Developer proposes mid-rise resi complex in Westlake

A 4-unit building would be demolished to make way for the new construction

TRD LOS ANGELES /
Sep.September 21, 2018 01:00 PM
The property at 333 S. Bonnie Brae Street

A small, four-unit building in Westlake could soon be seeing the wrecking ball.

In its place, a developer is hoping to build a six-story structure with 30 units, according to a filing published with the Department of City Planning.

The developer is also requesting greater leniency as part of the transit-oriented communities program. Located at 333 S. Bonnie Brae Street, the proposed multifamily complex sits less than a mile away from the Westlake/MacArthur Park Metro station.

There would also be one level of underground parking on the property.

Property records indicate USAHomes Rental Property, a Woodland Hills-based real estate investment manager, owns the site. The LLC, which is registered to an individual named Ravivo Kaofman, paid $1.2 million for the property in March, records show.

Elsewhere in Westlake, which abuts Downtown Los Angeles, a nonprofit is looking to purchase and renovate the historic Sheraton Town House. Communities for a Better Life is requesting a $28 million loan to rehab the 90-year-old building at 639 S. Commonwealth Avenue, where a young Elizabeth Taylor celebrated her first marriage.

The neighborhood has also garnered considerable attention recently as one of its longtime staples, Langer’s Deli, faces an uncertain future. The owner of the property that houses the pastrami shop put the 15,500-square-foot property at 704 S. Alvarado Street for sale late August, touting it as a “development opportunity.”


Related Articles

arrow_forward_ios
West 8th Avenue on South Park View Street (Credit: Google Maps)

John Safi plans 264-unit project in Westlake

John Safi plans 264-unit project in Westlake
2716-2724 West James M. Woods Boulevard (Credit: Google Maps)

Multifamily investor files plans for 58-unit complex in MacArthur Park

Multifamily investor files plans for 58-unit complex in MacArthur Park
Ken Kahan and  Ari Kahan of California Landmark Group and the site (Credit: Glenn Koenig/Los Angeles Times via Getty Images, and Google Maps)

California Landmark moves on 112-unit development outside Culver City

California Landmark moves on 112-unit development outside Culver City
The corner property on W. 6th Street in Westlake (Credit: Google Maps)

Elias Shokrian advances 100-unit Westlake project

Elias Shokrian advances 100-unit Westlake project
Cypress CEO Michael Sorochinsky and 1216-1224 Menlo Avenue (Google Maps)

Cypress Equity plans 128-unit affordable complex in Pico-Union

Cypress Equity plans 128-unit affordable complex in Pico-Union
ELK Development founder Evan Kasper and the development site at 730 S. Vermont Avenue (Google Maps)

ELK Development-tied entity plans 80-unit apartment complex in Koreatown

ELK Development-tied entity plans 80-unit apartment complex in Koreatown
Jacmar Companies CEO John Tilley and the property (Google Maps)

Olympic Boulevard Shakey’s could make way for 120 apartments

Olympic Boulevard Shakey’s could make way for 120 apartments
JADE Enterprises Director of Development Daniel Taban and the development site (Credit: Google Maps)

Jade Enterprises plans apartment complex in Hollywood

Jade Enterprises plans apartment complex in Hollywood
arrow_forward_ios

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

Loading...