Already teeming with mid-sized projects, Westlake’s housing pipeline just got a little bigger.
An entity called 2669 San Marino LLC filed plans for a 32-unit, seven-story apartment complex at 425 South Union Street. CoStar identifies the owners as Seong Lee and Stuart Whang, the founder of Colosseum Athletics in Compton. They purchased the property for $1.15 million in May.
Registered under accountant Kenny Hong, San Marino LLC calls for the construction of a 24,701-square-foot structure with two levels of basement parking. As part of its density bonus request, five of the 32 units would be designated as low income, city records show.
The site is currently occupied by a 3,480-square-foot apartment building built in 1921, property records show.
The project is represented by the Code Solution, a land use consulting and architecture firm with multiple clients in the Westlake and Koreatown area.
Less than a mile west, developer Daniel Kim is planning an eight-story, 47-unit apartment complex close to the 110, and earlier this week, The Real Deal reported that LeTerra Development has filed plans for 221 condo units at 235 North Hoover Street.
Hong declined to comment.