Seven-story, 32-unit complex planned in Westlake

Union Street project is represented by the Code Solution

TRD LOS ANGELES /
Sep.September 02, 2016 12:00 PM

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.

 

Related Articles

arrow_forward_ios
LA City Councilmember Gil Cedillo and Jade Enterprises’ Sapphire development (credit: Scott L on Flickr)

Westlake abandoned its affordable housing requirements a decade ago. Things have changed

Carlyle Group co-CEO Kewsong Lee, Holland Partner Group CEO Clyde Holland, and the Sofia Los Angeles (credit: North American Sekisui House, LLC)

Carlyle Group pays $273M for big apartment complex in Westlake

29th Street Capital founder Stan Beraznik, Jason de Guzman, the firm’s senior vice president for acquisitions for L.A., and the three buildings at 131, 143, and 171 S. Burlington Avenue

Westlake apartment portfolio sells a year after tenants battled landlord over rent hike

Medical office building at 2100 W 3rd Street and HTA CEO Scott D. Peters

Stockdale Capital sells Westlake medical office complex for 40% more than it paid

Richard Heyman and May Phutikanit with the project site (Credit: Google Maps and iStock)

Hollywood hotel developer Relevant Group is getting in the affordable housing game

Adrian Jayasinha and the project site (Credit: Google Maps)

Walter J. Company eyes Opportunity in Westlake resi development

LINC Housing takes on a stalled affordable development in Westlake

Jamison scores loan for latest office-to-apartment conversion

arrow_forward_ios