New residential complex planned for Koreatown

A Koreatown developer has filed plans for a 160,000-square-foot apartment building on Mariposa Avenue, The Real Deal has learned.

The plans call for a five-story, 79-unit residential complex with 18 affordable housing units. The complex is to be designed by Los Angeles architectural firm the Code Solution.

The property, at 1017 South Mariposa Avenue, is currently occupied by a six-unit apartment building, which would be demolished to make way for the new structure, according to Code Solution project designer Jae Park.

The complex would have 78 parking stalls, about 8,800 square feet of open space, and 167 spots for bike storage.

The owner, under the entity 1017 Mariposa, LLC, acquired the Koreatown property in 2007 for $2 million, according to CoStar.

Just a mile north, Jamison, Koreatown’s most active landlord, is planning a 36-story mixed-use tower with 506 apartments units.