California + Los Angeles + Apartments | June 6, 2022

136-Unit Apartment Complex Slated For LA’s Pico Boulevard

Los Angeles real estate developer, Local Development, LLC, has filed plans to build a seven-story, 136-unit apartment building at the corner of Pico and South Redondo Boulevards in Los Angeles. The project is scheduled to break ground in the 2nd quarter of 2024.

The complex will include a mix of studio, one- two- and three-bedroom residences, with 13 of the 136-units reserved for tenants at the extremely low income housing level. Amenities planned include a fitness center, business center, rooftop deck, two-story clubhouse and a pool with outdoor BBQ’s and cabanas.

Designed by Lahmon Architects, the brick facade at the two-story base will mimic the frontage of nearby homes and the building will feature grade-level live/work units with enclosed outdoor spaces.

“There is significant demand for housing in this area of Los Angeles,” said Local Development’s founder Jason Grant. “We look forward to developing a building that is approachable and well-designed, offering high-quality housing for an area ripe for development.”

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About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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