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Developer looks to add to East Hollywood’s growing multifamily stock

Plans in the works for another multi-level building in East Hollywood
Plans in the works for another multi-level building in East Hollywood

A developer wants to add to the growing roster of mid-rise apartment complexes sprouting in East Hollywood.

Kenneth Sauder — on behalf of Wakeland Wilcox LLC — has filed plans for a four-story, 62-unit building at 4904-4920 W. Santa Monica Boulevard, county records show. The building would have a substantial affordable component.

The entity acquired the property, now a 4,850-square-foot office building and adjacent parking lot, for $6.4 million in September.

The applicant is requesting special zoning considerations under Los Angeles’ Transit Oriented Communities initiative, which encourages the construction of affordable housing near transit stations.

The $35.4 million development — to be called The Wilcox — is slated for $13.4 million in “No Place Like Home Funds” state grant funding, awarded through L.A. County, according to Urbanize.

Some of the other East Hollywood mid-level housing developments in the works:

  • A 92-unit, seven-story apartment building at 1317 N. New Hampshire Ave. The apartment building would include 82,700 square feet and 11 affordable housing units.
  • A 29-unit, six-story building with commercial space at 1200 N. Vermont Ave., near the Vermont/Western Metro station.
  • A 177-unit, seven-story development at 4632 West Santa Monica Blvd., which had been home to the Union Swapmeet.

The post Developer looks to add to East Hollywood’s growing multifamily stock appeared first on The Real Deal Los Angeles.

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  • 31 January 2020
  • The Real Deal
  • Uncategorized
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