A developer has plans to replace a duplex in Koreatown with a seven-story, 30-unit apartment project, according to a planning case opened by the city of Los Angeles late last month.
The project is being led by property owner Yu Kon Kim of a company named Commun Associate, application documents show. It would rise on an approximately 7,000-square-foot site at 936 Fedora St. acquired for about $1.37 million in April, according to Los Angeles County property data.
The developer is requesting Tier-3 project incentives under the city’s Transit Oriented Communities Incentive Program, including a 13-unit density bonus and a reduced required parking minimum to half a space per unit, plans show. Three apartments would be reserved for extremely low-income households, per TOC requirements.
Rising to a maximum height of about 75 feet, the roughly 18,300-square-foot Fedora Street community would include 20 one-bedroom apartments and 10 two-bedrooms, with ones ranging from 405 to 427 square feet and twos from 549 to 625 square feet.
Units would be above two above-grade levels with 15 automobile parking spaces. Residents would also have access to 34 bicycle spaces and about 2,500 square feet of open space.
