Developer looks to add to East Hollywoods growing multifamily stock – The Real Deal

Plans in the works for another multi-level building in East Hollywood

A developer wants to add to the growing roster of mid-rise apartment complexes sprouting in East Hollywood.

Kenneth Sauder on behalf of Wakeland Wilcox LLC has filed plans for a four-story, 62-unit building at 4904-4920 W. Santa Monica Boulevard, county records show. The building would have a substantial affordable component.

The entity acquired the property, now a 4,850-square-foot office building and adjacent parking lot, for $6.4 million in September.

The applicant is requesting special zoning considerations under Los Angeles Transit Oriented Communities initiative, which encourages the construction of affordable housing near transit stations.

The $35.4 million development to be called The Wilcox is slated for $13.4 million in No Place Like Home Funds state grant funding, awarded through L.A. County, according to Urbanize.

Some of the other East Hollywood mid-level housing developments in the works:

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Developer looks to add to East Hollywoods growing multifamily stock - The Real Deal