A 14-unit apartment complex in West Los Angeles may soon give way to 34 condos.
Private property owner Davoud Kobaei has filed a vesting tentative tract map request for 1237 South Holt Avenue, in the Pico neighborhood near Koreatown, according to city documents.
Kobaei, who goes by David, runs a New York- and L.A.-based leather supplier called United Leather. He told The Real Deal that he has a 50 percent stake in the property.
The developer and his partners purchased the 0.3-acre property for $3.1 million in 2006, according to CoStar.
Just two blocks away, Calabasas-based investment firm Amoroso Companies filed plans last week to build a seven-story apartment complex with 90 units on La Cienega Boulevard, TRD previously reported.