The Los Angeles planning department has issued approvals for 5147 N. Bakman Ave., a five-story, 33-unit project proposed for the NoHo Arts District, according to a determination letter filed by the city last week. The project applicant and owner is listed as MDMT Investments LLC, a company registered to the offices of MDM Builders Group, an LA-based commercial construction company.
Plans call for demolishing the 12,530-square-foot project site’s existing two-story, four-unit residential building in favor of the newly approved 39,028-square-foot development. The project will have three studios, 14 one-bedrooms, and 16 two-bedrooms, along with 30 parking spaces between ground and subterranean levels and 37 bike spaces. Designs also call for 2,120 square feet of open space divided between private balconies and rooftop spaces.
Also on the project team is project representative Danielle Hayman of Studio City-based development and design company The Ketter Group, along with landscape architect Paul Lewis & Associates. MDMT Investments LLC purchased the two-parcel project site for $1.6 million, according to a transaction recorded with the county in January 2019.
Of the project’s 33 units, three will be reserved for very low incomes, affording the project a 35% density bonus and allowed height increase of five-and-a-half feet to just over 50 feet.
