Just south of Metro's Leimert Park Station, SoLa Impact has secured $29 million in funding to add community-serving spaces to a new mixed-use apartment complex wrapping up work on Crenshaw Boulevard.

The Crenshaw Lofts, located at 4607 Crenshaw Boulevard, consists of a seven-story building that will feature 190 studio, one-, two-, and three-bedroom apartments above subterranean parking. Project approvals included Transit Oriented Communities incentives to allow for a larger building than would normally be permitted by zoning rules. In exchange, 22 of the new apartments are to be set aside as deed-restricted affordable housing at the extremely low-income level.

Rendering of cafe at Crenshaw LoftsSoLa Impact

The $29 million in new market tax credits will go toward the build out of two ground-floor tenants for the property, including:

  • The SoLa Tech & Entertainment Center Powered by Live Nation – a next-generation workforce development center offering training in technology, digital media, music, live production, and entrepreneurship.
  • The Crenshaw Culinary Arts Cafe – a non-profit culinary training and community café serving the community with healthy food options while offering hands-on vocational training in the food service industry for South LA residents.

Rendering of Creative Lab at SoLa Tech & Entertainment CenterSoLa Impact

The tax credits were provided by Border communities Capital Company, the Los Angeles Development Fund, and Enterprise Financial CDE. Dudley Ventures/Valley Bank served as tax credit investor, while BHI provided construction financing for the overall development.

Located just west of Sankofa Park, the northern bookend of the 1.3-mile Destination Crenshaw public art and open space project, the Crenshaw Lofts are one of several mixed-use projects reshaping the blocks surrounding Leimert Park Station, and are among a handful of ground-up developments in the works from SoLa Impact. That includes a new development also nearing completion at 4008 Martin Luther King Jr. Boulevard.

Follow us on social media: 

Twitter / Facebook / LinkedIn / Threads / Instagram / Bluesky