UPDATED: March 15, 9:30 a.m. PT: Developers have secured entitlements to redevelop the site of a half-century-old apartments in North Hollywood, with the potential for a new five-story multifamily complex.
The 28-unit North Hollywood apartment building at 5057 N. Klump Avenue dates from the early 1970s. The entitlements would allow a 94-unit complex of one- and two-bedroom apartments, Urbanize Los Angeles reported.
City records list the project applicant and property owner as Building One Apartments.
It’s not clear what would happen to the current tenants living in the older, rent-controlled apartments if the redevelopment plan proceeds.
The new apartments in the NoHo Arts District would range from 412 to 826 square feet in size and sit above an underground parking garage containing 84 parking places on two levels.
The 113,000-square-foot project is designed by Ken Stockton Architects, based in Calabasas, and will include Cape Cod-blue siding with white and charcoal accents. Plans show a courtyard, a rear yard, a recreation room, and three rooftop decks.
The developer has requested a zone variance based on Transit Oriented Communities incentives that allow increased floor area, height, and density, as well as a reduced parking requirement.
In exchange, eight of the new apartments would be set aside as housing at the extremely low-income level, or one tenant earning $24,850 a year or less.
The proposed project is just west of Lankershim Boulevard, where larger mixed-use developments with housing have been completed on Otsego Street, and behind a $24-million supportive housing complex under construction on Bakman Avenue.
CORRECTION: This story has been updated to reflect the fact that the owner of the property has not announced any plans to demolish the existing building on the property.
[Urbanize Los Angeles] – Dana Bartholomew