Al Leibovic of Yaya Case LLC aims to replace a car repair shop in North Hollywood with a 100-unit apartment building, according to an application filed with the Los Angeles City Planning Department on March 15.
The property, located at 5554 Case Avenue, was purchased for $4.15 million in January 2023.
Leibovic, a healthcare businessman and the former president of Health Advocates, is associated with several multifamily developments.
The NoHo apartment house will rise six stories after the auto shop’s demolition, according to the Planning Department. The project will take advantage of several incentives, including a 70 percent density bonus and affordable housing incentives specified under Transit Oriented Community (TOC) guidelines with floor area percentage increases up to 50 percent according to Tier 3.
The proposed plans feature a second-floor patio, a roof deck and gym. The building will include 87 parking spots and 10 extremely low-income units, according to the filing.
Built in 1941, the existing building was last altered in 1975 according to PropertyShark.
The site is located blocks away from the North Hollywood Metro station and bus stops. It falls into the trendy North Hollywood Arts District, the site of numerous apartment projects.
Trammell Crow, a unit of Dallas-based CBRE Group, and its affiliate, High Street Residential, received a green light from the Los Angeles Planning Commission to build a 2.2 million-square-foot development in North Hollywood last year. The property involves nearly 1,500 homes, offices and retail around a subway terminal.
Trojan Storage, a self-storage company based in Redondo Beach, plans to build a 227,000-square feet self-storage unit with a separate residential component at 7528 North Bellaire Avenue in North Hollywood.
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