The project team that just kicked off plans for a small affordable housing development near the intersection of 56th and Main Streets in South Los Angeles is working on a similar project just one block to the west.
Yesterday, Phantom Group, LLC - an entity affiliated with Parklane Properties, submitted an application to the City of Los Angeles seeking approvals to build a new four-story, 37-unit residential building at 5436 S. Broadway. Construction of the new development would require the demolition of an existing commercial building and single-family home.
With the exception of one two-bedroom market-rate manager's unit, all of the apartments would come in studio and one-bedroom floor plans, and cater to very low- and low-income households. While its counterpart on Main Street utilizes Transit Oriented Communities incentives to achieve greater height, density, and floor area than normally allowed by zoning rules, the Broadway project would employ traditional density bonus incentives. However, like the other project, no on-site parking is proposed.
As with the earlier project, Metropolis Architecture is designing 5436 Broadway, which would also be a contemporary low-rise structure clad in painted stucco. In addition to housing, on-site open space would include a rear yard, rooftop decks, a recreation room, and private balconies.
The proposed apartment complex joins a number of infill developments in the South Park community, including a 38-unit project proposed two blocks south at the intersection of Broadway and 57th Street.
- South Park (Urbanize LA)
Looking for affordable housing? Visit lahousing.lacity.org/aahr and housing.lacounty.gov
California's 2022 state income limits
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