Few other downtown Los Angeles neighborhoods have undergone as dramatic a transformation as South Park,
which has become known for Staples Center and L.A. Live, along with its luxury condos and live-work spaces.
But affordability issues persist, and now two projects will add 121 units of affordable housing to the area, property records show.
EAH Housing — a nonprofit builder — has proposed a 64-unit low-income complex at 4519 Main Street. The property was acquired in September for $3.3 million. The property has six detached duplexes, which will be demolished.
EAH Housing also has in its pipeline a 50-unit project and a 40-unit development.
Less than a mile south, a partnership that includes Main 50 Housing LP wants to build a 57-unit supportive housing project at 5511-5513 S. Main Street. The 63,000-square-foot building will be for extremely low-income tenants, according to the filing. The site, which includes an auto repair center that will be demolished, was purchased last year for $3 millions, according to property records.
Gardena-based Highridge Costa Housing Partners and Western Community Housing in Costa Mesa are partners in the project, along with Victoria Capital LLC. The developers also have applied for $10.6 million in Proposition HHH bond money.
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