Investor plans 49-unit condo complex in Brentwood

Los Angeles /
Apr.April 26, 2017 01:30 PM

A local investor wants to build a 49-unit condo project in Brentwood, city filings show.

An entity registered to Benhoor Elyashar, who also has two multifamily projects in the works in Koreatown, filed plans Tuesday for a new structure at 11965 W. Montana Avenue. Google Earth images from January 2017 show that some type construction was already underway at the address.

The development would include four affordable units, according to planning documents, and calls for a density bonus of 13 units.

Elyashar acquired the site, then occupied by a 32-unit complex, in 2011 for $8.9 million, according to Real Capital Analytics. In 2015, he refinanced the development alongside joint venture partner Saman Kerendian, who was named as the applicant on the latest city filing.

Elyashar, under his firm Kian Investments, filed plans last June to develop a six-story, 69-unit apartment complex at 926 South Kingsley Drive in Koreatown. The following September, he filed plans for another project nearby: a five-story, 32-unit apartment complex at 708 and 712 South Gramercy Drive.


Related Articles

arrow_forward_ios
Granite CEO Michael Dardick and Industrious CEO Jamie Hodari

Industrious partners with landlords to offer tenants satellite workplaces

Industrious partners with landlords to offer tenants satellite workplaces
Colorado Campus at 2041-2115 Colorado Avenue and Northwestern Mutual CEO John E. Schlifske

Northwestern Mutual picks up Santa Monica office campus for $166M

Northwestern Mutual picks up Santa Monica office campus for $166M
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Garcetti orders a moratorium on commercial evictions in LA
LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...