Clockwise from top left: 1333 N. Tamarind Boulevard, 1310 S. St. Andrews Place, 162 N. Douglas Street and 14817 W. Delano Street (Credit: Google Maps)
The five recent multifamily projects proposed in Los Angeles total just under 200 units, and all include affordable housing components through the city’s Transit Oriented Communities Program.
Three of the projects have 40 or more units each. The proposals comes as the city continues to grapple with a housing crisis that has seen an increasing number of market-rate apartment developers include a small percentage of affordable units in exchange for city height and density bonuses.
The list is compiled using planning documents from the Department of City Planning and public records.
1333 N. Tamarind Boulevard | Hollywood | 45 units
Michael and Isaac Cohanzad of Wiseman Residential are planning to replace three single-family dwellings in Hollywood with a five-story, 45-unit project with 55,900 square feet of space. Four of the units will be reserved for very low-income residents, allowing the firm to request tier-3 TOC incentives for an increase in height. It also is located in a designated Opportunity Zone, which provides tax gains for long-term investors who develop in distressed areas. Plans were filed by architect Isaac Cohanzad, who established Wiseman in 1985. The property is owned by Tamarind 1333, LP, which is managed by Michael Cohanzad, records show. They purchased the site last November for $2 million.
1310 S. St. Andrews Place | Mid City | 43 units
The owners of the site at 1310 S. St. Andrews Place are planning to build a 43-unit multi-family development. The site is owned by entities 1310 St Andrews Place Investors LLC and Cabbage 1031 LLC. They are managed by Mark Darwish and Stevenson Ranch attorney Joseph Stark. The applicants are requesting tier-3 TOC incentives for their five-story project. They purchased the site last October for $2.2 million. It’s located in the Harvard Heights section of Mid City just off Pico Boulevard near Western Boulevard.
14817 W. Delano Street | Van Nuys | 40 units
A small home in Van Nuys could be transformed into a 40-unit development. Owners of the property at 14817 W. Delano Street in the San Fernando Valley have applied to demolish the existing three-bedroom home with 850 square feet of space that they purchased in December for $780,000. The owners, Granada Hills-based BCG Delano LLC, which is managed by project applicant Joel Mensch, will construct the four-story building. It will include four affordable units and 36 market-rate units. That allows for tier-3 TOC incentives of a 22-foot height increase and a side-yard reduction. This project is also in a designated Opportunity Zone.
162 N. Douglas Street | El Segundo | 39 units
In El Segundo, an entity named Drona Investments, LLC has filed plans to add 39 units to an empty lot that spans 4,800 square feet. The site at 162 N. Douglas Street was purchased by the managers of the entity, Manish Drona and Gautam Kumar, last September for $1.1 million. The project qualifies for tier-1 TOC bonuses, including height increase and open space decrease, with four units set aside for extremely low-income households. Earlier this year, Drona applied for a 41-unit project in Hyde Park in South L.A.
1332 W. Colorado Boulevard | Eagle Rock | 31 units
The owners of an Eagle Rock property are planning to build a 31-unit development above commercial and parking space. The entity, Santa Ana-based Beverly Drive Holdings LLC, which is managed by Imad Boukai and Janet Carmona, purchased the site at 1332 W. Colorado Boulevard in 2016 for $1.9 million. The new four-story structure will qualify for tier-2 TOC bonuses because it will include three units for extremely low-income households.
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