The Coronel, which spans two street frontages at 1601 N. Hobart Boulevard and 1600 N. Serrano Avenue, is highlighted by a four-story building featuring 54 one-, two-, and three-bedroom apartments. The majority of the apartments are priced for households earning at or below 60 percent of the area median income, with a handful of units reserved for households making at or below 30 percent of the area median income.
Rents at The Coronel will range from $488 to $1,354 per month, according to a staff report to the California Tax Credit Allocation Committee. The total project budget was approximately $29.9 million.
The project, designed by KFA Architecture, includes the restoration of a 1920s Pueblo-style house as two residential units. The ground-up component of the project has a contemporary look.
The building includes several environmentally sustainable features including solar thermal water heating, drought-tolerant landscaping, and energy efficient lighting and appliances. HCHC and KFA have designed the project to achieve Leadership in Energy and Environmental Design (LEED) certification at the Platinum level - the highest distinction awarded by the U.S. Green Building Council.
Located two blocks east of Metro's Hollywood/Western subway station, the project site sits in close proximity to Thai Town - including the new Thai Town Marketplace.
An official opening ceremony for The Coronel is scheduled to occur in August.
- The Coronel (Urbanize LA)
Interested in finding affordable housing? Visit housing.lacity.org.