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.