Protective fencing has appeared around a series of dilapidated buildings in East Hollywood, as San Diego-based Affirmed Housing prepares to begin construction on a low-income apartment complex.
The property, located at 4760-4766 Melrose Avenue, is currently improved with a pair of vacant buildings. Plans approved earlier this month by the City of Los Angeles call for replacing them with a five-story building containing 35 units of affordable housing.
With the exception of a market rate manager's apartment, the project will cater to households earning at or below 35, 50, and 60 percent of the area median income. Rents will be set as $509 per month, according to a staff report to the California Tax Credit Allocation Committee.
Togawa Smith Martin is designing the Melrose Avenue development.
Total project costs are estimated at $24.1 million.
The development site is located midway between two market-rate projects at Melrose Avenue's intersections with Serrano and Ardmore Avenues.
Affirmed Housing is currently in the midst of construction on a similar $28-million development in Westlake.
- 4760-4766 Melrose Avenue (Urbanize LA)
Interested in finding affordable housing? Visit housing.lacity.org.
