Affordable housing developer SoLa Impact has filed plans for a 114-unit apartment complex in Park Mesa Heights.
The project, at 4609 South Crenshaw Boulevard, is proposed as a seven-story, 80-foot-tall building. It would replace a one-story property that housed a nonprofit.
SoLa bought the property last August in an $11 million deal, according to PropertyShark. It was previously owned by Toni, Mark and Bruce Barnett, records show. SoLa did not respond to a request for comment,
The planned project is just one of the large multifamily developments coming to Crenshaw Boulevard. Earlier this month, co-living startup Treehouse Community proposed a 101-unit residential complex at 4421 South Crenshaw. Haroni Investments is also planning a 79-unit apartment building at 5144-5158 South Crenshaw.
SoLa, led by Martin Muoto and Gray Lusk, operates a $115 million Opportunity Zone fund that focuses on affordable housing and commercial centers in Compton, Watts and South L.A. It is building a multifamily project in an Opportunity Zone in Westmont. Plans for the site at 11001 South Vermont Avenue call for an 84-unit complex made of prefabricated modular units. The firm also filed plans for a 68-unit apartment complex at 4238 South Western Avenue in Vermont Square last year.
The post SoLa Impact plans 114-unit rental complex in Park Mesa Heights appeared first on The Real Deal Los Angeles.
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