Haroni Investments plans 136-unit TOC project in South LA

Project includes 13 affordable units, would replace a largely vacant property

Oct.October 24, 2018 02:00 PM
1632 W. Florence Avenue (Credit: Pixabay)

A local developer is planning a 136-unit apartment building in South Los Angeles with Transit-Oriented Community bonuses.

Haroni Investments Inc., based south of the Fashion District near Downtown, filed for the project at 1632 W. Florence Avenue. The building would take up more than a half-dozen lots between Harvard Boulevard and La Salle Avenue, which Haroni paid just under $1.5 million for in 2016 and 2017. The property is mostly vacant with a small commercial building that would be demolished.

The project is at least the second in South L.A. for Haroni investments, which bills itself as a property management firm. It’s also planning a 73-unit project not far away on S. Crenshaw Boulevard.

The firm would set aside 13 units, or about 10 percent of the building, as affordable and is requesting Tier 3 bonuses through the TOC program, including increased density, floor-area-ratio, and reduced parking. Haroni is also requesting a height increase and reductions in required side yards and open spaces. That would give the developer a 70 percent density bonus and 50 percent increase in floor-area-ratio.

South L.A. has seen a number of TOC projects spring up since the program was introduced in late 2017. The program provides density bonuses for developments near transit that include affordable units. A 111-unit project is planned on Crenshaw Boulevard and a 49-unit supportive housing complex  is planned on S. Western Avenue.

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