The Coronel Featured in Urbanize LA
We are thrilled to be highlighted in an article published by Urbanize-Los Angeles featuring our newest addition to East Hollywood. Follow the link below to be directed to the entire article.
Non-profit developer Hollywood Community Housing Corporation has completed construction of an affordable apartment complex in the East Hollywood neighborhood.
The Coronel, which spans two street frontages at 1601 N Hobart Boulevard and 1600 N Serrano Avenue, is highlighted by a four-story building featuring 54 one-, two-, and three-bedroom apartments. The majority of the apartments are priced for households earning at or below 60 percent of the area median income, with a handful of units reserved for households making at or below 30 percent of the area median income.
Rents at The Coronel will range from $488 to $1,354 per month, according to a staff report to the California Tax Credit Allocation Committee. The total project budget was approximately $29.9 million.
The project, designed by KFA Architecture, includes the restoration of a 1920s Pueblo-style house as two residential units. The ground-up component of the project has a contemporary look.
