Selma Place plans 7-story resi building in Hollywood

The 51-unit project will require demolishing a 10-unit building

Los Angeles /
Aug.August 06, 2018 02:00 PM
6753 W. Selma Avenue

The gentrification of Hollywood marches on.

Plans have been filed with the city for a seven-story, 51-unit residential building at 6753 W. Selma Avenue.

The project will set aside eight units classified as “very low-income” and will create 27 parking stalls.

Selma Place LLC, registered to Jennifer (Yingxi) Chen, is the applicant behind the Los Angeles Department of City Planning request. The LLC purchased the property in May for $3.24 million. Its plans call for the demolition of an existing 10-unit apartment building on the site.

Of the 51 residential units, eight will be classified as “very low income.” These apartments will be available to tenants whose income is 30 to 50 percent less than the area median income, or less than $41,500 for a four-person family, according to a 2017 report by the California Housing Partnership.

Because of its proximity to the Hollywood/Vine metro station, the Selma Place LLC project is requesting a 59 percent density bonus through the Transit-Oriented Communities program. The program is available to projects located near transit hubs and sets aside a portion of units as affordable housing in exchange for exemptions from key planning and zoning requirements.

The Selma project joins a spate of other developments underway in Hollywood, including a 68-unit, seven-story apartment planned for 1723 N. Wilcox Avenue near the Hollywood/Vine Metro station. Like Selma Place LLC, developer Nathan Korman will raze the existing low-rise apartments and seek a density bonus through the Transit Oriented Communities program.

In most cases, developers are having to navigate affordable housing concerns. Last year, affordable housing advocates and L.A. Mayor Eric Garcetti rallied around the Affordable Housing Act, a repeal effort that would have removed the existing 1995 law, which allows the city to limit rent increases only on buildings constructed before October 1978. The act ultimately failed to pass the Assembly’s Housing and Community Development Committee in January.


Related Articles

arrow_forward_ios
(Illustration by The Real Deal with Getty)
In Pasadena, houses of worship can build affordable housing
In Pasadena, houses of worship can build affordable housing
A photo illustration of A.J. Khair principal Demetri Samaha along with renderings of 1919 North Wilcox Avenue (A.J. Khair, GA Engineering, Inc., Getty Images)
A.J. Khair to add 65 apartments to Hollywood inventory
A.J. Khair to add 65 apartments to Hollywood inventory
Mike Sullivan and rendering for 6000 W. Hollywood Blvd (The Sullivan Family, Getty Images)
Toyota of Hollywood could turn into a retail village
Toyota of Hollywood could turn into a retail village
Oak Road 's David Aghaei with 5600 block of S. Broadway
Affordable housing developer plans 38-unit building in South LA
Affordable housing developer plans 38-unit building in South LA
Philip Lawrence and Thomas St John and the three parcels on the corner of Sunset Boulevard and Highland Avenue in LA (Google Maps, Getty, CMNTY Culture)
Hollywood studio project garners $35M loan to buy land
Hollywood studio project garners $35M loan to buy land
Brasa Capital Management's Eric Samek and rendering of 3450 W. 43rd Street in Los Angeles (Brasa Capital, HBA)
Streamline Moderne apartment house coming to Leimert Park
Streamline Moderne apartment house coming to Leimert Park
From left: Gavin Newsom and California State Representative Buffy Wicks (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images)
California Legislature Passes 4 Housing Bills
California Legislature Passes 4 Housing Bills
View of Sylmar Village at 12534 San Fernando Road (JZA)
Sylmar project aims for 100% affordable market
Sylmar project aims for 100% affordable market
arrow_forward_ios

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

Loading...