A cluster of buildings dating from the early-to-mid 20th century could make way for apartments in Koreatown.
The project site, located at 815-831 S. Kingsley Drive, is currently improved with two single-family homes, a duplex, and a triplex. Plans filed yesterday with the City of Los Angeles call for razing all four structures to make way for a six-story edifice containing 114 residential units.
Requested entitlements include Transit Oriented Communities incentives allowing for increased density and floor area, as well as decreases to required parking, open space, and setbacks. In exchange, the project would set aside a portion of its apartments for lower-income households.
City records list the project applicant as St. Mary's Medical Plaza, LLC. The entity is located out of the same address as prolific Koreatown developer Jamison Services, Inc.
The project site sold last year for $9.7 million, according to County Assessor's records.
The proposed development would rise just south of 8th Street, where a slew of new housing developments are either planned or under construction.
Jamison Services is already developing apartments on an adjoining property at 8th Street and Harvard Avenue, and a mixed-use structure called The Rise Koreatown is taking shape two blocks west between Serrano and Oxford Avenues.
- Koreatown (Urbanize LA)