A new mixed-use development may soon come to 4773 Hollywood Boulevard in Los Feliz. The project proposal pitches the development of a new six-story mixed-use property offering spaces for residential and retail uses. If approved, the building will rise across the street from Barnsdall Park.
Beverly Hills-based Lazer Properties is the project developer. KFA Architecture is responsible for the designs.
4773 Hollywood Boulevard Facade via KFA Architecture
The project site is a vacant parcel that spans an area of 28,000 square feet. The scope of work includes the construction of a new six-story building offering 86 residential units and retail space on the ground floor. The units are proposed as a mix of studios, one-bedroom, and two-bedroom floor plans. Proposed retail space will span an area of 2,600 square feet. The mixed-use will also offer parking for 93 cars in an underground garage.
Residential amenities include a spa deck on the second floor and a rooftop terrace overlooking Hollywood Boulevard.
4773 Hollywood Boulevard via KFA Architecture
Requested approvals include density bonus incentives and waivers of development incentives to permit a larger structure than would otherwise be allowed by zoning rules. In exchange, nine of the new apartments will be set aside for rent as very low-income affordable housing.
Lazer Properties acquired the vacant site for $8.5 million in March 2023. Last week a project application was submitted to the Los Angeles Department of City Planning. The estimated construction timeline is subject to review and approval.
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