A developer has submitted plans to build a six-story, 23-unit apartment project in Hollywood near the southwestern corner of Franklin Avenue and Garfield Place, a new planning case opened by the city of Los Angeles this week shows.
The project applicant and owner is listed as Garfield Equities LLC, a company that was registered at the address of real estate brokerage and management firm South Park Group in 2018, according to state business filings.
The proposed development would rise on a vacant lot at 1853 Garfield Place and hold three one-bedrooms, 15 two-bedrooms, and five three-bedrooms over a two-level underground parking garage with 25 spaces.
The developer is requesting Tier-3 project incentives under the city’s Transit Oriented Communities Incentive Program, including a 70-percent density bonus and 22-foot height increase to a maximum height of 67 feet. Per Tier-3 TOC requirements, the project would include three units reserved for extremely low-income households.
The roughly 30,000-square-foot apartment community would also offer 14 bicycle spaces and amenities including a ground-floor community room and a roof deck.
The project architect is listed as Warren Techentin Architecture.
Garfield Equities acquired the project site in 2019 for about $1.25 million, according to Los Angeles County property records.
