A staff report to the Los Angeles City Planning Commission offers a first look at a proposed multifamily residential development near Metro's Wilshire/Western subway station.
The proposed development, slated for a property at 731-737 S. Oxford Avenue, calls for the construction of a seven-story edifice featuring 92 studio, one-, and two-bedroom apartments atop a two-level, 100-car subterranean parking structure.
Applicant In Sook Chang intends to replace a 30-unit rent stabilized apartment complex. As a consequence, the proposed development would be required to set aside 30 dwelling units as affordable housing at the low- and very low-income levels.
Corbel Architects is designing the contemporary stucco-clad building, which would include an exercise room, a rear yard, a central courtyard, and a rooftop deck.
The staff report recommends that the the City Planning Commission should approve density bonus incentives for the proposed project and determine that it should be exempted from additional review through the California Environmental Quality Act.
The development site - located just north of 8th Street - neighbors a slew of ongoing and under-construction housing developments.
Directly across Oxford, construction is now underway for a seven-story, 364-unit apartment complex known as the Rise Koreatown.
Just south at the intersection of 8th and Western Avenue, work is slated to begin later this year for an eight-story, 230-unit development from Jamison Services, Inc.
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