A family trust wants to build a multifamily project at 4305 N. Lankershim Boulevard
Developers filed for three residential projects between 10 and 50 units last week.
The projects spanned from Downtown Los Angeles to Toluca Lake. Two projects include retail space and two would be new construction. The list was compiled with information from the Los Angeles Department of City Planning.
218 W. 5th Street | DTLA | 31 Units
This 31-unit project is a conversion of a commercial building two blocks southeast of DTLA’s Pershing Square park. It would include 2689 square feet of ground floor retail space. The project would require a transfer of floor-area right from the Los Angeles Convention Center, which is unique for a small project — so far the other projects that have sought to transfer floor area right from the convention center are much larger. An Alhambra developer wants floor area rights from the convention center to build a 52-story condo tower nearby in South Park. No units in the building are planned as affordable. The developer is an entity called The Chelsea Building, controlled by Parviz Mossighi, who bought the site in 2012 for $1.75 million.
4305 N. Lankershim Boulevard | Toluca Lake | 27 units
A new construction plan was filed with the city for 27 units and 3,238 square feet of commercial space. The development would replace an auto repair and tire shop built in 1958 on the corner of Whipple Street. The developer is the Zareh and Lisa Krumian Family Trust. The trust bought the 13,105-square-foot site site in 1997 for $440,000. Koreatown-based Environtecture Inc. is involved with the project. Half a dozen units would be set aside for low-income renters. The developer is seeking a 35 percent density bonus and an 11-foot increase in allowable height.
834 S. Shenandoah Street | Pico-Robertson | 11 units
Developer BH Sunrise LLC isn’t wasting any time moving forward with this Pico-Robertson property. The developer — controlled by an individual named Steven A. Goldstein — purchased the 5,821-square-foot lot in May of this year for $2 million, and has now filed for a six-story building there with 11 units and underground parking. Goldstein seeks incentives, including a setback reduction and a 22-foot height increase through the Transit Oriented Communities program, which provides such bonuses for incorporating affordable units into developments near transit. In exchange, two of those units would be set aside for “very low income” renters. The multifamily would replace a pre-war duplex.
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