NOW IN DEVELOPMENT
Pasadena Studios LP announced today that funding has closed and construction has commenced on 180 affordable micro-units located at 280 N. Oakland Avenue in Pasadena, CA. Completion is scheduled for Spring of 2023. The project is targeted to entry-level workers earning 30% to 60% of area median income seeking modern, affordable housing near jobs and public transit.
Located in the heart of Los Angeles, 4242 Crenshaw will offer affordable and market-rate apartments for rent in the historic Crenshaw district. This project includes the new construction of 124 units of mixed-use, multifamily apartments with neighborhood-serving commercial space on the ground floor. The completed building will be approximately 110,000 SQ FT of multifamily and commercial area, entitled and permitted concurrently.