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Affordable Housing Development Proposed at 4600 E. Olympic Blvd in East Los Angeles

A new affordable housing project is set to rise at 4600 E. Olympic Boulevard in unincorporated East Los Angeles, bringing much-needed low- and moderate-income housing to the area. The proposal, recently reviewed by the Los Angeles County Regional Planning Commission, aims to address the ongoing housing crisis by offering 69 affordable units. Project Overview and Design The development is spearheaded by Magna Loyal, LLC, the property owner, with architectural plans crafted by Metropolis Architecture. Known for their involvement in Executive Directive 1 affordable housing projects across Los Angeles, Metropolis Architecture has envisioned a five-story contemporary building for this site. Unlike

October 23, 2024 No Comments

property News

LA’s Office-to-Residential Conversions Surge: CMCT Leads with Luxury Apartments in Mid-Wilshire

Creative Media & Community Trust (CMCT) has recently converted the top two floors of an office building in Los Angeles into 68 luxury apartment units. The property, located at 701 Hudson Avenue in the Mid-Wilshire district, is part of a growing trend of office-to-residential conversions in L.A. The building’s lower floors will still serve as creative office spaces, combining residential and commercial use within the same structure. This project was driven by incentives from L.A.’s Adaptive Reuse Ordinance, which encourages the repurposing of existing buildings to accommodate the city’s housing needs. The transformation of underutilized office space into residential apartments

September 22, 2024 No Comments