Local development firm Adda Zero is planning a five-story mixed-use building in northern Koreatown, per a filing yesterday with the City of Los Angeles.

The project, slated for a quarter-acre site at 4760-4766 W. Melrose Avenue, would feature 30 market rate apartments, three units of very low income housing and 834 square feet of ground-floor commercial space.

City records indicate that the project has requested several density bonus incentives in exchange for setting aside units as low income housing, including a floor area bonus and a reduction in on-site parking.

Similar mixed-use buildings are planned for other sites along Melrose.

Image via Google Maps
Image via Google Maps

From the Web

Two Affordable Housing Projects Poised for $31 Million in Funding

The projects would create over 90 units reserved for low-income residents.

Earlier this month, the Los Angeles City Council approved $31 million in funding for affordable housing in Westlake and near USC.