The Real Deal Los Angeles

Here are the under 50-unit resi projects proposed in LA last week

All three plan to use transit-oriented incentives
By Haru Coryne | October 29, 2018 03:00PM

Google streetview of 6320 S. Crenshaw Boulevard

Three new mid-size apartment houses entered the construction pipeline last week, according to filings with the Los Angeles Department of City Planning.

The buildings would add 55 new units to the City of Los Angeles. All three are mixed-income projects that would take advantage of the city’s “transit-oriented communities” program, which allows for denser development closer to existing Metro lines.

None of the builders are big players, but that’s not atypical, according to Heather Lee, a lawyer with a planning practice who is serving as the developer’s representative for a Hyde Park project, the top development on the list.

“I am seeing people with zero experience with real estate development, or were single-family homebuilders, and who want to do their first small project with five to 10 units,” Lee said, speaking of her clients generally.

6320 S. Crenshaw Boulevard | Hyde Park | 24 Units

The only mixed-use project on the list, this proposed building would add 671 square feet of retail to Crenshaw Boulevard, just south of 63rd Street.

The developers, Wenhao Mu and Ang Li, bought the property in March 2017 for $650,000. A single-family home sits on the lot now.

Vanos Architects is designing the building.

3705 S. McLaughlin Avenue | Mar Vista | 21 Units

This four-story apartment house would bring 21 units to the heart of burgeoning Mar Vista, where the price of single-family homes has been rising.

The developer is On McLaughlin LLC, controlled by Dan Stein, which bought the property in June 2018 for $1.3 million.

724 S. Gramercy Drive | Koreatown | 10 Units

The smallest project is also the tallest, with 10 units piled atop each other in a six-story building.

The developers are Adam Tarshis and Amber Tarshis, who bought the property in 2016 for $1.3 million.

Bittoni Architects is designing the project.