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

Hyde Park topped list of projects, which would add total of 163 units

Los Angeles /
Mar.March 06, 2019 05:00 PM
From left: 6523 South Brynhurst Avenue, 4339 Berryman Avenue, 1200 North Vermont Avenue (Credit: Google Maps)

The Hyde Park neighborhood near Inglewood again topped the list of multifamily projects recently proposed in Los Angeles, as it attracted more affordable housing development.

The top five projects with less than 50 units would add a total of 163 units to the market.

Continuing a clear trend, each multifamily project came with requests for density bonuses, mostly from Los Angeles’ Transit Oriented Communities program.

Four of the top five projects applied for bonuses from the TOC program, which the city allows for developments with affordable units near transit stops. The one on the list that did not is seeking density bonuses through other programs. Three of the top projects filed in February also requested TOC bonuses.

1. 6523 S. Brynhurst Avenue | Hyde Park | 41 units
Project applicant Manish Drona is requesting tier-3 TOC bonuses to construct a four-story apartment building with 41 units in Hyde Park.

Five of the units will be reserved for extremely low-income households.

Six existing units at the location will be demolished. Drona purchased the site at 6523 S. Brynhurst Avenue in September 2018 for $1.6 million.

In February, Ronald Mayer and 6604 West Blvd LLC applied to build a 47-unit permanent-supportive housing structure nearby in Hyde Park at 6578 S. West Boulevard.

2. 4339 S. Berryman Avenue | Del Rey | 40 units
Owner Sassan Ohebsion with Victoria SK Holdings LLC applied for a four-story apartment building with 40 units in Del Rey.

Ohebsion purchased the property at 4339 S. Berryman Avenue in June 2018 for $4.8 million.

3. 1200 N. Vermont Avenue | East Hollywood | 29 units
Owner Morris R. Sharaf with MJJ Properties LLC filed plans to build a six-story building with commercial space and 29 residential units in East Hollywood.

Sharaf is requesting tier-3 TOC incentives to increase the density near the Vermont/Western Metro station. He purchased the property at 1200 N. Vermont Avenue in August 2002 for $855,000.

4. 2241 S. Crenshaw Boulevard | Mid-City | 29 units
Owner William Chang with WGC Enterprises, LLC, filed plans to build a four-story apartment building with 29 units on Crenshaw Boulevard

Chang is requesting tier-2 TOC bonuses. He purchased the property in Mid-City for $1.9 million in October 2018.

Mid-City is also expecting a 55-unit affordable housing project by Meta Housing Corporation. Those structures are proposed to take the place of city-owned parking lots at 4600 and 4601 W. Washington Boulevard, near Crenshaw Boulevard.

5. 904 S. New Hampshire Avenue | Koreatown | 24 units
Ron Gonen with Newshire, LLC, filed plans to build a seven-story project with 24 condominiums on New Hampshire Avenue. Gonen is requesting TOC incentives to increase the density and decrease the required open space.

Owner Eitan Gonen with Montshire, LLC, purchased the Koreatown property in July 2018 for $1.5 million, records show.


Related Articles

arrow_forward_ios
Faring CEO Jason Illoulian and blueprints of the complex. (City of Carson, Jason Iloulian)

Faring plans massive residential complex in Carson

Faring plans massive residential complex in Carson
Neil Shekhter (Shekhter by Kevin Scanlon; iStock)

Santa Monica mega-portfolio officially hits market

Santa Monica mega-portfolio officially hits market
David Lawrence Gray and a rendering of the 120-unit tower (David Lawrence Gray Architects, University of Washington)

120-unit Pencil Tower planned for DTLA

120-unit Pencil Tower planned for DTLA
Nick Nashanian filed plans for a new apartment complex at 5953 North Hazeltine Avenue in Valley Glen. (LinkedIn; Google Maps)

Developer plans Valley Glen apartment complex with affordable component

Developer plans Valley Glen apartment complex with affordable component
Sola CEO and founder Martin Muoto. (Google Maps)

Sola Impact plans 84-unit apartment project in South LA

Sola Impact plans 84-unit apartment project in South LA
The lot at 3200 S. La Cienega Boulevard in West Adams. (Google Maps)

Developer files for 254-unit West Adams complex

Developer files for 254-unit West Adams complex
Rendering of 1411 South Flower Street (Housing Diversity Corporation)

Micro-housing to rise in DTLA Opportunity Zone

Micro-housing to rise in DTLA Opportunity Zone
NMS Properties' Neil Shekhter and renderings of 1325 6th Street, 1437 6th Street, 1430 Lincoln Blvd. and 1318 Lincoln Blvd. in Santa Monica (Kevin Scanlon, WSC)

City for sale: Shekhter looks to unload mega-portfolio in Santa Monica

City for sale: Shekhter looks to unload mega-portfolio in Santa Monica
arrow_forward_ios

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

Loading...