Elyashar and possibly associated with U.S. Auto Parts co-founder Sol Khazani, has filed a plans with the city to develop a six-story, 69-unit apartment complex at 926 South Kingsley Drive.

A single-family house currently sits on the 20,520-square-foot lot, according to the case filing, though it is zoned for multiple dwellings. The proposed two-story apartment building in question would have two levels of underground parking as well as about 6,300 square feet of open courtyard space. Other amenities would include a recreation room and balconies.

The applicant has proposed that six of the units to be for “very low income” households, and in turn, requested a 53 percent density bonus.

Kian also owns properties in Beverly Hills and Van Nuys.

Koreatown is home to a handful of massive residential projects in early stages. Last month, Jamison Services filed plans with the city for a 228-unit condo project at 3975-3987 West Ingraham Street just west of Ktown, The Real Deal reported. The firm is also working on two office-to-residential building conversions in Ktown on Wilshire Boulevard. And in April, Harridge Development Group submitted plans for the redevelopment the Wilshire Galleria into a 545-unit mixed-income apartment complex with space for stores, restaurants and hotel rooms.