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

Los Angeles /
Nov.November 26, 2018 05:00 PM
2017 W. Temple Street and 10209 N. Samoa Avenue

During the Thanksgiving holiday week, developers filed for just two residential projects under 50 units in Los Angeles.

The larger one, in Westlake, seeks a number of bonuses through the city’s Transit Oriented Communities program, which provides such incentives for building affordable units near transit options. The previous week saw four projects under 50 units filed.

2017 W. Temple Street | Westlake | 40 units

Beverly Hills-based developer Mark Haloossim filed for this project on a corner lot at North Mountain View Avenue. The 28,140-square-foot building would be six stories tall and include four units set aside for “extremely low income” renters. The project would include a gym and a roof deck. Property records show that Haloossim purchased the property in 2014 for $745,000.

Westlake has seen a string of similarly scaled projects over the last year or so. Westlake resides between two neighborhoods that have seen a strong uptick in development in recent years: Koreatown and Echo Park. Earlier this month, Schon Tepler Group filed for a 42 unit project about a mile northwest on Temple Street.

10209 N. Samoa Avenue | Tujunga | 11 units

The smaller of the two residential projects filed last week would be three stories and replace a four-unit apartment building. Developer Angel Samvalian, based in La Crescenta, picked up the property in 2008 for $500,000, records show. Tujunga also saw a 14-unit project filed earlier this month that would replace two detached homes.


Related Articles

arrow_forward_ios
Continuum CEO Mark Falcone and a rendering of the project (EYRC Architects via Urbanize)

Continuum Partners, Platinum Equities plan Arts District office tower

Continuum Partners, Platinum Equities plan Arts District office tower
Rendering of 577-unit District Square project in South L.A. (Los Angeles Department of City Planning, iStock)

Judge orders LA to reconsider Charles Co.’s District Square project

Judge orders LA to reconsider Charles Co.’s District Square project
Forme Development President Damon Chan and rendering of 550 Shatto Place (Forme, Gensler via Urbanize)

Going up: Koreatown tower project developers boost plans

Going up: Koreatown tower project developers boost plans
Herb Wesson (top) and Curren Price with a rendering of 3800 W 6th Street (Linkedin, Twitter, Large Arch)

LA officials backtrack on aid for Koreatown hotel project

LA officials backtrack on aid for Koreatown hotel project
Richard Llewellyn and Ron Galperin (City of LA, Wikimedia)

LA’s ballooning budget shortfall could require property selloff

LA’s ballooning budget shortfall could require property selloff
California Gov. Gavin Newsom (Credit: Justin Sullivan/Getty Images)

Newsom signs into law slate of tenant protection and housing measures

Newsom signs into law slate of tenant protection and housing measures
Michael Rosenfeld,,Simon Reuben and David Reuben, with a rendering of Century Plaza (Credit: Presley Ann/Getty Images, and Dave Benett/Getty Images)

Michael Rosenfeld’s Woodridge Capital lands $275M loan for Century Plaza

Michael Rosenfeld’s Woodridge Capital lands $275M loan for Century Plaza
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
arrow_forward_ios

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

Loading...