The Los Angeles planning department has given approvals to plans for a three-story, 33-unit mixed-use apartment project at the southwestern corner of the intersection of North Avenue 64 and Garvanza Avenue in Highland Park, according to a determination letter posted by the city this month.
The project is being led by developer Skya Ventures, a company affiliated with multifamily investment company Gelt Inc. An entity registered at the address of the latter company acquired the project site, which is a 1-acre property occupied by a surface parking lot and billboard at 141 North Avenue 64, last year for about $5.1 million, county records show.
Approvals given this month allow for Tier-1 project incentives under the city’s Transit Oriented Communities Incentive Program, including a one-story height increase and 50-percent density bonus above the 22 units allowed otherwise, plans show. The community will contain three apartments reserved for extremely low-income households, per TOC requirements.
The architect for 141 North Avenue is shown as El Monte-based Green City Building Company. Its design of the building is meant to “reference Utilitarian commercial design features from the [Highland Park-Garvanza Historic Preservation Overlay Zone‘s] period of significance of 1886 to 1961, such as brick detailing and commercial storefronts,” according to this month’s determination letter.
The community will hold three studio apartments, four four-bedrooms, and 26 five-bedrooms over about 2,000 square feet of commercial space. The approximately 60,000-square-foot mixed-use building will also provide 5,500 square feet of usable open space including a courtyard, rooftop area, gym, and movie room.
The development will include 80 automobile parking spaces in a two-level underground garage, as well as 37 bicycle spaces.
