Two small apartment buildings in Koreatown could make way for a larger multifamily residential development, according plans submitted last week to the City of Los Angeles.
The project, which would replace 14 existing units at the northeast corner of 4th Street and Alexandria Avenue, would consist of a six-story building containing 82 apartments - including 10 to be reserved for extremely low-income households - with parking for 69 vehicles. Proposed entitlements, making use of Transit Oriented Communities incentives, include a density bonus and reductions to required parking, setbacks, and open space.
City records list the project applicant as Alexandria Project, LLC, which is affiliated with Los Angeles-based Kian Investments.
The project's case filing does not provide additional details.
Two blocks west at the corner of 4th Street and Normandie Avenue, Jamison Services, Inc. is now building a seven-story, 224-unit apartment complex.
- Koreatown (Urbanize LA)