Leeor Maciborski, an L.A.-based partner at ROM Investments, plans to build a 138,894-square-foot apartment complex in East Hollywood, according to an application filed with the L.A. Department of City Planning.
The property is located at 5416 and 5430 Carlton Way. Both parcels currently have multifamily buildings with 12 units between them.
The filing cites a density bonus in the application. The property is owned by an entity called 5430 Carlton LLC.
The proposed apartment complex would include 131 units, including 74 studios, 49 one-bedroom and eight two-bedroom units. The parking area will provide spots for 148 cars.
ROM Investments, which owns 5430 Carlton LLC, targets “value-add opportunities in Los Angeles with a particular focus on Greater Hollywood,” according to Maciborski’s LinkedIn page.
While new construction for multifamily housing in Los Angeles outpaced 2022 levels last year, it remains behind 2021’s level, according to data compiled by Kidder Mathews’ research group.
Maciborski was fined for donating too much to a City Council member’s election campaign seven years ago. The donations supported the election of Mitch O’Farrell, who no longer sits on the council.
“The market environment now is terrible, but we just started our process here,” Maciborski told TRD in response to a question about the timing of the application. “This project wouldn’t be ready until 2027, when we expect conditions to improve substantially.”