{"id":447997,"date":"2026-08-30T11:44:27","date_gmt":"2026-08-30T11:44:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/447997\/"},"modified":"2026-08-30T11:44:27","modified_gmt":"2026-08-30T11:44:27","slug":"affordable-housing-complex-underway-at-708-s-gramercy-dr-in-koreatown","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/447997\/","title":{"rendered":"Affordable housing complex underway at 708 S. Gramercy Dr. in Koreatown"},"content":{"rendered":"

In Koreatown<\/a>, a pair of 1920s homes have made way for a new affordable housing complex.<\/p>\n

The project from Saman Kerendian<\/a>, located at 708-712 S. Gramercy Drive, calls for the construction of a new seven-story building featuring 101 studio and one-bedroom apartments with parking for 17 vehicles.<\/p>\n

Kerendian utilized density bonus incentives and city affordable housing streamlining to permit a larger building than otherwise allowed by zoning rules. All of the apartments are to be reserved for low- and moderate-income renters.<\/a><\/p>\n

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\n708-712 S Gramercy Drive in KoreatownGoogle Maps<\/p>\n

Sam Ghanouni<\/a> is designing the project, which is shown in plans as a contemporary podium-type building.<\/p>\n

The Gramercy Drive project began as a predominantly market-rate development with 55 apartments in 2023. <\/a>Kerendian pivoted to the affordable project in 2024.<\/a><\/p>\n

The same team is also developing an affordable housing complex project at 962 S. Kinsley Drive.<\/a> That also began as a smaller, largely market-rate project.<\/p>\n

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Koreatown<\/a> (Urbanize LA)<\/p>\n

Looking for affordable housing? Visit lahousing.lacity.org\/aahr<\/a> and\u00a0housing.lacounty.gov<\/a><\/p>\n

California’s 2026 state income limits<\/a><\/p>\n

Click here for additional affordable housing resources<\/a><\/p>\n