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The Los Angeles planning department has approved plans by developer SoLa Impact for an 87-unit, factory-built apartment project at the southeastern corner of the intersection of South Main and East 61st Streets, a letter of determination filed by the city this month shows.
The South Los Angeles project will replace a series of commercial and small multifamily buildings including nine residential units at 6100 – 6112 S. Main St. with a new four-story, 58,327-square-foot apartment building.
Located in an Opportunity Zone, the properties making up the project site are owned by a subsidiary of one of SoLa Impact’s Opportunity Zone funds. The LA-based company is the developer of a number of projects in South Los Angeles located inside Opportunity Zones, which can offer tax advantages to long-term investors as a result of the 2017 Tax Cuts and Jobs Act.
For 6100 S. Main Street, approvals include Tier-2 project incentives under the city’s transit-oriented communities program, including a 52-percent density increase above the otherwise allowed 57 units, a reduction in the required parking minimum to one-half parking space per bedroom, and an 11-foot height increase to about 53 feet, according to the determination letter.
SoLa Impact will set aside 18 units at below-market-rate rents: eight units for extremely low-income households, and 10 units for low-income households.
Plans call for exclusively one-bedroom apartments at sizes of just under 400 square feet each, along with about 7,000 square feet of common open space that includes a courtyard and a rooftop deck.
The project will provide 44 automobile parking spaces and 76 bicycle spaces.
The architect for Sola Impact’s planned 6100 – 6112 S. Main St. modular housing development is The Architects Collective.