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RSE Capital Partners has announced another development of small lot homes in East Hollywood.

Square One Homes, the developer of the 10,000-square-foot site at 5000 W. Maplewood Avenue, intends to construct eight single-family residences on the corner lot.  The project would require the demolition of three existing buildings which were built between 1913 and 1917.

Renderings portray a series of contemporary three-story buildings, situated around a common driveway.

RSE Capital Partners provided a $1.75-million loan for the project at a 75 percent loan to cost ratio.

Rendering of 5000 W. Maplewood Avenue. Image courtesy of RSE Capital.
Rendering of 5000 W. Maplewood Avenue. Image courtesy of RSE Capital.
Rendering of 5000 W. Maplewood Avenue. Image courtesy of RSE Capital.

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Two Affordable Housing Projects Poised for $31 Million in Funding

The projects would create over 90 units reserved for low-income residents.
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Earlier this month, the Los Angeles City Council approved $31 million in funding for affordable housing in Westlake and near USC.