• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

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

6578 South West Boulevard (Credit: Google Maps)

Incentives for developers from the Transit Oriented Communities program and Opportunity Zones created in President Trump’s tax overhaul are continuing to drive small-scale multi-family development in Los Angeles.

Three of the top five projects recently proposed with less than 50 units applied for bonuses from the TOC program, and two are in designated Opportunity Zones. The city launched the TOC program to provide bonuses for developments with affordable units near transit stops. And being located in an Opportunity Zone creates tax benefits by allowing owners to delay capital gains taxes from early transactions in economically depressed areas.

All together, the top five most-recent projects would add 188 units to the market.

1. 6578 S. West Boulevard | Hyde Park | 47 units
Owner Ronald Mayer and 6604 West Blvd LLC recently applied to build a 47-unit permanent-supportive housing structure in the Hyde Park neighborhood in West Los Angeles. The applicant is applying for tier-3 TOC incentives.

Mayer purchased the property at 6578 S. West Boulevard for $450,000 in November 2015.

2. 1120 S. Corning Street | Pico-Robertson | 43 units
Applicants Corning Suites LLC and the TOV Trust recently filed plans to build a new 43-unit apartment building in the Pico-Robertson area, just south of Olympic Boulevard. Five units would be set aside for affordable households.

The developers are also seeking tier-3 TOC incentives for a 22-foot height increase and 25 percent open-space reduction.

Owner Massoud Rabbanian and Corning Suites LLC purchased the site in October 2016 for almost $3.5 million.

3. 642 3/4 N. Juanita Avenue | East Hollywood | 33 units
Applicant Justin Barth and the entity 636 Juanita Avenue LLC plan to demolish two single-family homes in East Hollywood to construct a 33-unit apartment building, with four units designated for extremely low-income households.

The developers are seeking tier-3 TOC bonuses to increase the building’s height. The project is also located in an Opportunity Zone. Justin Barth and 636 Juanita Avenue LLC purchased the site at 642 3/4 N. Juanita Avenue last October for $2.43 million.

4. 8837 S. Reading Avenue | Westchester | 33 units
Christopher Aillo and Harriman Capital LLC applied to demolish a seven-unit apartment structure at 8837 S. Reading Avenue near LAX. The applicants plan to replace it with a new 33-unit apartment with five very low-income units.

The developers are applying for TOC bonuses to increase the height and reduce open space.

Owners Aillo and SH 88 Reading LLC purchased the site in June 2018 for $1.48 million.

5. 437 N. Avalon Boulevard | Wilmington | 32 units
Owners and applicants Timothy Roth and 435-445 Avalon LLC are planning to build a fully affordable housing structure in the Wilmington neighborhood near Long Beach and Harbor City.

The project will consist of 32 units at 437 N. Avalon Boulevard.

The site was purchased in February 2017 for $350,000, and is located in an Opportunity Zone.

Powered by WPeMatico

  • 26 February 2019
  • The Real Deal
  • Uncategorized
  •  Like
The list of richest real estate billionaires is in—and they ain’t New Yorkers →← After surpassing revenue target in 2018, CoStar reveals ambitious goal for 2023
  • Recent Posts

    • Hoteliers sound the alarm on looming distress  May 24, 2025
    • Growth markets see retail boom even with tariff uncertainty May 24, 2025
    • Westchester resi project gets city OK after union drops objection May 23, 2025
    • WATCH: ‘Father of CMBS’ Ethan Penner to run for governor of California May 23, 2025
    • Fashion Island office fetches $756 psf May 23, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM